Some The Bank of New York Mellon Corporation (NYSE:BK) shareholders may be a little concerned to see that insider Catherine Keating recently sold a substantial US$1.7m worth of stock at a price of US$55.01 per share. That's a big disposal, and it decreased their holding size by 45%, which is notable but not too bad.
View our latest analysis for Bank of New York Mellon
Bank of New York Mellon Insider Transactions Over The Last Year
In fact, the recent sale by Catherine Keating was the biggest sale of Bank of New York Mellon shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$54.81. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
In the last year Bank of New York Mellon insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Does Bank of New York Mellon Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Bank of New York Mellon insiders own 0.1% of the company, worth about US$52m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Bank of New York Mellon Insiders?
Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Bank of New York Mellon makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Bank of New York Mellon you should be aware of.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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