Bank of New York Mellon Corp boosted its stake in Bank Of New York Mellon Corp. (NYSE:BK) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,084,512 shares of the company’s stock after buying an additional 7,986 shares during the period. Bank of New York Mellon Corp owned 0.76% of Bank Of New York Mellon Corp. worth $322,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Roble Belko & Company Inc raised its stake in Bank Of New York Mellon Corp. by 25.1% in the third quarter. Roble Belko & Company Inc now owns 2,502 shares of the company’s stock worth $100,000 after buying an additional 502 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Bank Of New York Mellon Corp. during the second quarter worth about $101,000. Advisory Services Network LLC raised its stake in Bank Of New York Mellon Corp. by 6.9% in the third quarter. Advisory Services Network LLC now owns 2,669 shares of the company’s stock worth $106,000 after buying an additional 173 shares during the period. Pinkerton Retirement Specialists LLC raised its stake in Bank Of New York Mellon Corp. by 5,546.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,823 shares of the company’s stock worth $110,000 after buying an additional 2,773 shares during the period. Finally, 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 worth $113,000 after buying an additional 308 shares during the period. Institutional investors own 80.43% 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) opened at 47.03 on Tuesday. Bank Of New York Mellon Corp. has a 1-year low of $32.20 and a 1-year high of $47.96. The firm’s 50-day moving average is $43.95 and its 200-day moving average is $41.14. The firm has a market cap of $49.73 billion, a P/E ratio of 15.92 and a beta of 1.30.

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 for the quarter, topping analysts’ consensus estimates 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 firm earned $3.93 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, analysts anticipate that Bank Of New York Mellon Corp. will post $3.16 EPS for the current fiscal year.

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

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Several equities analysts recently weighed in on BK shares. Credit Suisse Group AG started coverage on shares of Bank Of New York Mellon Corp. in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $46.00 price objective on the stock. Buckingham Research lowered shares of Bank Of New York Mellon Corp. from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Monday, November 21st. Barclays PLC reaffirmed a “buy” rating and set a $48.00 price objective on shares of Bank Of New York Mellon Corp. in a research report on Wednesday, November 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Bank Of New York Mellon Corp. in a research report on Friday, October 21st. Finally, Morgan Stanley raised shares of Bank Of New York Mellon Corp. from an “underweight” rating to an “equal weight” rating in a research report on Friday, October 21st. 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 company. The company presently has a consensus rating of “Buy” and an average price target of $46.13.

In other news, CEO Gerald L. Hassell sold 40,000 shares of the company’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 sale, the chief executive officer now owns 1,003,176 shares in the company, valued at approximately $34,459,095.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $43.20, for a total value of $3,413,750.40. Following the sale, the insider now owns 439,610 shares in the company, valued at approximately $18,991,152. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

About Bank Of New York Mellon Corp.

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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