NewEdge Wealth LLC raised its stake in BNY (NYSE:BK – Free Report) by 105.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,267 shares of the bank’s stock after purchasing an additional 10,394 shares during the quarter. NewEdge Wealth LLC’s holdings in BNY were worth $2,353,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BK. Revolve Wealth Partners LLC bought a new position in shares of BNY during the fourth quarter valued at about $220,000. Sivia Capital Partners LLC raised its stake 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 valued at $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 valued at about $2,482,000. Treasurer of the State of North Carolina raised its stake 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 valued at $30,466,000 after acquiring an additional 5,445 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its stake 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 valued at $109,000 after acquiring an additional 1,189 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.
Insider Transactions at BNY
In other BNY news, insider Kurtis R. Kurimsky sold 5,290 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $136.02, for a total transaction of $719,545.80. Following the completion of the transaction, the insider owned 17,259 shares of the company’s stock, valued at approximately $2,347,569.18. This trade represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shannon Marie Hobbs sold 297 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $137.05, for a total transaction of $40,703.85. Following the transaction, the vice president directly owned 15,206 shares of the company’s stock, valued at $2,083,982.30. This represents a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,091 shares of company stock worth $6,568,423 in the last ninety days. 0.17% of the stock is owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on BNY
BNY Price Performance
BK stock opened at $133.48 on Wednesday. The firm has a 50-day moving average of $124.55 and a 200 day moving average of $118.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $91.86 billion, a P/E ratio of 16.54, a PEG ratio of 0.97 and a beta of 1.08. BNY has a 1 year low of $86.97 and a 1 year high of $139.15.
BNY (NYSE:BK – Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 earnings per share (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 return on equity of 15.29% and a net margin of 14.60%.The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. On average, sell-side analysts forecast that BNY will post 8.76 EPS for the current year.
BNY Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were issued a $0.53 dividend. The ex-dividend date was Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.6%. BNY’s dividend payout ratio is 26.27%.
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.
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