BNY $BK Shares Purchased by World Investment Advisors

World Investment Advisors lifted its stake in BNY (NYSE:BK) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,285 shares of the bank’s stock after purchasing an additional 9,105 shares during the period. World Investment Advisors’ holdings in BNY were worth $8,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BK. Linscomb Wealth Inc. increased its holdings in BNY by 2.5% during the 4th quarter. Linscomb Wealth Inc. now owns 3,240 shares of the bank’s stock valued at $376,000 after acquiring an additional 80 shares in the last quarter. Ransom Advisory Ltd increased its holdings in BNY by 1.3% during the 4th quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after acquiring an additional 85 shares in the last quarter. Mather Group LLC. increased its holdings in BNY by 0.9% during the 4th quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock valued at $1,072,000 after acquiring an additional 86 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in BNY by 3.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,805 shares of the bank’s stock valued at $326,000 after acquiring an additional 88 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in BNY by 0.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,584 shares of the bank’s stock valued at $2,041,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

BNY Stock Performance

Shares of NYSE BK opened at $130.61 on Friday. The company has a market cap of $89.89 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08. BNY has a 12 month low of $84.54 and a 12 month high of $139.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.71. The company has a 50-day simple moving average of $123.84 and a 200-day simple moving average of $118.32.

BNY (NYSE:BK) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.31. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. On average, equities analysts anticipate that BNY will post 8.76 earnings per share for the current year.

BNY Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 27th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. BNY’s dividend payout ratio (DPR) is currently 26.27%.

Insider Activity at BNY

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the sale, the executive vice president directly owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This trade represents a 37.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $136.02, for a total transaction of $719,545.80. Following the completion of the sale, the insider directly owned 17,259 shares in the company, 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 sold a total of 48,091 shares of company stock valued at $6,568,423 over the last three months. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BK shares. Morgan Stanley raised their target price on shares of BNY from $135.00 to $139.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Wells Fargo & Company raised their target price on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Barclays raised their target price on shares of BNY from $143.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Evercore set a $136.00 target price on shares of BNY in a report on Friday, April 17th. Finally, Truist Financial raised their target price on shares of BNY from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, BNY has a consensus rating of “Moderate Buy” and an average price target of $137.35.

BNY Profile

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.