Bokf Na Has $6.70 Million Stock Position in BNY $BK

Bokf Na reduced its position in shares of BNY (NYSE:BK) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 57,682 shares of the bank’s stock after selling 4,785 shares during the period. Bokf Na’s holdings in BNY were worth $6,696,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BK. Revolve Wealth Partners LLC acquired a new position in BNY during the fourth quarter valued at approximately $220,000. Sivia Capital Partners LLC raised its position in BNY by 36.6% during the second quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock valued at $309,000 after purchasing an additional 909 shares in the last quarter. Jump Financial LLC acquired a new position in shares of BNY during the second quarter worth $2,482,000. Treasurer of the State of North Carolina increased its holdings in shares of BNY by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock worth $30,466,000 after buying an additional 5,445 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in shares of BNY by 11,890.0% during the second 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 in the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BK shares. Keefe, Bruyette & Woods upped their price target on shares of BNY from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Weiss Ratings upgraded shares of BNY from a “buy (a-)” rating to a “buy (a)” rating in a report on Monday. Morgan Stanley upped their price target on shares of BNY from $135.00 to $139.00 and gave the stock an “equal weight” rating in a report on Friday, April 17th. Evercore set a $136.00 price target on shares of BNY in a report on Friday, April 17th. Finally, Citigroup started coverage on shares of BNY in a report on Monday, February 23rd. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.35.

BNY Stock Performance

Shares of BK opened at $133.80 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $92.09 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The firm’s fifty day simple moving average is $123.56 and its two-hundred day simple moving average is $118.15. BNY has a 12 month low of $82.91 and a 12 month high of $139.15.

BNY (NYSE:BK) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $5.14 billion. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. As a group, analysts predict that BNY will post 8.76 EPS for the current year.

BNY Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be given 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 yield of 1.6%. BNY’s dividend payout ratio is 26.27%.

Insider Activity

In other news, VP Shannon Marie Hobbs sold 297 shares of the 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 owned 15,206 shares of the company’s stock, valued at $2,083,982.30. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.02, for a total transaction of $719,545.80. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 48,091 shares of company stock worth $6,568,423. 0.17% of the stock is owned by insiders.

BNY Company 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.