World Investment Advisors Buys 9,105 Shares of BNY $BK

World Investment Advisors lifted its stake in shares of BNY (NYSE:BK) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,285 shares of the bank’s stock after acquiring an additional 9,105 shares during the quarter. World Investment Advisors’ holdings in BNY were worth $7,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BK. Revolve Wealth Partners LLC bought a new position in shares of BNY during the fourth quarter worth about $220,000. Sivia Capital Partners LLC raised its position in shares of BNY by 36.6% during the second quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock worth $309,000 after acquiring an additional 909 shares during the last quarter. Jump Financial LLC bought a new position in shares of BNY during the second quarter worth about $2,482,000. Treasurer of the State of North Carolina raised its position in shares of BNY by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock worth $30,466,000 after acquiring an additional 5,445 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its position in shares of BNY by 11,890.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock worth $109,000 after acquiring an additional 1,189 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

BNY Trading Up 1.2%

NYSE BK opened at $135.05 on Thursday. The business has a 50 day simple moving average of $124.86 and a 200 day simple moving average of $119.04. BNY has a one year low of $87.41 and a one year high of $139.15. The stock has a market capitalization of $92.95 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75.

BNY (NYSE:BK) last released its earnings results on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $1.94 by $0.31. BNY had a return on equity of 15.29% and a net margin of 14.60%.The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the firm posted $1.58 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Research analysts expect that BNY will post 8.78 earnings per share for the current year.

BNY Announces Dividend

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

Insiders Place Their Bets

In other BNY news, EVP Alejandro Perez sold 12,504 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $137.01, for a total value of $1,713,173.04. Following the completion of the sale, the executive vice president owned 62,613 shares of the company’s stock, valued at approximately $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the executive vice president directly owned 50,238 shares of the company’s stock, valued at $6,857,487. This trade represents a 37.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 48,091 shares of company stock worth $6,568,423. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BK. Royal Bank Of Canada raised their price objective on BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. Weiss Ratings upgraded BNY from a “buy (a-)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Evercore set a $136.00 target price on BNY in a research note on Friday, April 17th. Citigroup began coverage on BNY in a research note on Monday, February 23rd. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods raised their target price on BNY from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.08.

BNY Company 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.