Rep. Lisa C. McClain Purchases Shares of The Bank of New York Mellon Corporation (NYSE:BK)

Key Points

• Representative Lisa C. McClain purchased shares of The Bank of New York Mellon Corporation (NYSE:BK) valued between $1,001 and $15,000 on June 17th, 2025.
• Bank of New York Mellon recently declared a quarterly dividend of $0.53 per share, up from $0.47, reflecting positive growth with a dividend yield of 2.1%.
• The bank’s quarterly earnings exceeded analysts' expectations with $1.94 earnings per share, while revenues increased by 9.4% compared to the same quarter last year.

Representative Lisa C. McClain (R-Michigan) recently bought shares of The Bank of New York Mellon Corporation NYSE: BK. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of New York Mellon stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Bank of New York Mellon Stock Up 0.8%

NYSE BK traded up $0.7660 on Friday, reaching $102.5460. 3,471,633 shares of the stock traded hands, compared to its average volume of 3,302,293. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average price of $96.97 and a 200-day moving average price of $88.64. The company has a market cap of $72.32 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.97 and a beta of 1.12. The Bank of New York Mellon Corporation has a 12 month low of $65.50 and a 12 month high of $104.47.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its earnings results on Tuesday, July 15th. The bank reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.21. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.80 billion. Bank of New York Mellon had a return on equity of 13.46% and a net margin of 12.27%.Bank of New York Mellon's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. As a group, research analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were given a dividend of $0.53 per share. This is a boost from Bank of New York Mellon's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, July 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.1%. Bank of New York Mellon's dividend payout ratio is presently 32.37%.

Insider Buying and Selling

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $98.45, for a total value of $1,969,000.00. Following the completion of the sale, the executive vice president directly owned 35,115 shares in the company, valued at approximately $3,457,071.75. This trade represents a 36.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BK. Westside Investment Management Inc. raised its stake in Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank's stock valued at $26,000 after buying an additional 127 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Bank of New York Mellon in the first quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in Bank of New York Mellon in the first quarter valued at about $25,000. Parvin Asset Management LLC purchased a new stake in Bank of New York Mellon in the fourth quarter valued at about $25,000. Finally, Hoey Investments Inc. purchased a new stake in Bank of New York Mellon in the second quarter valued at about $32,000. 85.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BK. Wells Fargo & Company lifted 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 research report on Wednesday, July 16th. Evercore ISI lifted 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 research report on Wednesday, July 2nd. Morgan Stanley lifted their target price on Bank of New York Mellon from $95.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their target price on Bank of New York Mellon from $105.00 to $113.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Truist Financial boosted their price target on Bank of New York Mellon from $100.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Bank of New York Mellon has an average rating of "Moderate Buy" and an average target price of $95.08.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Bank of New York Mellon

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.