Trilogy Capital Inc. Sells 4,007 Shares of BNY $BK

Trilogy Capital Inc. lessened its position in shares of BNY (NYSE:BK) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,544 shares of the bank’s stock after selling 4,007 shares during the period. Trilogy Capital Inc.’s holdings in BNY were worth $3,430,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BNY in the fourth quarter valued at approximately $27,000. Marquette Asset Management LLC boosted its stake in shares of BNY by 174.7% in the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock valued at $30,000 after buying an additional 166 shares during the period. Valley Wealth Managers Inc. bought a new stake in shares of BNY in the third quarter valued at approximately $33,000. Caldwell Trust Co bought a new stake in shares of BNY in the second quarter valued at approximately $36,000. Finally, Westside Investment Management Inc. boosted its stake in shares of BNY by 44.1% in the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock valued at $45,000 after buying an additional 127 shares during the period. Institutional investors own 85.31% of the company’s stock.

BNY Stock Up 0.4%

NYSE BK opened at $128.48 on Friday. The business has a fifty day moving average price of $119.06 and a two-hundred day moving average price of $114.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71. BNY has a fifty-two week low of $72.50 and a fifty-two week high of $128.76. The stock has a market capitalization of $88.42 billion, a PE ratio of 17.34, a PEG ratio of 1.03 and a beta of 1.06.

BNY (NYSE:BK) last released its earnings results on Tuesday, January 13th. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.11. BNY had a return on equity of 14.37% and a net margin of 13.62%.The firm had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts expect that BNY will post 6.96 earnings per share for the current fiscal year.

BNY Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Friday, January 23rd. This represents a $2.12 annualized dividend and a yield of 1.7%. BNY’s dividend payout ratio is presently 28.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price target on BNY from $147.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. TD Cowen boosted their price target on BNY from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada boosted their price target on BNY from $124.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Weiss Ratings upgraded BNY from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, March 11th. Finally, Barclays boosted their price target on BNY from $120.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One equities research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $132.50.

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.