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Stolper Co added a $7.27M stake in BNY Mellon, which beat earnings estimates and raised its dividend.
Stolper Co held a $7.27 million stake in Bank of New York Mellon (BK), representing about 2.4% of its portfolio and its 15th largest holding, after selling 1,330 shares in Q2 2021.
The bank reported $4.77 billion in revenue, a 9.4% year-over-year increase, and earnings per share of $1.94, beating estimates by $0.21.
It posted a 13.46% return on equity and a 12.27% net margin.
Executive vice president J Kevin McCarthy sold 20,000 shares, reducing his ownership by 36.29%.
Redhawk Wealth Advisors increased its stake by 3.7% to 12,972 shares.
The company paid a $0.53 quarterly dividend, yielding 2.0% annually.
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Stolper Co agregó una participación de $7.27M en BNY Mellon, que superó las estimaciones de ganancias y aumentó su dividendo.