Signaturefd LLC raised its stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,529 shares of the bank’s stock after buying an additional 342 shares during the period. Signaturefd LLC’s holdings in Bank Of New York Mellon Corporation (The) were worth $403,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. raised its stake in Bank Of New York Mellon Corporation (The) by 4.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,197 shares of the bank’s stock valued at $104,000 after buying an additional 92 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Bank Of New York Mellon Corporation (The) during the first quarter valued at approximately $111,000. Hudock Capital Group LLC increased its position in shares of Bank Of New York Mellon Corporation (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 2,549 shares of the bank’s stock valued at $120,000 after buying an additional 7 shares during the period. QCI Asset Management Inc. NY purchased a new position in shares of Bank Of New York Mellon Corporation (The) during the first quarter valued at approximately $125,000. Finally, Quadrant Capital Group LLC increased its position in shares of Bank Of New York Mellon Corporation (The) by 2.6% in the first quarter. Quadrant Capital Group LLC now owns 3,726 shares of the bank’s stock valued at $167,000 after buying an additional 94 shares during the period. 82.02% of the stock is owned by institutional investors and hedge funds.

Bank Of New York Mellon Corporation (NYSE BK) traded up 0.58% during mid-day trading on Friday, reaching $52.10. 5,424,014 shares of the company were exchanged. The stock has a market capitalization of $53.83 billion, a price-to-earnings ratio of 15.45 and a beta of 1.15. Bank Of New York Mellon Corporation has a 12-month low of $38.68 and a 12-month high of $54.59. The company’s 50 day moving average price is $52.79 and its 200-day moving average price is $48.77.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Bank Of New York Mellon Corporation (The) had a net margin of 23.35% and a return on equity of 10.35%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $0.76 earnings per share. Bank Of New York Mellon Corporation (The)’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts forecast that Bank Of New York Mellon Corporation will post $3.53 earnings per share for the current fiscal year.

Bank Of New York Mellon Corporation (The) declared that its board has approved a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $3.10 billion in outstanding shares. This repurchase authorization permits the bank to purchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st were issued a $0.24 dividend. This is a positive change from Bank Of New York Mellon Corporation (The)’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Friday, July 28th. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is currently 28.40%.

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Several brokerages recently commented on BK. Wells Fargo & Company began coverage on shares of Bank Of New York Mellon Corporation (The) in a report on Wednesday, August 9th. They issued a “market perform” rating and a $55.00 target price on the stock. BidaskClub upgraded shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Zacks Investment Research upgraded shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, July 21st. Finally, Bank of America Corporation set a $52.00 target price on shares of Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.12.

In other Bank Of New York Mellon Corporation (The) news, Vice Chairman Brian T. Shea sold 44,250 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $52.90, for a total value of $2,340,825.00. Following the transaction, the insider now directly owns 204,043 shares of the company’s stock, valued at approximately $10,793,874.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Thomas P. Gibbons sold 184,380 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $53.95, for a total transaction of $9,947,301.00. Following the completion of the transaction, the insider now directly owns 455,927 shares in the company, valued at $24,597,261.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,931,137 shares of company stock worth $581,058,723. Insiders own 3.60% of the company’s stock.

Bank Of New York Mellon Corporation (The) Company Profile

The Bank of New York Mellon Corporation 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 the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

Institutional Ownership by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

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