SoFi Technologies, Inc. $SOFI Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in SoFi Technologies, Inc. (NASDAQ:SOFI) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,028,412 shares of the company’s stock after selling 142,255 shares during the quarter. Bank of New York Mellon Corp’s holdings in SoFi Technologies were worth $63,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SOFI. Vanguard Group Inc. boosted its position in shares of SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after buying an additional 3,900,895 shares during the period. State Street Corp increased its position in SoFi Technologies by 6.7% in the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after acquiring an additional 1,637,430 shares during the period. Geode Capital Management LLC increased its position 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 acquiring an additional 1,951,248 shares during the period. Morgan Stanley raised its stake in SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock valued at $348,806,000 after acquiring an additional 3,350,258 shares in the last quarter. Finally, Norges Bank bought a new stake in SoFi Technologies during the 4th quarter valued at $321,515,000. Institutional investors own 38.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group cut their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Stephens reduced their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Needham & Company LLC lowered their target price on shares of SoFi Technologies from $33.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.78.

Insider Buying and Selling

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. This represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the transaction, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. This trade represents a 2.81% 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. Insiders have sold a total of 124,302 shares of company stock valued at $2,182,523 over the last three months. Company insiders own 2.50% of the company’s stock.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $17.07 on Thursday. SoFi Technologies, Inc. has a 1 year low of $14.92 and a 1 year high of $32.73. The firm has a market cap of $21.90 billion, a P/E ratio of 38.80 and a beta of 2.14. The stock has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $18.92. 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 posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The company 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 company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Research analysts forecast that SoFi Technologies, Inc. will post 0.59 EPS for the current fiscal year.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: Wall Street is expecting revenue and earnings growth in SoFi’s upcoming quarterly report, and analysts have highlighted the possibility of another earnings beat if the company continues its recent momentum. Article Title
• Positive Sentiment: Brokerage and fintech commentary pointed to improving sentiment around smaller banks and financial companies after strong results from JPMorgan Chase and Goldman Sachs, which could support SoFi’s lending and banking outlook. Article Title
• Neutral Sentiment: SoFi remained one of the most closely watched stocks on Zacks, indicating elevated trader interest ahead of earnings, but without a clear fundamental catalyst from that attention alone. Article Title
• Neutral Sentiment: Executive Kelli Keough sold nearly 11,000 shares through a prearranged 10b5-1 plan, which is typically viewed as routine rather than a strong signal of insider concern. Article Title
• Negative Sentiment: Muddy Waters reiterated a bearish stance, arguing SoFi’s accounting practices remain a concern and calling the stock a compelling short idea, which may keep pressure on shares. Article Title
• Negative Sentiment: A separate comparison piece favored Dave over SoFi as the better fintech investment in 2026, reflecting ongoing competition and skepticism around SoFi’s relative growth case. Article Title

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.