BlueCrest Capital Management Ltd purchased a new stake in Bank Of New York Mellon Corporation (The) (NYSE:BK) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,675 shares of the bank’s stock, valued at approximately $1,259,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Bank Of New York Mellon Corporation (The) by 1.6% during the second quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock worth $3,439,792,000 after acquiring an additional 1,071,088 shares in the last quarter. BlackRock Inc. raised its holdings in Bank Of New York Mellon Corporation (The) by 2,064.6% during the first quarter. BlackRock Inc. now owns 57,741,220 shares of the bank’s stock worth $2,727,121,000 after acquiring an additional 55,073,730 shares in the last quarter. Longview Partners Guernsey LTD raised its holdings in Bank Of New York Mellon Corporation (The) by 4.6% during the second quarter. Longview Partners Guernsey LTD now owns 16,519,184 shares of the bank’s stock worth $842,809,000 after acquiring an additional 726,898 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Bank Of New York Mellon Corporation (The) by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock worth $771,927,000 after acquiring an additional 838,301 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in Bank Of New York Mellon Corporation (The) by 0.4% during the second quarter. Artisan Partners Limited Partnership now owns 13,498,951 shares of the bank’s stock worth $688,716,000 after acquiring an additional 50,788 shares in the last quarter. Institutional investors own 81.78% of the company’s stock.

In related news, Vice Chairman Thomas P. Gibbons sold 184,380 shares of Bank Of New York Mellon Corporation (The) stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $53.95, for a total value of $9,947,301.00. Following the sale, the insider now owns 455,927 shares of the company’s stock, valued at approximately $24,597,261.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles W. Scharf purchased 186,900 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $53.82 per share, for a total transaction of $10,058,958.00. Following the acquisition, the chief executive officer now directly owns 73,640 shares in the company, valued at approximately $3,963,304.80. The disclosure for this purchase can be found here. In the last three months, insiders have sold 10,931,137 shares of company stock worth $581,058,723. Insiders own 3.60% of the company’s stock.

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Bank Of New York Mellon Corporation (The) (NYSE:BK) last posted its earnings results on Thursday, July 20th. The bank reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the firm earned $0.76 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year.

Bank Of New York Mellon Corporation (The) announced that its board has approved a share repurchase program on Wednesday, June 28th that authorizes the company to repurchase $3.10 billion in outstanding shares. This repurchase authorization authorizes the bank to buy up to 5.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

BK has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $58.00 target price on shares of Bank Of New York Mellon Corporation (The) in a report on Thursday, August 31st. Zacks Investment Research lowered Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a report on Wednesday. UBS AG lowered Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 target price on the stock. in a report on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating and set a $56.00 target price on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, September 15th. Finally, Bank of America Corporation set a $52.00 target price on Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.81.

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.

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

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