SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Buys Shares of 4,915 Bank of New York Mellon Corporation $BNY

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Bank of New York Mellon Corporation (NYSE:BNY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,915 shares of the bank’s stock, valued at approximately $711,000. Bank of New York Mellon comprises 0.2% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings, making the stock its 23rd largest position.

Several other large investors also recently modified their holdings of the company. Abound Financial LLC purchased a new position in shares of Bank of New York Mellon in the fourth quarter worth approximately $25,000. MCF Advisors LLC increased its holdings in Bank of New York Mellon by 74.8% during the fourth quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock valued at $27,000 after buying an additional 101 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in Bank of New York Mellon during the second quarter valued at approximately $27,000. Burnham & Co LLC bought a new position in Bank of New York Mellon in the second quarter worth approximately $29,000. Finally, EFG International AG bought a new position in Bank of New York Mellon in the second quarter worth approximately $29,000. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

BNY opened at $165.05 on Monday. The company has a 50 day simple moving average of $157.46 and a two-hundred day simple moving average of $139.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $111.99 billion, a P/E ratio of 19.21, a PEG ratio of 1.24 and a beta of 1.05. Bank of New York Mellon Corporation has a 1-year low of $102.63 and a 1-year high of $165.84.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, beating the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm earned $1.93 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Equities analysts forecast that Bank of New York Mellon Corporation will post 9.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the company’s 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $162.64, for a total value of $572,492.80. Following the sale, the vice president owned 180,344 shares of the company’s stock, valued at $29,331,148.16. This represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

BNY has been the topic of several analyst reports. Truist Financial boosted their price objective on shares of Bank of New York Mellon from $160.00 to $178.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Barclays raised their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings downgraded Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Finally, Royal Bank Of Canada upped their price target on Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.13.

Bank of New York Mellon 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.