SoFi Technologies, Inc. $SOFI Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI) by 6.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,170,667 shares of the company’s stock after buying an additional 256,322 shares during the quarter. Bank of New York Mellon Corp’s holdings in SoFi Technologies were worth $109,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares in the last quarter. State Street Corp grew its holdings in shares of SoFi Technologies by 30.7% in the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company’s stock worth $642,019,000 after acquiring an additional 5,708,053 shares during the period. Geode Capital Management LLC increased its stake in SoFi Technologies by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after purchasing an additional 1,951,248 shares in the last quarter. Norges Bank purchased a new position in SoFi Technologies in the 4th quarter valued at approximately $321,515,000. Finally, Dimensional Fund Advisors LP raised its holdings in SoFi Technologies by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 9,792,807 shares of the company’s stock worth $258,821,000 after purchasing an additional 67,504 shares during the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi’s Rule of 40 score has reached 72%, a sign of strong revenue growth plus improving profitability that supports the case for SoFi as a scalable fintech platform. SoFi’s Rule of 40 Strength is Becoming Impossible for Investors to Ignore
• Positive Sentiment: Financial services revenue jumped 41% to $429 million, members grew 35% to 14.7 million, and cross-selling remains strong, which supports the long-term growth story for SoFi. The Market Is Missing SoFi Technologies’ Next Chapter
• Positive Sentiment: SoFi’s Loan Platform Business originated $3 billion and secured $3.6 billion in new institutional funding commitments, strengthening its lending capacity and fee-based growth potential. The Market Is Missing SoFi Technologies’ Next Chapter
• Neutral Sentiment: Broader fintech headlines, including changes around the PDT rule, SpaceX IPO excitement, and stablecoin settlement developments, may be influencing trading in SOFI, but they are indirect rather than company-specific catalysts. HOOD, SOFI, BULL Stocks Decline Despite PDT Rule Change: Can SpaceX IPO Reverse The Trend?
• Negative Sentiment: Block & Leviton launched a class-action investigation after SoFi’s post-earnings selloff, while Muddy Waters accused the company of aggressive or improper reporting practices, adding regulatory and reputational risk. SoFi Scrutiny Grows As Legal Probe And Short Seller Claims Hit Valuation
• Negative Sentiment: Recent coverage also points to valuation pressure and mixed stock performance, suggesting investors remain cautious despite the company’s improving fundamentals. Assessing Whether SoFi Technologies (SOFI) Looks Overvalued After Mixed Recent Share Price Performance

SoFi Technologies Stock Performance

SoFi Technologies stock opened at $16.03 on Monday. SoFi Technologies, Inc. has a fifty-two week low of $13.93 and a fifty-two week high of $32.73. The company has a market capitalization of $20.56 billion, a price-to-earnings ratio of 36.43 and a beta of 2.14. The stock has a fifty day moving average of $16.72 and a two-hundred day moving average of $21.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business’s revenue was up 42.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on SOFI shares. Needham & Company LLC decreased their target price on SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of SoFi Technologies in a research report on Thursday, April 30th. Weiss Ratings downgraded SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Truist Financial lowered their price objective on shares of SoFi Technologies from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 12th. Finally, Morgan Stanley set a $16.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.56.

Insider Activity at SoFi Technologies

In other news, CTO Jeremy Rishel sold 94,958 shares of SoFi Technologies stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the completion of the sale, the chief technology officer directly owned 839,640 shares in the company, valued at $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelli Keough sold 10,037 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $15.53, for a total transaction of $155,874.61. Following the completion of the transaction, the executive vice president directly owned 323,247 shares of the company’s stock, valued at approximately $5,020,025.91. This represents a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 124,479 shares of company stock valued at $2,163,556. 2.60% of the stock is owned by insiders.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.