Meiji Yasuda Asset Management Co Ltd. boosted its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 40,683 shares of the bank’s stock after acquiring an additional 1,100 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Bank Of New York Mellon Corporation (The) were worth $2,157,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Bank Of New York Mellon Corporation (The) by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock valued at $3,439,792,000 after acquiring an additional 1,071,088 shares during the period. Berkshire Hathaway Inc. raised its stake in Bank Of New York Mellon Corporation (The) by 52.2% in the 2nd quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock valued at $2,562,715,000 after acquiring an additional 17,217,529 shares during the period. First Eagle Investment Management LLC raised its stake in Bank Of New York Mellon Corporation (The) by 1.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock valued at $1,047,319,000 after acquiring an additional 271,858 shares during the period. Longview Partners Guernsey LTD raised its stake in Bank Of New York Mellon Corporation (The) by 5.2% in the 3rd quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock valued at $921,593,000 after acquiring an additional 862,800 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Bank Of New York Mellon Corporation (The) by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock valued at $771,927,000 after acquiring an additional 838,301 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

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Several brokerages have recently weighed in on BK. BidaskClub upgraded Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Citigroup Inc. reiterated a “neutral” rating and set a $56.00 price target (up from $53.00) on shares of Bank Of New York Mellon Corporation (The) in a research report on Monday, October 9th. Jefferies Group LLC reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, October 20th. Credit Suisse Group reiterated a “hold” rating and set a $55.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.28.

In other Bank Of New York Mellon Corporation (The) news, Director Edward P. Garden sold 1,031,157 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $53.13, for a total value of $54,785,371.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Trian Fund Management, L.P. sold 5,798,725 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $52.42, for a total value of $303,969,164.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,876,390 shares of company stock valued at $361,148,976. 3.60% of the stock is owned by insiders.

Shares of Bank Of New York Mellon Corporation (NYSE BK) traded up $0.05 during midday trading on Tuesday, hitting $52.52. The stock had a trading volume of 4,558,100 shares, compared to its average volume of 4,574,481. Bank Of New York Mellon Corporation has a 52 week low of $43.85 and a 52 week high of $55.29. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $54,260.00, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.99 billion. Bank Of New York Mellon Corporation (The) had a return on equity of 10.51% and a net margin of 23.14%. Bank Of New York Mellon Corporation (The)’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. analysts anticipate that Bank Of New York Mellon Corporation will post 3.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, October 30th. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is currently 28.24%.

Bank Of New York Mellon Corporation (The) 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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