Mellon Financial Services Reports Significant Lobbying and Stock Activity
MELLON FINANCIAL SERVICES CORPORATE #1 (formerly BANK OF NEW YORK MELLON CORP.) disclosed $50,000 of lobbying expenses for Q4 of 2024, focused on issues such as legislation and regulation affecting custody banking. For additional insights on corporate lobbying activities, visit Quiver Quantitative.
Congressional Trading of BK Stock
In the last six months, members of Congress have engaged in trading $BK stock once, which included one sale and no purchases. This indicates limited congressional interest in the stock. For detailed trading activities by Congress members, check out Quiver Quantitative’s congressional trading dashboard.
Insider Trading Activity for BK
Insiders of BK have executed three trades in the open market over the past six months, all of which were sales. Notable transactions include:
- HANNEKE SMITS (Sr. Exec. Vice President) completed two trades, selling a total of 31,474 shares.
- J KEVIN MCCARTHY (SEVP & General Counsel) sold 25,000 shares.
For further details on insider transactions, visit Quiver Quantitative’s insider trading dashboard.
Recent Hedge Fund Activity with BK Stock
There has been noteworthy activity among institutional investors regarding BK stock. In the latest quarter, 543 investors added shares, while 550 reduced their holdings. Recent significant moves include:
- FMR LLC increased its portfolio by adding 8,512,404 shares (+78.6%) in Q3 2024.
- DODGE & COX decreased its holdings by removing 6,246,833 shares (-11.4%) in Q3 2024.
- WELLINGTON MANAGEMENT GROUP LLP saw a massive increase, adding 3,142,869 shares (+2707.1%) in Q3 2024.
- CITADEL ADVISORS LLC significantly reduced its portfolio, removing 2,979,603 shares (-87.0%) in Q3 2024.
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 2,153,399 shares (+48.1%) in Q3 2024.
- AMUNDI trimmed its position by removing 2,132,898 shares (-23.3%) in Q3 2024.
- DAVIS SELECTED ADVISERS cut down 2,083,933 shares (-28.0%) in Q3 2024.
To stay updated on hedge fund activities, visit Quiver Quantitative’s institutional holdings dashboard.
This article is not financial advice. For more information, refer to Quiver Quantitative’s disclaimers.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
