Sei Investments Co. raised its stake in Bank Of New York Mellon Corp. (NYSE:BK) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 971,017 shares of the company’s stock after buying an additional 38,795 shares during the period. Sei Investments Co. owned 0.09% of Bank Of New York Mellon Corp. worth $38,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased 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 valued at $2,447,643,000 after buying an additional 1,218,292 shares during the period. Dodge & Cox increased 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 valued at $2,172,806,000 after buying an additional 1,880,245 shares during the period. Trian Fund Management L.P. increased 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 valued at $1,251,770,000 after buying an additional 393,866 shares during the period. First Eagle Investment Management LLC increased 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 valued at $929,409,000 after buying an additional 314,588 shares during the period. Finally, Macquarie Group Ltd. increased 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. 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 down 0.17% on Tuesday, hitting $46.95. 274,899 shares of the company were exchanged. The stock has a market capitalization of $49.64 billion, a P/E ratio of 15.89 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. The stock’s 50-day moving average price is $43.95 and its 200-day moving average price is $41.14.

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 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 had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm posted $0.74 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Bank Of New York Mellon Corp. will post $3.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders 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 dividend yield of 1.60%. Bank Of New York Mellon Corp.’s dividend payout ratio (DPR) is 25.68%.

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BK has been the topic of a number of recent analyst reports. Deutsche Bank AG raised their price target on shares of Bank Of New York Mellon Corp. from $46.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 5th. Zacks Investment Research raised shares of Bank Of New York Mellon Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, October 14th. Barclays PLC reissued a “buy” rating and issued a $48.00 price objective on shares of Bank Of New York Mellon Corp. in a report on Tuesday, October 11th. Morgan Stanley raised shares of Bank Of New York Mellon Corp. from an “underweight” rating to an “equal weight” rating in a report on Friday, October 21st. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $42.00 price objective on shares of Bank Of New York Mellon Corp. in a report on Tuesday, August 30th. Six 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.13.

In related news, CEO Gerald L. Hassell sold 40,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $34.35, for a total value of $1,374,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,003,176 shares of the company’s stock, valued at approximately $34,459,095.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Thomas P. Gibbons sold 79,022 shares of the stock in a transaction 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 $18,991,152. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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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