Isthmus Partners LLC Sells 4,566 Shares of BNY $BK

Isthmus Partners LLC lessened its position in BNY (NYSE:BK) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,819 shares of the bank’s stock after selling 4,566 shares during the period. BNY makes up 2.1% of Isthmus Partners LLC’s portfolio, making the stock its 8th biggest position. Isthmus Partners LLC’s holdings in BNY were worth $19,018,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in BNY in the 4th quarter valued at about $27,000. Marquette Asset Management LLC grew its position in BNY by 174.7% in the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock valued at $30,000 after buying an additional 166 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in BNY in the 3rd quarter valued at about $33,000. Westside Investment Management Inc. grew its position in BNY by 44.1% in the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock valued at $45,000 after buying an additional 127 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in BNY in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling at BNY

In other news, VP Shannon Marie Hobbs sold 297 shares of the firm’s 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 completion of the transaction, the vice president owned 15,206 shares in the company, valued at approximately $2,083,982.30. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the transaction, the executive vice president owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This trade represents a 37.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 48,091 shares of company stock worth $6,568,423. Company insiders own 0.17% of the company’s stock.

BNY Stock Performance

NYSE:BK opened at $134.89 on Friday. BNY has a twelve month low of $87.41 and a twelve month high of $139.15. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $125.55 and a 200-day moving average of $119.35. The firm has a market cap of $92.84 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.08.

BNY (NYSE:BK) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.31. BNY had a net margin of 14.60% and a return on equity of 15.29%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts forecast that BNY will post 8.78 earnings per share for the current fiscal year.

BNY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Monday, April 27th were given a dividend of $0.53 per share. The ex-dividend date was Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. BNY’s dividend payout ratio (DPR) is 26.27%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BK shares. Truist Financial increased their target price on shares of BNY from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Citigroup started coverage on shares of BNY in a research report on Monday, February 23rd. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of BNY from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Evercore set a $136.00 target price on shares of BNY in a research report on Friday, April 17th. Finally, Royal Bank Of Canada increased their target price on shares of BNY from $130.00 to $142.00 and gave the company a “sector perform” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BNY currently has a consensus rating of “Moderate Buy” and an average target price of $138.08.

BNY 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.