Bank of NY Mellon Invests Heavily in GSBC

Bank of New York Mellon Corp recently made a new investment in Great Southern Bancorp, Inc. (NASDAQ:GSBC) worth $3.41 million. The fund acquired approximately 43,517 shares of the financial services provider's stock during the second quarter.

This is not the only institutional investor to have increased its stake in GSBC recently. Russell Investments Group Ltd. lifted its position by 1,301.8% in the third quarter and now owns 771 shares valued at $47,000. Other investors, such as Royal Bank of Canada, also grew their positions in the company.

Analysts have set a consensus price target of $74 for GSBC. However, it's worth noting that Zacks Research lowered its rating from 'strong-buy' to 'hold', and Keefe, Bruyette & Woods increased its target price to $74 with a 'market perform' rating.