Caisse Des Depots ET Consignations Has $3.69 Million Holdings in BNY $BK

Caisse Des Depots ET Consignations cut its position in shares of BNY (NYSE:BK) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,784 shares of the bank’s stock after selling 11,433 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in BNY were worth $3,690,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BK. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of BNY by 639.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock worth $771,080,000 after buying an additional 6,119,749 shares during the period. Ameriprise Financial Inc. increased its position in shares of BNY by 18.0% during the third quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock worth $1,454,116,000 after buying an additional 2,034,781 shares during the period. AQR Capital Management LLC increased its position in shares of BNY by 29.1% during the third quarter. AQR Capital Management LLC now owns 4,023,663 shares of the bank’s stock worth $438,418,000 after buying an additional 906,218 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of BNY during the fourth quarter worth $95,002,000. Finally, Vanguard Group Inc. increased its position in shares of BNY by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 71,319,884 shares of the bank’s stock worth $8,279,525,000 after buying an additional 647,847 shares during the period. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BK. Weiss Ratings upgraded shares of BNY from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, March 11th. TD Cowen raised their price target on shares of BNY from $133.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. New Street Research set a $143.00 price target on shares of BNY in a report on Wednesday, January 14th. Wells Fargo & Company raised their price target on shares of BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Finally, Truist Financial raised their price target on shares of BNY from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.35.

Insider Buying and Selling at BNY

In other news, VP Shannon Marie Hobbs sold 297 shares of BNY stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the transaction, the vice president directly owned 15,206 shares in the company, valued at $2,083,982.30. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,290 shares of BNY stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.02, for a total transaction of $719,545.80. Following the transaction, the insider owned 17,259 shares of the company’s stock, valued at $2,347,569.18. This represents a 23.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,091 shares of company stock valued at $6,568,423 over the last three months. Corporate insiders own 0.17% of the company’s stock.

BNY Trading Down 0.4%

NYSE:BK opened at $133.81 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $92.09 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.98 and a beta of 1.08. The firm has a fifty day simple moving average of $122.91 and a two-hundred day simple moving average of $117.64. BNY has a 12 month low of $81.12 and a 12 month high of $139.15.

BNY (NYSE:BK) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.31. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.58 earnings per share. Analysts expect that BNY will post 8.76 EPS for the current fiscal year.

BNY Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 27th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, April 27th. BNY’s dividend payout ratio (DPR) is currently 26.27%.

About BNY

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.