Bank of New York Mellon Corp Buys New Stake in SoFi Technologies, Inc. $SOFI

Bank of New York Mellon Corp bought a new position in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,045,236 shares of the company's stock, valued at approximately $72,531,000. Bank of New York Mellon Corp owned about 0.32% of SoFi Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in shares of SoFi Technologies during the 4th quarter valued at approximately $25,000. Vermillion Wealth Management Inc. raised its stake in SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock valued at $26,000 after purchasing an additional 739 shares in the last quarter. Reflection Asset Management bought a new position in SoFi Technologies during the fourth quarter valued at $28,000. American Capital Advisory LLC lifted its position in SoFi Technologies by 456.7% during the fourth quarter. American Capital Advisory LLC now owns 1,297 shares of the company's stock valued at $34,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of SoFi Technologies by 232.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company's stock worth $34,000 after buying an additional 1,467 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $19.00 on Wednesday. The stock has a 50 day moving average price of $17.78 and a 200 day moving average price of $17.58. SoFi Technologies, Inc. has a 52-week low of $14.88 and a 52-week high of $32.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The firm has a market capitalization of $24.54 billion, a P/E ratio of 39.58 and a beta of 2.17.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.08 EPS. SoFi Technologies's quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts predict that SoFi Technologies, Inc. will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SOFI shares. Piper Sandler initiated coverage on shares of SoFi Technologies in a report on Monday, August 17th. They issued an "overweight" rating and a $22.00 target price on the stock. Truist Financial increased their price target on shares of SoFi Technologies from $18.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. The Goldman Sachs Group lifted their price target on SoFi Technologies from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Citigroup reduced their price objective on SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, May 4th. Finally, Needham & Company LLC decreased their price objective on SoFi Technologies from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.42.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFiUSD is driving renewed investor interest. SoFi is pursuing real-world payment applications for its stablecoin, including 24/7 transfers and an initial $300 million liquidity pool. The initiative is bringing SoFi into the broader stablecoin and cryptocurrency investment theme. SoFi Technologies Stablecoin Push: Can SoFiUSD Scale Payments?
• Positive Sentiment: Technical momentum improved. The stock moved back above key short- and intermediate-term trend lines and outperformed the largely flat financial sector, encouraging momentum-focused investors. Sofi Stock Is Trending: A Key Level Just Came Into Play
• Positive Sentiment: Fundamental execution remains supportive. A bullish analysis cited steady revenue and earnings growth, improving fundamentals, 11 consecutive quarters of meeting or exceeding analyst expectations, and an “everything app” strategy. The latest quarter included $1.21 billion in revenue, 42.5% year-over-year growth, and earnings above consensus. SoFi: The Everything App Thesis Is Playing Out
• Neutral Sentiment: Reported short interest was zero, providing no meaningful evidence of short-covering demand or bearish positioning.
• Negative Sentiment: An executive sold 11,286 shares worth approximately $203,000. Because the transaction was made under a pre-arranged Rule 10b5-1 plan and the executive retained more than 356,000 shares, the signal is limited but remains a modest overhang. Kelli Keough Sells 11,286 Shares of SoFi Technologies Stock
• Negative Sentiment: Valuation remains a risk. Shares trade at roughly 23 times forward earnings, while the analyst consensus is “Hold,” with some firms maintaining cautious ratings and targets below the current trading range.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares of the company's stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 11,286 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the sale, the executive vice president directly owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 136,505 shares of company stock worth $2,418,096. Company insiders own 2.50% of the company's stock.

SoFi Technologies Company Profile

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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