BNY $BK Stock Holdings Decreased by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its position in BNY (NYSE:BK) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,962 shares of the bank’s stock after selling 15,096 shares during the period. Securian Asset Management Inc.’s holdings in BNY were worth $2,201,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BK. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BNY in the fourth quarter worth approximately $27,000. Marquette Asset Management LLC increased its position in shares of BNY by 174.7% in the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of BNY in the third quarter worth approximately $33,000. Westside Investment Management Inc. increased its position in shares of BNY by 44.1% in the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after acquiring an additional 127 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of BNY in the fourth quarter worth approximately $46,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

BNY Stock Performance

BK stock opened at $132.44 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $91.15 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 0.96 and a beta of 1.08. BNY has a 12 month low of $86.52 and a 12 month high of $139.15. The firm has a 50 day moving average of $124.26 and a two-hundred day moving average of $118.66.

BNY (NYSE:BK) last posted 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. The company 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 revenue for the quarter 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. As a group, equities analysts anticipate that BNY will post 8.76 EPS for the current fiscal year.

BNY Dividend Announcement

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

Insider Buying and Selling at BNY

In other BNY news, VP Shannon Marie Hobbs sold 297 shares of the business’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 value of $40,703.85. Following the completion of the sale, the vice president directly owned 15,206 shares of the company’s stock, valued at $2,083,982.30. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alejandro Perez sold 12,504 shares of the business’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 transaction of $1,713,173.04. Following the completion of the sale, the executive vice president directly owned 62,613 shares of the company’s stock, valued at $8,578,607.13. This represents a 16.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 48,091 shares of company stock valued at $6,568,423. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. New Street Research set a $143.00 price objective on shares of BNY in a research report on Wednesday, January 14th. Evercore set a $136.00 price objective on shares of BNY in a research report on Friday, April 17th. Barclays boosted their price objective on shares of BNY from $143.00 to $149.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Wells Fargo & Company boosted their price objective on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BNY from $130.50 to $140.00 and gave the company an “overweight” rating in a research report on Monday. One equities research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.08.

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.