PFA Pension Forsikringsaktieselskab Takes $95 Million Position in BNY $BK

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new stake of 812,884 shares in BNY (NYSE:BK) in Q4, valued at about $95 million
• BNY beat expectations for the quarter, reporting $2.25 EPS vs. $1.94 estimated and revenue of $5.41 billion (vs. $5.14B), with revenue up 12.9% year‑over‑year.
• Insiders have been net sellers recently: EVP J. Kevin McCarthy sold 30,000 shares for about $4.1 million, and insiders sold 48,091 shares totaling roughly $6.57 million over the last 90 days.

PFA Pension Forsikringsaktieselskab acquired a new stake in BNY (NYSE:BK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 812,884 shares of the bank's stock, valued at approximately $95,002,000. PFA Pension Forsikringsaktieselskab owned about 0.12% of BNY at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BNY during the 4th quarter worth approximately $27,000. Marquette Asset Management LLC lifted its stake in shares of BNY by 174.7% during the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank's stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of BNY during the 3rd quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of BNY during the 4th quarter worth approximately $46,000. Finally, Westside Investment Management Inc. lifted its stake in shares of BNY by 44.1% during the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank's stock worth $45,000 after acquiring an additional 127 shares during the last quarter. 85.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP J Kevin Mccarthy sold 30,000 shares of BNY stock in a transaction on Friday, April 17th. The stock was sold at an average price of $136.50, for a total value of $4,095,000.00. Following the transaction, the executive vice president directly owned 50,238 shares in the company, valued at approximately $6,857,487. This trade represents a 37.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shannon Marie Hobbs sold 297 shares of BNY stock in a transaction on Friday, April 17th. The shares were sold at an average price of $137.05, for a total value of $40,703.85. Following the completion of the transaction, the vice president owned 15,206 shares in the company, valued at $2,083,982.30. This represents a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,091 shares of company stock valued at $6,568,423. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

BK has been the subject of a number of research analyst reports. Weiss Ratings raised BNY from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, March 11th. Citigroup initiated coverage on BNY in a research note on Monday, February 23rd. They set a "neutral" rating for the company. Royal Bank Of Canada raised their price target on BNY from $130.00 to $142.00 and gave the stock a "sector perform" rating in a research note on Friday, April 17th. Wells Fargo & Company raised their price target on BNY from $119.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on BNY from $128.50 to $130.50 and gave the stock an "overweight" rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.35.

BNY Trading Down 0.4%

BK opened at $133.81 on Friday. The stock's fifty day moving average is $122.91 and its two-hundred day moving average is $117.64. The company has a market capitalization of $92.09 billion, a P/E ratio of 16.58, a PEG ratio of 0.98 and a beta of 1.06. BNY has a 52 week low of $81.12 and a 52 week high of $139.15. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.82.

BNY (NYSE:BK - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $1.94 by $0.31. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. BNY had a return on equity of 15.29% and a net margin of 14.60%.BNY's quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. Analysts forecast that BNY will post 8.76 earnings per share for the current year.

BNY Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, April 27th. BNY's dividend payout ratio (DPR) is presently 26.27%.

About BNY

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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