3,301 Shares in Bank of New York Mellon Corporation $BNY Purchased by CM Wealth Advisors LLC

CM Wealth Advisors LLC acquired a new stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) during the 2nd quarter, Holdings Channel reports. The fund acquired 3,301 shares of the bank’s stock, valued at approximately $477,000.

Several other large investors have also bought and sold shares of BNY. Revolve Wealth Partners LLC bought a new position in shares of Bank of New York Mellon during the fourth quarter valued at $220,000. Sivia Capital Partners LLC raised its position in Bank of New York Mellon by 36.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock worth $309,000 after buying an additional 909 shares during the last quarter. Jump Financial LLC purchased a new position in Bank of New York Mellon in the 2nd quarter worth about $2,482,000. Treasurer of the State of North Carolina lifted its stake in Bank of New York Mellon by 1.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock valued at $30,466,000 after acquiring an additional 5,445 shares during the period. Finally, Osterweis Capital Management Inc. grew its stake in shares of Bank of New York Mellon by 11,890.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock worth $109,000 after acquiring an additional 1,189 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

Bank of New York Mellon Stock Performance

Shares of BNY opened at $159.88 on Thursday. 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 business has a 50-day simple moving average of $153.24 and a two-hundred day simple moving average of $136.19. The stock has a market cap of $108.48 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.16 and a beta of 1.06. Bank of New York Mellon Corporation has a 52 week low of $99.67 and a 52 week high of $165.68.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates 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%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 EPS. On average, analysts expect that Bank of New York Mellon Corporation will post 9.26 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Erste Group Bank assumed coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating on the stock. Weiss Ratings lowered shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Wells Fargo & Company increased their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Citigroup raised their price target on Bank of New York Mellon from $167.00 to $172.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada upped their price objective on 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 issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.13.

About Bank of New York Mellon

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.