NEOS Investment Management LLC increased its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 13.9% in the third quarter, bringing its total holdings to 81,207 shares valued at $8.85 million. This increase comes as several analysts have recently raised their price targets for BNY Mellon, contributing to a consensus “Moderate Buy” rating with a target price of $131.92. The company also announced a quarterly dividend of $0.53, yielding approximately 1.8%, while its stock trades near $118.82 with a market capitalization of roughly $82.9 billion.
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The Bank of New York Mellon Corporation $BK Shares Purchased by NEOS Investment Management LLC
NEOS Investment Management LLC increased its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 13.9% in the third quarter, bringing its total holdings to 81,207 shares valued at $8.85 million. This increase comes as several analysts have recently raised their price targets for BNY Mellon, contributing to a consensus “Moderate Buy” rating with a target price of $131.92. The company also announced a quarterly dividend of $0.53, yielding approximately 1.8%, while its stock trades near $118.82 with a market capitalization of roughly $82.9 billion.