ABN AMRO Bank N.V. Purchases Shares of 7,528 BNY $BK

ABN AMRO Bank N.V. purchased a new stake in BNY (NYSE:BK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,528 shares of the bank’s stock, valued at approximately $876,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Income Insurance Ltd purchased a new stake in BNY during the 4th quarter worth $246,000. Advisor OS LLC raised its holdings in shares of BNY by 7.6% during the fourth quarter. Advisor OS LLC now owns 3,470 shares of the bank’s stock valued at $403,000 after buying an additional 245 shares during the last quarter. Midwest Trust Co grew its holdings in BNY by 16.9% in the 4th quarter. Midwest Trust Co now owns 5,007 shares of the bank’s stock worth $581,000 after buying an additional 724 shares in the last quarter. NewEdge Wealth LLC increased its position in BNY by 105.3% in the 4th quarter. NewEdge Wealth LLC now owns 20,267 shares of the bank’s stock valued at $2,353,000 after acquiring an additional 10,394 shares during the period. Finally, Stiles Financial Services Inc raised its stake in BNY by 53.8% during the 4th quarter. Stiles Financial Services Inc now owns 5,532 shares of the bank’s stock valued at $642,000 after acquiring an additional 1,934 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

BNY Trading Up 1.5%

NYSE:BK opened at $132.44 on Tuesday. The company has a market capitalization of $91.15 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.96 and a beta of 1.08. The stock’s 50 day moving average price is $124.26 and its 200 day moving average price is $118.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. BNY has a 52 week low of $86.52 and a 52 week high of $139.15.

BNY (NYSE:BK) last posted its earnings results on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $1.94 by $0.31. BNY had a net margin of 14.60% and a return on equity of 15.29%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts forecast that BNY will post 8.76 EPS for the current fiscal year.

BNY Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Monday, April 27th were issued a $0.53 dividend. The ex-dividend date was Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.6%. BNY’s dividend payout ratio is currently 26.27%.

Analyst Upgrades and Downgrades

BK has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada upped their price objective on shares of BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a report on Friday, April 17th. Morgan Stanley raised their price objective on shares of BNY from $135.00 to $139.00 and gave the company an “equal weight” rating in a research note on Friday, April 17th. Evercore set a $136.00 price objective on shares of BNY in a research note on Friday, April 17th. Finally, Truist Financial raised their target price on shares of BNY from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.08.

Insider Buying and Selling at BNY

In other news, insider Kurtis R. Kurimsky sold 5,290 shares of BNY stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $136.02, for a total value of $719,545.80. Following the transaction, the insider owned 17,259 shares of the company’s stock, valued at $2,347,569.18. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alejandro Perez sold 12,504 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $137.01, for a total value of $1,713,173.04. Following the sale, the executive vice president owned 62,613 shares of the company’s stock, valued at approximately $8,578,607.13. The trade was a 16.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 48,091 shares of company stock valued at $6,568,423. Company insiders own 0.17% of the company’s stock.

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.