Sumitomo Mitsui DS Asset Management Company Ltd Has $39.46 Million Position in BNY $BK

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in BNY (NYSE:BK - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,868 shares of the bank's stock after acquiring an additional 103,514 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in BNY were worth $39,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BK. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BNY in the 4th quarter valued at $27,000. Marquette Asset Management LLC grew its holdings in BNY by 174.7% in the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank's stock worth $30,000 after purchasing an additional 166 shares during the period. Valley Wealth Managers Inc. bought a new stake in BNY in the third quarter valued at $33,000. Westside Investment Management Inc. raised its holdings in shares of BNY by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank's stock valued at $45,000 after purchasing an additional 127 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of BNY during the fourth quarter valued at about $46,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BNY

In related news, insider Kurtis R. Kurimsky sold 5,290 shares of the firm's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.02, for a total transaction of $719,545.80. Following the completion of the sale, the insider owned 17,259 shares in the company, valued at approximately $2,347,569.18. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shannon Marie Hobbs sold 297 shares of BNY stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the sale, the vice president directly owned 15,206 shares in the company, valued at approximately $2,083,982.30. This represents a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,091 shares of company stock worth $6,568,423 in the last ninety days. Corporate insiders own 0.17% of the company's stock.

BNY Stock Performance

Shares of BK opened at $132.33 on Wednesday. The stock has a 50 day moving average of $123.19 and a 200 day moving average of $117.96. The company has a market capitalization of $91.07 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.97 and a beta of 1.08. BNY has a 12 month low of $81.12 and a 12 month high of $139.15. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82.

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

BNY Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on BK. New Street Research set a $143.00 price objective on shares of BNY in a research note on Wednesday, January 14th. Wells Fargo & Company boosted their target price on shares of BNY from $119.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of BNY from a "buy (a-)" rating to a "buy (a)" rating in a report on Monday. TD Cowen raised their price target on shares of BNY from $133.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Finally, Barclays lifted their price target on BNY from $143.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.35.

BNY Company 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.

Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BNY (NYSE:BK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.