Boston Common Asset Management LLC Purchases 40,941 Shares of BNY $BK

Boston Common Asset Management LLC lifted its position in BNY (NYSE:BK) by 37.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,204 shares of the bank’s stock after buying an additional 40,941 shares during the period. Boston Common Asset Management LLC’s holdings in BNY were worth $17,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in BNY in the fourth quarter valued at about $220,000. Sivia Capital Partners LLC grew its stake in shares of BNY by 36.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock valued at $309,000 after purchasing an additional 909 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of BNY during the 2nd quarter valued at about $165,000. Northwestern Mutual Wealth Management Co. increased its position in shares of BNY by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 104,969 shares of the bank’s stock valued at $9,564,000 after purchasing an additional 932 shares during the last quarter. Finally, Level Four Advisory Services LLC purchased a new stake in shares of BNY during the 2nd quarter valued at about $240,000. Institutional investors own 85.31% of the company’s stock.

BNY Trading Up 0.4%

BNY stock opened at $115.18 on Tuesday. The firm has a 50 day moving average of $118.41 and a 200 day moving average of $114.12. The firm has a market capitalization of $79.27 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.07 and a beta of 1.10. BNY has a 12-month low of $70.46 and a 12-month high of $128.76. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81.

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

BNY Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors 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 dividend on an annualized basis and a dividend yield of 1.8%. BNY’s payout ratio is 28.61%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BK shares. Wells Fargo & Company raised their price objective on shares of BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. TD Cowen increased their price target on shares of BNY from $133.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Morgan Stanley lifted their price target on shares of BNY from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods boosted their price objective on shares of BNY from $132.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada upped their price objective on BNY from $124.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, BNY presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.92.

BNY Company Profile

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.