Murphy Pohlad Asset Management LLC raised its position in shares of Bank Of New York Mellon Corp. (NYSE:BK) by 2.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,396 shares of the company’s stock after buying an additional 2,525 shares during the period. Bank Of New York Mellon Corp. makes up about 3.1% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 4th largest position. Murphy Pohlad Asset Management LLC’s holdings in Bank Of New York Mellon Corp. were worth $4,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Bank Of New York Mellon Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 63,002,399 shares of the company’s stock worth $2,447,643,000 after buying an additional 1,218,292 shares during the last quarter. Dodge & Cox boosted its stake in shares of Bank Of New York Mellon Corp. by 3.5% in the second quarter. Dodge & Cox now owns 55,928,092 shares of the company’s stock worth $2,172,806,000 after buying an additional 1,880,245 shares during the last quarter. Trian Fund Management L.P. boosted its stake in shares of Bank Of New York Mellon Corp. by 1.2% in the second quarter. Trian Fund Management L.P. now owns 32,220,599 shares of the company’s stock worth $1,251,770,000 after buying an additional 393,866 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Bank Of New York Mellon Corp. by 1.3% in the second quarter. First Eagle Investment Management LLC now owns 23,923,008 shares of the company’s stock worth $929,409,000 after buying an additional 314,588 shares during the last quarter. Finally, Macquarie Group Ltd. boosted 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 worth $707,499,000 after buying an additional 1,052,871 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

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

Bank Of New York Mellon Corp. (NYSE:BK) traded up 0.04% during trading on Tuesday, hitting $47.05. 5,635,908 shares of the company traded hands. The company’s 50 day moving average is $43.95 and its 200-day moving average is $41.14. The stock has a market capitalization of $49.75 billion, a PE ratio of 15.92 and a beta of 1.30. Bank Of New York Mellon Corp. has a 52 week low of $32.20 and a 52 week high of $47.96.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, October 28th. Bank Of New York Mellon Corp.’s dividend payout ratio is currently 25.68%.

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Several analysts have issued reports on BK shares. Deutsche Bank AG increased their target price 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. Zacks Investment Research upgraded shares of Bank Of New York Mellon Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, October 14th. Barclays PLC reiterated a “buy” rating and issued a $48.00 target price on shares of Bank Of New York Mellon Corp. in a research note on Tuesday, October 11th. Morgan Stanley upgraded shares of Bank Of New York Mellon Corp. from an “underweight” rating to an “equal weight” rating in a research note on Friday, October 21st. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $42.00 target price on shares of Bank Of New York Mellon Corp. in a research note on Tuesday, August 30th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.13.

In other Bank Of New York Mellon Corp. news, CEO Gerald L. Hassell sold 191,042 shares of Bank Of New York Mellon Corp. stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $43.22, for a total transaction of $8,256,835.24. Following the transaction, the chief executive officer now owns 1,003,176 shares of the company’s stock, valued at $43,357,266.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Thomas P. Gibbons sold 79,022 shares of Bank Of New York Mellon Corp. stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $43.20, for a total transaction of $3,413,750.40. Following the transaction, the insider now directly 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.

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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