BNP Paribas Arbitrage SA increased its stake in shares of Bank Of New York Mellon Corp. (NYSE:BK) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,988 shares of the company’s stock after buying an additional 33,472 shares during the period. BNP Paribas Arbitrage SA’s holdings in Bank Of New York Mellon Corp. were worth $10,847,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BK. Beacon Financial Group raised its stake in shares of Bank Of New York Mellon Corp. by 2.1% in the third quarter. Beacon Financial Group now owns 80,655 shares of the company’s stock valued at $3,150,000 after buying an additional 1,648 shares during the period. Evercore Wealth Management LLC raised its stake in shares of Bank Of New York Mellon Corp. by 1.2% in the second quarter. Evercore Wealth Management LLC now owns 12,537 shares of the company’s stock valued at $488,000 after buying an additional 153 shares during the period. Macquarie Group Ltd. raised its stake in shares of Bank Of New York Mellon Corp. by 6.1% in the second quarter. Macquarie Group Ltd. now owns 18,211,029 shares of the company’s stock valued at $707,499,000 after buying an additional 1,052,871 shares during the period. Carnick & Kubik Group LLC bought a new stake in shares of Bank Of New York Mellon Corp. during the second quarter valued at about $707,000. Finally, Williams Jones & Associates LLC raised its stake in shares of Bank Of New York Mellon Corp. by 30.4% in the second quarter. Williams Jones & Associates LLC now owns 9,438 shares of the company’s stock valued at $367,000 after buying an additional 2,198 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.

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 0.34% on Friday, hitting $47.44. The stock had a trading volume of 5,808,898 shares. Bank Of New York Mellon Corp. has a 12-month low of $32.20 and a 12-month high of $47.67. The firm has a market cap of $50.16 billion, a P/E ratio of 16.05 and a beta of 1.30. The company’s 50-day moving average price is $41.77 and its 200 day moving average price is $40.60.

Bank Of New York Mellon Corp. (NYSE:BK) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.09. Bank Of New York Mellon Corp. had a return on equity of 9.66% and a net margin of 21.65%. The business earned $3.93 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Bank Of New York Mellon Corp. will post $3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Tuesday, November 1st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.60%. Bank Of New York Mellon Corp.’s dividend payout ratio is currently 25.68%.

A number of analysts have issued reports on BK shares. Deutsche Bank AG boosted their price target on shares of Bank Of New York Mellon Corp. from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Credit Suisse Group AG set a $42.00 price target on shares of Bank Of New York Mellon Corp. and gave the stock a “hold” rating in a research note on Tuesday, August 9th. Zacks Investment Research upgraded shares of Bank Of New York Mellon Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Jefferies Group reiterated a “hold” rating and set a $38.00 price target on shares of Bank Of New York Mellon Corp. in a research note on Thursday, August 25th. Finally, Credit Agricole SA boosted their price target on shares of Bank Of New York Mellon Corp. from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, September 23rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.30.

In related news, CEO Gerald L. Hassell sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $34.35, for a total transaction of $1,374,000.00. Following the completion of the transaction, the chief executive officer now owns 1,003,176 shares in the company, valued at approximately $34,459,095.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Thomas P. Gibbons sold 79,022 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $43.20, for a total value of $3,413,750.40. Following the transaction, the insider now owns 439,610 shares of the company’s stock, valued at approximately $18,991,152. The disclosure for this sale can be found here. 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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