Exxonmobil Investment Management Inc. TX cut its position in Bank Of New York Mellon Corp. (NYSE:BK) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,615 shares of the company’s stock after selling 6,188 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Bank Of New York Mellon Corp. were worth $10,872,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Magnetar Financial LLC increased its position in Bank Of New York Mellon Corp. by 67.7% in the first quarter. Magnetar Financial LLC now owns 9,348 shares of the company’s stock worth $344,000 after buying an additional 3,773 shares during the period. Arizona State Retirement System increased its position in Bank Of New York Mellon Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 291,666 shares of the company’s stock worth $10,742,000 after buying an additional 2,300 shares during the period. Seven Eight Capital LLC increased its position in Bank Of New York Mellon Corp. by 31.2% in the first quarter. Seven Eight Capital LLC now owns 42,937 shares of the company’s stock worth $1,581,000 after buying an additional 10,200 shares during the period. Squarepoint Ops LLC increased its position in Bank Of New York Mellon Corp. by 190.4% in the first quarter. Squarepoint Ops LLC now owns 242,617 shares of the company’s stock worth $8,936,000 after buying an additional 159,065 shares during the period. Finally, Oak Associates Ltd. OH increased its position in Bank Of New York Mellon Corp. by 8.6% in the first quarter. Oak Associates Ltd. OH now owns 133,385 shares of the company’s stock worth $4,913,000 after buying an additional 10,580 shares during the period. 82.89% of the stock is currently owned by hedge funds and other 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 0.04% on Monday, hitting $47.42. The stock had a trading volume of 5,023,916 shares. The firm’s 50-day moving average is $43.08 and its 200 day moving average is $40.91. The stock has a market cap of $50.14 billion, a P/E ratio of 16.05 and a beta of 1.30. Bank Of New York Mellon Corp. has a 1-year low of $32.20 and a 1-year high of $47.96.

Bank Of New York Mellon Corp. (NYSE:BK) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.09. The company earned $3.93 billion during the quarter, compared to the consensus estimate of $3.86 billion. Bank Of New York Mellon Corp. had a return on equity of 9.66% and a net margin of 21.65%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. Equities analysts forecast that Bank Of New York Mellon Corp. will post $3.16 EPS for the current year.

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

BK has been the topic of a number of research reports. Barclays PLC restated a “buy” rating and issued a $48.00 price objective on shares of Bank Of New York Mellon Corp. in a report on Wednesday, November 9th. raised their target price on Bank Of New York Mellon Corp. from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, September 23rd. Credit Suisse Group AG reiterated a “hold” rating and set a $42.00 target price on shares of Bank Of New York Mellon Corp. in a report on Tuesday, August 30th. Jefferies Group reiterated a “hold” rating and set a $38.00 target price on shares of Bank Of New York Mellon Corp. in a report on Thursday, August 25th. Finally, Deutsche Bank AG raised their target price on Bank Of New York Mellon Corp. from $50.00 to $51.00 and gave the company a “buy” rating in a report on Friday, September 9th. Six investment 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 stock. The company currently has an average rating of “Buy” and an average target price of $45.30.

In other Bank Of New York Mellon Corp. news, insider Mitchell E. Harris sold 28,779 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $43.55, for a total value of $1,253,325.45. Following the completion of the transaction, the insider now owns 166,196 shares of the company’s stock, valued at approximately $7,237,835.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Thomas P. Gibbons sold 79,022 shares of the company’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 completion of the transaction, the insider now directly 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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