Rep. Val T. Hoyle Sells The Bank of New York Mellon Corporation (NYSE:BK) Shares

Key Points

• Representative Val T. Hoyle sold shares of The Bank of New York Mellon Corporation for an amount between $1,001 and $15,000 on September 23rd, as disclosed in a filing on October 10th.
• The Bank of New York Mellon recently increased its quarterly dividend from $0.47 to $0.53, representing an annualized dividend yield of 2.0%.
• Analysts have upgraded their target prices for Bank of New York Mellon, with recommendations ranging from "hold" to "buy," reflecting positive sentiment on the stock's performance.

Representative Val T. Hoyle (D-Oregon) recently sold shares of The Bank of New York Mellon Corporation NYSE: BK. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Bank of New York Mellon stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.
• Sold $1,001 - $15,000 in shares of GSK NYSE: GSK on 9/23/2025.

Bank of New York Mellon Trading Down 2.1%

BK opened at $104.63 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. The Bank of New York Mellon Corporation has a fifty-two week low of $70.46 and a fifty-two week high of $110.87. The firm has a market capitalization of $73.79 billion, a PE ratio of 15.97, a P/E/G ratio of 1.00 and a beta of 1.13. The company's 50-day moving average is $105.10 and its 200 day moving average is $93.68.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its earnings results on Tuesday, March 26th. The bank reported $1.30 earnings per share for the quarter. Bank of New York Mellon had a net margin of 12.27% and a return on equity of 13.46%. The company had revenue of $4.38 billion for the quarter. As a group, research analysts predict that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Friday, July 25th were issued a $0.53 dividend. The ex-dividend date was Friday, July 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Bank of New York Mellon's previous quarterly dividend of $0.47. Bank of New York Mellon's dividend payout ratio (DPR) is currently 32.37%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Bank of New York Mellon from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Thursday, October 2nd. Morgan Stanley upped their price objective on shares of Bank of New York Mellon from $101.00 to $116.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Bank of New York Mellon in a research report on Wednesday. Evercore ISI upped their price objective on shares of Bank of New York Mellon from $91.00 to $110.00 and gave the stock an "in-line" rating in a research report on Tuesday, September 30th. Finally, Citigroup upped their price objective on shares of Bank of New York Mellon from $92.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Canada Post Corp Registered Pension Plan bought a new position in shares of Bank of New York Mellon during the 1st quarter valued at approximately $1,035,000. TrueMark Investments LLC bought a new position in shares of Bank of New York Mellon during the 1st quarter valued at approximately $4,282,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Bank of New York Mellon by 29.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 223,438 shares of the bank's stock worth $18,740,000 after buying an additional 50,368 shares during the period. Formidable Asset Management LLC bought a new position in Bank of New York Mellon in the 1st quarter worth approximately $247,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Bank of New York Mellon by 121.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 183,602 shares of the bank's stock worth $15,399,000 after buying an additional 100,810 shares during the period. 85.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP J Kevin Mccarthy sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $98.45, for a total value of $1,969,000.00. Following the completion of the transaction, the executive vice president directly owned 35,115 shares of the company's stock, valued at approximately $3,457,071.75. This trade represents a 36.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company's stock.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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.

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