Arbejdsmarkedets Tillaegspension Takes Position in BNY $BK

Arbejdsmarkedets Tillaegspension purchased a new stake in BNY (NYSE:BK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 200,629 shares of the bank’s stock, valued at approximately $23,291,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BK. Revolve Wealth Partners LLC acquired a new position in shares of BNY during the fourth quarter valued at about $220,000. Sivia Capital Partners LLC grew its holdings in BNY by 36.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock valued at $309,000 after buying an additional 909 shares in the last quarter. Jump Financial LLC purchased a new stake in BNY in the second quarter valued at $2,482,000. Treasurer of the State of North Carolina boosted its position in shares of BNY by 1.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock worth $30,466,000 after purchasing an additional 5,445 shares during the period. Finally, Osterweis Capital Management Inc. increased its stake in BNY by 11,890.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock worth $109,000 after buying an additional 1,189 shares during the period. Institutional investors own 85.31% of the company’s stock.

Wall Street Analysts Forecast Growth

BK has been the topic of a number of recent analyst reports. Citigroup assumed coverage on BNY in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Barclays upped their price target on BNY from $143.00 to $149.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. upped 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, May 11th. Royal Bank Of Canada upped their target price on BNY from $130.00 to $142.00 and gave the company a “sector perform” rating in a report on Friday, April 17th. Finally, Evercore set a $136.00 price objective on BNY in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BNY presently has an average rating of “Moderate Buy” and an average price target of $138.08.

BNY Trading Down 0.8%

Shares of BK stock opened at $134.89 on Friday. BNY has a 12-month low of $87.41 and a 12-month high of $139.15. The firm has a 50-day moving average price of $125.55 and a 200 day moving average price of $119.35. The company has a market capitalization of $92.84 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.99 and a beta of 1.08. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82.

BNY (NYSE:BK) last released its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, beating 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 revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 earnings per share. Research analysts forecast that BNY will post 8.78 earnings per share for the current fiscal year.

BNY Announces Dividend

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

Insider Transactions at BNY

In other BNY news, EVP J Kevin Mccarthy sold 30,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the transaction, the executive vice president owned 50,238 shares in the company, valued at $6,857,487. This represents a 37.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.02, for a total value of $719,545.80. Following the completion of the sale, the insider directly owned 17,259 shares in the company, valued at $2,347,569.18. This trade represents a 23.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,091 shares of company stock worth $6,568,423 over the last three months. Company insiders own 0.17% of the company’s stock.

About BNY

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.