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bank of new york mellon receives multiple target price upgrades from analysts
Deutsche Bank raised its target price for Bank of New York Mellon to $98, maintaining a "buy" rating, while Wells Fargo increased its target to $96 with an "equal weight" rating. Analysts show a consensus of ten buy ratings and six holds, with an average price target of $89.71. The bank reported a quarterly EPS of $1.72, exceeding estimates, and declared a dividend of $0.47 per share, yielding 2.22%.
Truist Financial has seen several analysts adjust their target prices, with Barclays and Raymond James both raising theirs to $51, while Goldman Sachs increased it to $60. The company currently holds a "Moderate Buy" rating, with an average target price of $50.79. Institutional investors own 71.28% of the stock, which recently reported a quarterly EPS of $0.91, surpassing estimates.
b riley upgrades spok to buy with increased price target
B. Riley upgraded Spok Holdings, Inc. from "neutral" to "buy," raising the price target from $15.00 to $20.00. The company reported a quarterly EPS of $0.18, missing estimates, and announced a quarterly dividend of $0.3125, reflecting a 7.82% yield. Institutional investors hold 50.81% of Spok's stock.
hsbc stock sees institutional investment surge amid mixed analyst recommendations
JPMorgan Chase & Co. increased its stake in HSBC Holdings plc by 103.6% in Q3, now holding 56,860 shares valued at $2.57 million. Other institutional investors also boosted their positions significantly, with HSBC shares recently trading at $51.41, reflecting a 1.5% increase. The company announced a quarterly dividend of $0.50, yielding 3.89% annually.
hightower acquires nepc to enhance wealth management and investment capabilities
Hightower has acquired a controlling stake in NEPC, enhancing its capabilities in wealth management and OCIO services. This partnership combines $258 billion in assets under management and $1.8 trillion in advisory assets, allowing Hightower to better serve high-net-worth clients seeking private market investments. NEPC retains its autonomy while gaining access to Hightower's retail client base, reflecting a growing trend of convergence between wealth management and institutional consulting.
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