158,233 Shares in Bank of New York Mellon Corporation $BNY Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 158,233 BNY shares during the second quarter, valued at approximately $22.9 million. Institutional investors and hedge funds collectively own 85.31% of the company.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $157.13; several firms recently raised their targets, including Barclays to $178 and Argus to $180.
• BNY reported quarterly earnings of $2.46 per share, beating estimates by $0.30, while revenue rose 13.3% year over year to $5.70 billion. Shares opened at $157.61, down 1.3%.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 158,233 shares of the bank's stock, valued at approximately $22,882,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in shares of Bank of New York Mellon during the 4th quarter worth approximately $220,000. Sivia Capital Partners LLC boosted its holdings in shares of 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 valued at $309,000 after purchasing an additional 909 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at $2,482,000. Treasurer of the State of North Carolina increased its stake in shares of Bank of New York Mellon by 1.7% in 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 purchasing an additional 5,445 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in shares of Bank of New York Mellon by 11,890.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank's stock worth $109,000 after buying an additional 1,189 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on BNY shares. JPMorgan Chase & Co. upped their price objective on Bank of New York Mellon from $149.00 to $159.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Wall Street Zen raised Bank of New York Mellon to a "hold" rating in a research note on Saturday, May 23rd. Erste Group Bank began coverage on shares of Bank of New York Mellon in a report on Wednesday, July 15th. They issued a "buy" rating for the company. Barclays raised their price target on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Finally, Argus lifted 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 report on Wednesday, July 22nd. Two equities 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.com, the stock has an average rating of "Moderate Buy" and an average price target of $157.13.

Insider Activity

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

Bank of New York Mellon Trading Down 1.3%

Shares of BNY stock opened at $157.61 on Friday. The firm has a market capitalization of $106.94 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.13 and a beta of 1.06. Bank of New York Mellon Corporation has a twelve month low of $100.44 and a twelve month high of $165.68. 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 stock's fifty day simple moving average is $153.55 and its 200 day simple moving average is $136.46.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last posted its earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, beating the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the company earned $1.93 earnings per share. The business's quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts predict that Bank of New York Mellon Corporation will post 9.26 EPS for the current fiscal year.

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.

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