Longview Partners Guernsey LTD cut its position in Bank Of New York Mellon Corp. (NYSE:BK) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,861,815 shares of the company’s stock after selling 239,150 shares during the period. Bank Of New York Mellon Corp. makes up about 4.4% of Longview Partners Guernsey LTD’s portfolio, making the stock its 16th largest position. Longview Partners Guernsey LTD owned 1.58% of Bank Of New York Mellon Corp. worth $655,082,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC raised its stake in Bank Of New York Mellon Corp. by 11.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,912 shares of the company’s stock valued at $113,000 after buying an additional 308 shares during the period. Barnett & Company Inc. purchased a new stake in Bank Of New York Mellon Corp. during the first quarter valued at approximately $124,000. Kistler Tiffany Companies LLC raised its stake in Bank Of New York Mellon Corp. by 5.5% in the second quarter. Kistler Tiffany Companies LLC now owns 4,103 shares of the company’s stock valued at $159,000 after buying an additional 213 shares during the period. Hall Laurie J Trustee raised its stake in Bank Of New York Mellon Corp. by 6.2% in the second quarter. Hall Laurie J Trustee now owns 4,795 shares of the company’s stock valued at $185,000 after buying an additional 280 shares during the period. Finally, North Star Investment Management Corp. raised its stake in Bank Of New York Mellon Corp. by 2.8% in the second quarter. North Star Investment Management Corp. now owns 5,207 shares of the company’s stock valued at $202,000 after buying an additional 140 shares during the period. 81.92% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Bank Of New York Mellon Corp. (NYSE:BK)

Shares of Bank Of New York Mellon Corp. (NYSE:BK) traded down 0.43% during mid-day trading on Monday, hitting $39.30. The stock had a trading volume of 3,419,195 shares. The company’s 50 day moving average price is $40.50 and its 200 day moving average price is $39.82. The stock has a market cap of $41.96 billion, a P/E ratio of 14.10 and a beta of 1.38. Bank Of New York Mellon Corp. has a 12-month low of $32.20 and a 12-month high of $44.73.

Bank Of New York Mellon Corp. (NYSE:BK) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Bank Of New York Mellon Corp. had a return on equity of 9.31% and a net margin of 20.86%. The firm earned $3.78 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the firm posted $0.73 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts predict that Bank Of New York Mellon Corp. will post $3.04 EPS for the current fiscal year.

A number of research firms have recently issued reports on BK. Deutsche Bank AG upped their price target on Bank Of New York Mellon Corp. from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Credit Suisse Group AG restated a “hold” rating and issued a $42.00 price target on shares of Bank Of New York Mellon Corp. in a research report on Tuesday, August 30th. Credit Agricole SA upped their price target on Bank Of New York Mellon Corp. from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. Zacks Investment Research upgraded Bank Of New York Mellon Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday. Finally, Buckingham Research restated a “buy” rating on shares of Bank Of New York Mellon Corp. in a research report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Bank Of New York Mellon Corp. has a consensus rating of “Buy” and an average price target of $44.89.

In related news, Director Trian Fund Management, L.P. acquired 152,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was purchased at an average cost of $38.87 per share, for a total transaction of $5,908,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Bank Of New York Mellon Corp. Company Profile

The Bank of New York Mellon Corporation (BNY Mellon) is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

5 Day Chart for NYSE:BK

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