Aware Super Pty Ltd as trustee of Aware Super Acquires New Stake in Bank of New York Mellon Corporation $BNY

Key Points

• Aware Super acquired 25,500 BNY shares in the third quarter, valued at approximately $3.69 million.
• Institutional investors and hedge funds own 85.31% of BNY shares; company executives sold 60,560 shares worth about $9.01 million over the past three months.
• BNY beat quarterly earnings expectations, reporting $2.37 per share versus a $2.26 consensus, while revenue rose 11.7% year over year to $5.68 billion.

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,500 shares of the bank's stock, valued at approximately $3,688,000.

Several other institutional investors also recently bought and sold shares of BNY. BlackRock Inc. acquired a new position in Bank of New York Mellon during the 2nd quarter valued at about $8,321,111,000. Bank of America Corp DE acquired a new stake in Bank of New York Mellon in the second quarter worth about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bank of New York Mellon in the second quarter worth about $1,214,193,000. Wellington Management Group LLP acquired a new stake in Bank of New York Mellon in the second quarter worth about $1,175,576,000. Finally, Amundi purchased a new stake in shares of Bank of New York Mellon during the second quarter worth about $985,533,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Jose Minaya sold 3,520 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the transaction, the vice president directly owned 173,304 shares in the company, valued at $25,616,064.24. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robin Vince sold 40,620 shares of the business's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $147.81, for a total transaction of $6,004,042.20. Following the transaction, the chief executive officer owned 585,174 shares of the company's stock, valued at $86,494,568.94. This represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 60,560 shares of company stock valued at $9,007,119. 0.17% of the stock is currently owned by corporate insiders.

Bank of New York Mellon Trading Up 1.0%

Bank of New York Mellon stock opened at $149.25 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86. Bank of New York Mellon Corporation has a 52 week low of $105.42 and a 52 week high of $165.84. The company has a market capitalization of $100.43 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.02. The stock has a 50-day moving average price of $151.10 and a 200 day moving average price of $139.53.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.11. The company had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company's revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BNY shares. Keefe, Bruyette & Woods restated an "outperform" rating on shares of Bank of New York Mellon in a report on Friday, October 16th. TD Cowen initiated coverage on shares of Bank of New York Mellon in a research note on Thursday, October 8th. They issued a "hold" rating and a $160.00 target price for the company. Erste Group Bank began 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. Barclays boosted their target price on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Finally, Citigroup cut their price target on shares of Bank of New York Mellon from $160.00 to $157.00 and set a "neutral" rating on the stock in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and an average price target of $165.04.

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.

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