Shannon Marie Hobbs Sells 297 Shares of BNY (NYSE:BK) Stock

BNY (NYSE:BK - Get Free Report) VP Shannon Marie Hobbs sold 297 shares of the company's stock in a transaction dated 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 approximately $2,083,982.30. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BNY Trading Up 1.9%

• 3 Satellite Stocks To Check Out Before SpaceX's IPO

NYSE BK opened at $137.97 on Wednesday. BNY has a 12 month low of $75.35 and a 12 month high of $139.15. The company has a 50-day moving average of $120.68 and a 200-day moving average of $116.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.71. The company has a market cap of $94.96 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.00 and a beta of 1.06.

BNY (NYSE:BK - Get Free Report) last posted 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. BNY had a net margin of 14.60% and a return on equity of 15.29%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts predict that BNY will post 8.52 earnings per share for the current year.

BNY Dividend Announcement

---

---

• Quiet BNY and Northern Trust Reward Patient Investors

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 27th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.5%. BNY's dividend payout ratio is currently 26.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BK shares. Truist Financial boosted their target price on BNY from $140.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, April 17th. Morgan Stanley boosted their target price on BNY from $135.00 to $139.00 and gave the stock an "equal weight" rating in a report on Friday. Citigroup started coverage on BNY in a report on Monday, February 23rd. They set a "neutral" rating for the company. New Street Research set a $143.00 target price on BNY in a report on Wednesday, January 14th. Finally, TD Cowen raised their target price on shares of BNY from $133.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, BNY presently has an average rating of "Moderate Buy" and a consensus target price of $137.35.

• 3 Under-the-Radar AI Infrastructure Stocks Powering the Next Buildout

Check Out Our Latest Stock Analysis on BK

Hedge Funds Weigh In On BNY

Hedge funds have recently made changes to their positions in the business. Abound Financial LLC purchased a new position in shares of BNY in the 4th quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BNY in the 4th quarter worth approximately $27,000. MCF Advisors LLC boosted its holdings in BNY by 74.8% in the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank's stock worth $27,000 after acquiring an additional 101 shares during the period. Marquette Asset Management LLC boosted its holdings in BNY by 174.7% in the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank's stock worth $30,000 after acquiring an additional 166 shares during the period. Finally, Heritage Wealth Advisors purchased a new position in BNY in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Key Stories Impacting BNY

Here are the key news stories impacting BNY this week:

• Positive Sentiment: Analysts raised price targets on BK (two reported raises to $150 and $148), signaling improved forward expectations that can support further upside. BNY Price Target Raised to $150.00 BNY Price Target Raised to $148.00
• Positive Sentiment: Coverage highlighting BK’s Q1 beat, AI-related business gains and a $10B buyback supports investor optimism on earnings growth and capital return. Assessing Bank of New York Mellon Corporation (BK) Valuation After Q1 Beat AI Gains And $10b Buyback
• Negative Sentiment: Multiple insiders sold shares on April 17 (EVP Alejandro Perez 12,504 shares; EVP J. Kevin McCarthy 30,000 shares; Kurtis R. Kurimsky 5,290 shares; VP Shannon Hobbs 297 shares). The size and concentration of these disposals (some large % ownership drops) may be read as a negative signal by the market. Regulatory filing links: Alejandro Perez SEC Filing J. Kevin McCarthy SEC Filing Kurtis Kurimsky SEC Filing Shannon Hobbs SEC Filing
• Negative Sentiment: Unusual options flow: traders bought 15,757 put contracts (a 663% jump vs. typical daily put volume). This spike in bearish/options-hedging activity increases near-term downside risk or signals growing hedging interest. (Options volume reported April 21)

About BNY

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than BNY

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].