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Insider Trends: Bank of New York Mellon Sees 90 Days of Insider Buying Trend Interrupting with Share Sale

05/07/2021 12:44

04:34 PM EDT, 05/07/2021 (MT Newswires) -- J Kevin McCarthy, SEVP & General Counsel, on May 06, 2021, sold 12,500 shares in Bank of New York Mellon (BK) for $645,658. McCarthy, subsequent to the transactions delineated in the SEC Form 4 filing, has 102,214 shares of the company, with a market value, based on the prior-day closing price, of $5.30 million.

Over the last 90 days, prior to the date of this filing, there have been 61 insider transactions reported to the SEC for Bank of New York Mellon. These transactions came from the activities of 20 individual insiders that resulted in a net acquisition of 269,726 company shares. In the preceding 90-day window of time, there were 8 transactions from 8 insiders that resulted in the net disposition of 1,649 shares.

This level of insider transactions is lower than the peer group average in the 38-company Investment Management & Fund Operators peer group over the last 90-day period. Activity in the peer group averaged 111.1 transactions per company, and disposition of 45,677 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1390777/000120919121030923/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.