Rep. Julie Johnson Buys The Bank of New York Mellon Corporation (NYSE:BK) Shares

Representative Julie Johnson (D-Texas) recently bought shares of The Bank of New York Mellon Corporation NYSE: BK. In a filing disclosed on June 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of New York Mellon stock on May 15th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 6/30/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 6/18/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.

Bank of New York Mellon Price Performance

Shares of BK stock traded up $0.99 during trading hours on Friday, hitting $100.96. 4,123,316 shares of the company's stock were exchanged, compared to its average volume of 4,583,163. The firm has a 50 day moving average of $91.96 and a two-hundred day moving average of $85.99. The Bank of New York Mellon Corporation has a fifty-two week low of $60.93 and a fifty-two week high of $101.16. The company has a quick ratio of 0.69, a current ratio of 0.72 and a debt-to-equity ratio of 0.86. The firm has a market cap of $72.23 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.98 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The bank reported $1.94 EPS for the quarter, beating the consensus estimate of $1.73 by $0.21. Bank of New York Mellon had a return on equity of 13.46% and a net margin of 12.27%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the company earned $1.51 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Friday, July 25th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.10%. This is an increase from Bank of New York Mellon's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, July 25th. Bank of New York Mellon's dividend payout ratio is presently 28.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BK shares. Keefe, Bruyette & Woods increased their price target on Bank of New York Mellon from $105.00 to $113.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Truist Financial increased their price target on Bank of New York Mellon from $97.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Morgan Stanley raised their target price on Bank of New York Mellon from $95.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Evercore ISI raised their target price on Bank of New York Mellon from $88.00 to $90.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company raised their target price on Bank of New York Mellon from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $94.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BK. Alpine Bank Wealth Management purchased a new stake in Bank of New York Mellon during the first quarter worth $25,000. Opal Wealth Advisors LLC purchased a new stake in Bank of New York Mellon during the first quarter worth $25,000. Parvin Asset Management LLC acquired a new position in shares of Bank of New York Mellon in the fourth quarter worth $25,000. Hoey Investments Inc. acquired a new position in shares of Bank of New York Mellon in the second quarter worth $32,000. Finally, Bellwether Advisors LLC acquired a new position in shares of Bank of New York Mellon in the fourth quarter worth $28,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 30,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $79.03, for a total value of $2,370,900.00. Following the completion of the transaction, the executive vice president directly owned 55,115 shares of the company's stock, valued at $4,355,738.45. The trade was a 35.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.