Institutional investors boost stakes in Bank of New York Mellon after strong Q3 earnings.

Pathstone Holdings and several other institutional investors have increased their stakes in Bank of New York Mellon (BK), which recently reported a strong Q3 with earnings of $1.52 per share, beating estimates. The company’s stock is rated "Moderate Buy" with an average price target of $77.23. Analysts like Barclays and Morgan Stanley have raised their price targets, while the company also declared a quarterly dividend of $0.47.

November 23, 2024
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