Bank of New York Mellon (NYSE:BK) Stock Acquired Rep. Julie Johnson

Key Points

• Representative Julie Johnson purchased shares of Bank of New York Mellon (NYSE:BK) valued between $1,001 and $15,000 on July 18th.
• The company recently reported an earnings per share (EPS) of $1.94 for the last quarter, exceeding analysts' expectations of $1.73.
• Bank of New York Mellon announced an increase in its quarterly dividend to $0.53, reflecting a 2.1% yield and up from the previous $0.47.

Representative Julie Johnson (D-Texas) recently bought shares of The Bank of New York Mellon Corporation NYSE: BK. In a filing disclosed on August 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of New York Mellon stock on July 18th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 7/29/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 7/25/2025.
• Purchased $1,001 - $15,000 in shares of Packaging Corporation of America NYSE: PKG on 7/25/2025.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 7/25/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/25/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/24/2025.
• Sold $1,001 - $15,000 in shares of Philip Morris International NYSE: PM on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 7/22/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/22/2025.

Bank of New York Mellon Stock Up 1.0%

BK stock traded up $1.0320 during midday trading on Friday, hitting $102.8120. The stock had a trading volume of 781,671 shares, compared to its average volume of 4,183,324. The firm has a market cap of $72.51 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.12. The business has a 50-day moving average of $96.69 and a two-hundred day moving average of $88.50. The Bank of New York Mellon Corporation has a 52-week low of $65.50 and a 52-week high of $104.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The bank reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.21. Bank of New York Mellon had a return on equity of 13.46% and a net margin of 12.27%.The company had revenue of $4.77 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the prior year, the firm earned $1.51 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Friday, July 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, July 25th. This is a positive change from Bank of New York Mellon's previous quarterly dividend of $0.47. This represents a $2.12 annualized dividend and a yield of 2.1%. Bank of New York Mellon's payout ratio is currently 32.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BK shares. Truist Financial increased their target price on Bank of New York Mellon from $100.00 to $109.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Wells Fargo & Company increased their target price on Bank of New York Mellon from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Morgan Stanley increased their target price on Bank of New York Mellon from $95.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods increased their target price on Bank of New York Mellon from $105.00 to $113.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI increased their target price on Bank of New York Mellon from $88.00 to $90.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 2nd. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.08.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $98.45, for a total value of $1,969,000.00. Following the transaction, the executive vice president directly owned 35,115 shares of the company's stock, valued at approximately $3,457,071.75. This trade represents a 36.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Bank of New York Mellon

Several institutional investors have recently modified their holdings of BK. Parvin Asset Management LLC purchased a new stake in shares of Bank of New York Mellon during the fourth quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in Bank of New York Mellon in the first quarter worth about $25,000. Alpine Bank Wealth Management purchased a new position in Bank of New York Mellon in the first quarter worth about $25,000. Westside Investment Management Inc. boosted its position in Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank's stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new position in Bank of New York Mellon in the fourth quarter worth about $28,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.