BK's 1.02% Gains and 338th-Ranked $0.29 Billion Trading Volume Amid Analyst Price Hikes and Institutional Buying Spree

Generated by AI AgentAinvest Volume Radar
Thursday, Aug 28, 2025 6:43 pm ET1min read
BK
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Aime RobotAime Summary

- The Bank of New York Mellon (BK) rose 1.02% with a $0.29 billion trading volume (ranked 338th), as institutional investors adjusted holdings, including Taikang’s $4.22M stake and Comerica’s 9.3% increase.

- Analysts raised BK’s price targets to $109–$113, reflecting optimism, while the bank increased its quarterly dividend to $0.53/share (2.1% yield).

- EVP J Kevin McCarthy sold 20,000 shares (36.29% reduction), while Q2 earnings of $1.94/share exceeded estimates by $0.21, with 9.4% revenue growth to $4.77B.

On August 28, 2025, New had a trading volume of $0.29 billion, ranking 338th in the day's stock market. The Bank of New York Mellon (BK) rose 1.02%.

Corebridge Financial Inc. reduced its holdings in

BK
by 4.9%, selling 9,719 shares, leaving it with 187,274 shares valued at $15.7 million. Meanwhile,
Truist Financial
and Keefe, Bruyette & Woods raised BK's price targets to $109.00 and $113.00, respectively, reflecting optimism about its stock. The bank also increased its quarterly dividend to $0.53 per share, raising the annual yield to 2.1% from 1.9%.

Institutional investors adjusted their positions in BK during the first quarter. Taikang Asset Management Hong Kong acquired a new stake worth $4.22 million, while

Comerica
Bank and Freedom Investment Management Inc. increased their holdings by 9.3% and 44.9%, respectively. Conversely, Gamco Investors trimmed its stake by 2.0%, selling 30,925 shares.

Insider activity included the sale of 20,000 shares by EVP J Kevin McCarthy at $98.45 per share, reducing his ownership by 36.29%. BK reported Q2 earnings of $1.94 per share, exceeding estimates by $0.21, with revenue rising 9.4% year-over-year to $4.77 billion.

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