<div id="readability-page-1"><p>SteelPeak Wealth LLC lessened its stake in  BNY (NYSE:BK - Free Report) by 87.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,448 shares of the bank's stock after selling 24,677 shares during the quarter. SteelPeak Wealth LLC's holdings in BNY were worth $400,000 as of its most recent filing with the SEC.</p><ul><li>3 Satellite Stocks To Check Out Before SpaceX's IPO</li></ul><p>Other institutional investors and hedge funds have also made changes to their positions in the company. Marquette Asset Management LLC lifted its stake in  BNY by 174.7% in the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank's stock worth $30,000 after acquiring an additional 166 shares during the last quarter.  Valley Wealth Managers Inc. purchased a new stake in shares of  BNY in the 3rd quarter valued at approximately $33,000.  Caldwell Trust Co acquired a new stake in shares of  BNY in the 2nd quarter valued at $36,000.  Westside Investment Management Inc. raised its holdings in shares of  BNY by 44.1% in the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank's stock valued at $45,000 after purchasing an additional 127 shares in the last quarter.  Finally, Dunhill Financial LLC lifted its position in shares of  BNY by 130.8% during the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank's stock worth $47,000 after purchasing an additional 242 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts recently commented on BK shares. New Street Research  set a $143.00 target price on shares of BNY in a research note on Wednesday, January 14th. Keefe, Bruyette &amp; Woods lifted their price target on BNY from $132.00 to $143.00 and gave the stock an &#34;outperform&#34; rating in a report on Wednesday, January 14th. Wells Fargo &amp; Company upped their price objective on BNY from $119.00 to $122.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Wednesday, January 14th. TD Cowen increased their price objective on BNY from $133.00 to $145.00 and gave the company a &#34;buy&#34; rating in a report on Wednesday, January 7th. Finally, Barclays raised their target price on BNY from $120.00 to $143.00 and gave the stock an &#34;overweight&#34; rating in a research report on Monday, January 5th. One investment analyst  has rated the stock with a Strong Buy rating, six have issued  a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $132.67.</p><ul><li>Quiet BNY and Northern Trust Reward Patient Investors</li></ul><p><b>View Our Latest Report on BNY</b></p><h2>BNY Price Performance</h2><p>Shares of BK opened at $122.21 on Monday. 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 1-year low of $70.46 and a 1-year high of $128.76. The stock has a market cap of $84.11 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06. The firm has a fifty day moving average price of $118.53 and a 200 day moving average price of $114.54. </p><ul><li>3 Under-the-Radar AI Infrastructure Stocks Powering the Next Buildout</li></ul><p>BNY (NYSE:BK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 13th. The bank reported $2.08 earnings per share (EPS) 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 company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter last year, the company posted $1.72 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year.  As a group, sell-side analysts anticipate that  BNY will post 6.96 EPS for the current year. </p><h2>BNY Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $2.12 annualized dividend and a yield of 1.7%. BNY's payout ratio is 28.61%. </p><h2>About BNY</h2> (Free Report)<p>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. </p><p>BNY operates at the center of the world's capital markets, partnering with clients to help them operate more efficiently and accelerate growth.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than BNY</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJL?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJL"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in BNY Right Now?</h2><p>Before you consider BNY, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BNY wasn't on the list.</p><p>While BNY currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>SteelPeak Wealth LLC reduced its stake in BNY (NYSE:BK) by 87.7% in Q4, owning 3,448 shares after selling 24,677 shares. Other institutional investors also adjusted their positions, with Marquette Asset Management increasing its stake by 174.7%. Analysts have set target prices for BNY shares, with an average rating of "Moderate Buy" and a target price of $132.67. BNY reported $2.08 EPS for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.53 per share, yielding 1.7%.</p>

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SteelPeak Wealth LLC Cuts Holdings in BNY $BK