Bank of New York Mellon Corporation $BNY Shares Purchased by Park National Corp OH

Park National Corp OH boosted its position in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 1,500.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 192,939 shares of the bank’s stock after purchasing an additional 180,881 shares during the quarter. Park National Corp OH’s holdings in Bank of New York Mellon were worth $27,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its stake in Bank of New York Mellon by 36.9% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 33,890 shares of the bank’s stock valued at $4,902,000 after acquiring an additional 9,131 shares during the last quarter. Eastern Bank raised its position in shares of Bank of New York Mellon by 12.4% during the 3rd quarter. Eastern Bank now owns 1,043 shares of the bank’s stock valued at $151,000 after acquiring an additional 115 shares during the last quarter. Rockland Trust Co. raised its position in shares of Bank of New York Mellon by 7.6% during the 3rd quarter. Rockland Trust Co. now owns 2,542 shares of the bank’s stock valued at $368,000 after acquiring an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Bank of New York Mellon by 164.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 65,389 shares of the bank’s stock valued at $9,457,000 after purchasing an additional 40,694 shares during the period. Finally, CX Institutional lifted its stake in shares of Bank of New York Mellon by 31.9% in the 3rd quarter. CX Institutional now owns 12,837 shares of the bank’s stock valued at $2,044,000 after purchasing an additional 3,104 shares during the period. Institutional investors own 85.31% of the company’s stock.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president directly owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,840 shares of company stock worth $6,033,502 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Bank of New York Mellon Stock Down 1.1%

Shares of NYSE BNY traded down $1.58 during mid-day trading on Monday, reaching $143.82. 1,041,857 shares of the company’s stock were exchanged, compared to its average volume of 3,687,306. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $157.61 and a 200 day simple moving average of $144.72. Bank of New York Mellon Corporation has a twelve month low of $103.11 and a twelve month high of $165.84. The firm has a market capitalization of $97.58 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.09 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.30. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. As a group, equities analysts expect that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on BNY. Barclays lifted their price objective on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Keefe, Bruyette & Woods boosted their target price on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Weiss Ratings cut Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Bank of America increased their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.14.

Bank of New York Mellon 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.