Robeco Institutional Asset Management B.V. Boosts Stock Holdings in BNY $BK

Robeco Institutional Asset Management B.V. raised its holdings in shares of BNY (NYSE:BK) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,483,240 shares of the bank’s stock after buying an additional 317,188 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.36% of BNY worth $288,279,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Ransom Advisory Ltd boosted its position in BNY by 1.3% during the fourth quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after buying an additional 85 shares during the period. Mather Group LLC. boosted its holdings in shares of BNY by 0.9% during the fourth quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock worth $1,072,000 after purchasing an additional 86 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of BNY by 1.3% during the third quarter. Valeo Financial Advisors LLC now owns 7,539 shares of the bank’s stock worth $821,000 after purchasing an additional 94 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of BNY by 0.4% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 24,752 shares of the bank’s stock worth $2,697,000 after purchasing an additional 96 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of BNY by 1.9% during the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,192 shares of the bank’s stock worth $566,000 after purchasing an additional 98 shares during the period. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BK. Royal Bank Of Canada increased their target price on shares of BNY from $124.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Barclays increased their target price on shares of BNY from $120.00 to $143.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Citigroup began coverage on shares of BNY in a report on Monday, February 23rd. They set a “neutral” rating for the company. Morgan Stanley dropped their target price on shares of BNY from $147.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of BNY from $128.50 to $130.50 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. One equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.50.

BNY Price Performance

BK stock opened at $127.59 on Friday. BNY has a 1 year low of $72.50 and a 1 year high of $128.76. The company has a market cap of $87.81 billion, a P/E ratio of 17.22, a PEG ratio of 1.02 and a beta of 1.06. The firm has a 50-day moving average of $119.21 and a 200 day moving average of $115.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71.

BNY (NYSE:BK) last released its quarterly earnings results on Tuesday, January 13th. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.11. BNY had a net margin of 13.62% and a return on equity of 14.37%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. BNY’s revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that BNY will post 6.96 EPS for the current year.

BNY Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 23rd were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, January 23rd. BNY’s dividend payout ratio is presently 28.61%.

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.