Bank Of New York Mellon Corporation (The) (NYSE:BK) Director Edward P. Garden sold 143,792 shares of Bank Of New York Mellon Corporation (The) stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $52.52, for a total transaction of $7,551,955.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) traded down $0.10 during mid-day trading on Wednesday, reaching $52.42. 4,905,400 shares of the company’s stock were exchanged, compared to its average volume of 4,575,952. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $53,781.63, a P/E ratio of 15.14, a P/E/G ratio of 1.98 and a beta of 1.22. Bank Of New York Mellon Corporation has a twelve month low of $43.85 and a twelve month high of $55.29.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its earnings results on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.99 billion. Bank Of New York Mellon Corporation (The) had a net margin of 23.14% and a return on equity of 10.51%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. analysts expect that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current fiscal year.

The business 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. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is currently 28.07%.

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A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG cut shares of 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 research note on Friday, September 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $58.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research note on Thursday, August 31st. Wells Fargo & Company started coverage on shares of Bank Of New York Mellon Corporation (The) in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $55.00 price target on the stock. Finally, Zacks Investment Research cut shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $55.28.

A number of hedge funds have recently modified their holdings of BK. Oppenheimer Asset Management Inc. bought a new position in Bank Of New York Mellon Corporation (The) in the 1st quarter worth about $1,495,000. Signaturefd LLC grew its stake in Bank Of New York Mellon Corporation (The) by 4.2% in the 1st quarter. Signaturefd LLC now owns 8,529 shares of the bank’s stock worth $403,000 after acquiring an additional 342 shares in the last quarter. Highbridge Capital Management LLC grew its stake in Bank Of New York Mellon Corporation (The) by 336.6% in the 1st quarter. Highbridge Capital Management LLC now owns 151,000 shares of the bank’s stock worth $7,132,000 after acquiring an additional 116,414 shares in the last quarter. New England Asset Management Inc. grew its stake in Bank Of New York Mellon Corporation (The) by 92,225.0% in the 1st quarter. New England Asset Management Inc. now owns 3,693,000 shares of the bank’s stock worth $174,420,000 after acquiring an additional 3,689,000 shares in the last quarter. Finally, Gotham Asset Management LLC grew its stake in Bank Of New York Mellon Corporation (The) by 12.7% in the 1st quarter. Gotham Asset Management LLC now owns 7,123 shares of the bank’s stock worth $336,000 after acquiring an additional 804 shares in the last quarter. Institutional investors and hedge funds own 82.44% 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.

Insider Buying and Selling by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

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