One Wealth Advisors LLC Invests $450,000 in Bank of New York Mellon Corporation $BNY

One Wealth Advisors LLC bought a new stake in shares of 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 bought 3,110 shares of the bank’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BNY. CIBC Asset Management Inc grew its stake in Bank of New York Mellon by 53.8% in the 4th quarter. CIBC Asset Management Inc now owns 182,002 shares of the bank’s stock valued at $21,129,000 after acquiring an additional 63,627 shares during the period. Todd Asset Management LLC raised its position in Bank of New York Mellon by 37.5% during the fourth quarter. Todd Asset Management LLC now owns 370,998 shares of the bank’s stock worth $43,069,000 after acquiring an additional 101,142 shares during the period. Prospera Financial Services Inc raised its position in Bank of New York Mellon by 106.5% during the fourth quarter. Prospera Financial Services Inc now owns 19,126 shares of the bank’s stock worth $2,220,000 after acquiring an additional 9,865 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in Bank of New York Mellon by 26.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 124,015 shares of the bank’s stock valued at $14,397,000 after purchasing an additional 25,642 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in Bank of New York Mellon by 282.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 92,414 shares of the bank’s stock valued at $10,728,000 after purchasing an additional 68,262 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Analyst Upgrades and Downgrades

BNY has been the topic of several research analyst reports. Bank of America lifted their target price on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods raised their price target on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Argus raised their price target on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Truist Financial lifted their price objective on Bank of New York Mellon from $160.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada boosted their price objective on Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Two research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.13.

Insiders Place Their Bets

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon Trading Up 0.6%

Shares of BNY opened at $163.30 on Friday. Bank of New York Mellon Corporation has a 52-week low of $99.67 and a 52-week high of $163.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $151.97 and its two-hundred day moving average is $135.17. The stock has a market cap of $110.80 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06.

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

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.