First National Bank of Omaha Purchases New Position in Bank of New York Mellon Corporation $BNY

First National Bank of Omaha purchased a new stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 117,779 shares of the bank’s stock, valued at approximately $16,963,000.

Other large investors have also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Bank of New York Mellon during the fourth quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in Bank of New York Mellon in the 2nd quarter worth $32,000. MCF Advisors LLC raised its holdings in Bank of New York Mellon by 74.8% in the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock worth $27,000 after purchasing an additional 101 shares in the last quarter. MidFirst Bank purchased a new stake in shares of Bank of New York Mellon in the 2nd quarter worth about $38,000. Finally, Heritage Wealth Advisors bought a new stake in shares of Bank of New York Mellon during the 4th quarter valued at about $31,000. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Stock Down 0.3%

Shares of Bank of New York Mellon stock opened at $163.80 on Wednesday. The company has a market cap of $111.14 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. 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 company’s 50 day moving average is $152.84 and its 200 day moving average is $135.92. Bank of New York Mellon Corporation has a twelve month low of $99.67 and a twelve month high of $165.68.

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

Analysts Set New Price Targets

A number of research firms have weighed in on BNY. Keefe, Bruyette & Woods upped their target price on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of Bank of New York Mellon from $149.00 to $159.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Bank of New York Mellon from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Bank of America increased their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada raised their price target on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.13.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

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.