The Bank of New York Mellon Corporation

New York Stock Exchange
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Somewhat Bullish +35

Bank of New York Mellon Corporation $BNY Shares Sold by Hsbc Holdings ...

AI-generated analysis

📉 Hsbc Holdings PLC sold 280,944 shares of BNY in Q4, reducing its stake to 0.34% worth $274.7 million.

📈 MCF Advisors LLC increased its BNY holdings by 74.8%, while Marquette Asset Management LLC grew its position by 174.7%.

💰 Citigroup raised its price target for BNY to $167, maintaining a neutral rating in a recent research note.

📊 Keefe, Bruyette & Woods upgraded their price target to $150 and assigned an outperform rating to the stock.

🏦 The company has a market capitalization of $100.4 billion and trades at a PE ratio of 18.13.

💵 BNY paid a quarterly dividend of $0.53 per share, resulting in an annualized yield of 1.4%.

📉 Insiders sold a total of 48,091 shares worth over $6.5 million over the last three months.

📈 The stock currently trades at $146.27, above its 50-day moving average of $139.51.

🏛️ Bank of New York Mellon is a global financial services firm formed in 2007 with roots dating back to 1784.

Bullish Signals
  • Citigroup increased its price target for BNY from $136.00 to $167.00, indicating potential upside relative to current market prices.
  • Keefe, Bruyette & Woods raised their price target to $150.00 and issued an outperform rating, signaling strong analyst confidence.
  • The stock is trading above its 50-day moving average of $139.51 and 200-day moving average of $126.96, suggesting short-to-medium term momentum.
  • Several institutional investors, including MCF Advisors LLC and Marquette Asset Management LLC, significantly increased their stakes in Q4.
Risk Factors
  • Hsbc Holdings PLC, a major institutional holder, reduced its stake by 10.6% during the fourth quarter.
  • Insiders have sold a net total of 48,091 shares worth over $6.5 million over the last three months.
  • The consensus analyst rating is Moderate Buy with a price target of $142.77, which is below the current trading price of $146.27.
Full Analysis
Hsbc Holdings PLC reduced its stake in Bank of New York Mellon Corporation (NYSE: BNY) by 10.6% during the fourth quarter, selling 280,944 shares and retaining a position worth approximately $274.7 million representing 0.34% of the company's stock. Conversely, several smaller institutional investors increased their holdings in BNY during the same period. MCF Advisors LLC grew its stake by 74.8%, Marquette Asset Management LLC increased its position by 174.7%, and other firms like Abound Financial LLC and Heritage Wealth Advisors initiated new positions valued between $25,000 and $31,000. Analyst sentiment remains mixed but generally positive regarding the stock's valuation. Citigroup raised its price target to $167 with a neutral rating, while Keefe, Bruyette & Woods upgraded the target to $150 with an outperform rating. The consensus price target stands at $142.77, slightly below the current trading price of $146.27. Insider activity shows net selling over the last three months, with VP Shannon Marie Hobbs and insider Kurtis R. Kurimsky reducing their holdings by 1.92% and 23.46% respectively, totaling sales worth over $6.5 million. The company maintains a dividend yield of 1.4% and operates as a major global financial services firm with a market cap of $100.4 billion.