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Newbridge Financial Services Group Inc. Raises Position in The Bank of New York Mellon Corporation $BK
Newbridge Financial Services Group Inc. significantly increased its stake in The Bank of New York Mellon Corporation in the third quarter, boosting its holdings by 159,255.6% to 28,684 shares. This move, along with increased positions from other institutional investors, resulted in institutions owning 85.31% of the bank’s stock. BNY Mellon reported strong Q3 financials with $1.91 EPS, $5.07 billion in revenue, and pays a $0.53 quarterly dividend, while analysts maintain a “Moderate Buy” rating with a consensus target of $131.92.