American International Group Inc. lessened its stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 411,054 shares of the bank’s stock after selling 40,725 shares during the quarter. American International Group Inc.’s holdings in Bank Of New York Mellon Corporation (The) were worth $21,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Bank Of New York Mellon Corporation (The) during the second quarter worth approximately $1,139,000. First Interstate Bank boosted its holdings in Bank Of New York Mellon Corporation (The) by 56.2% during the second quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock worth $119,000 after buying an additional 842 shares in the last quarter. Hudock Capital Group LLC boosted its holdings in Bank Of New York Mellon Corporation (The) by 0.3% during the second quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock worth $130,000 after buying an additional 7 shares in the last quarter. Horan Capital Advisors LLC. bought a new stake in Bank Of New York Mellon Corporation (The) during the third quarter worth approximately $139,000. Finally, Advisory Services Network LLC boosted its holdings in Bank Of New York Mellon Corporation (The) by 15.5% during the second quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock worth $138,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

In other Bank Of New York Mellon Corporation (The) news, Chairman Gerald L. Hassell sold 24,280 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $51.69, for a total value of $1,255,033.20. Following the sale, the chairman now directly owns 857,899 shares in the company, valued at approximately $44,344,799.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the completion of the sale, the insider now owns 181,815 shares in the company, valued at $9,319,836.90. The disclosure for this sale can be found here. Insiders sold a total of 7,670,182 shares of company stock worth $402,890,932 in the last quarter. Insiders own 3.60% of the company’s stock.

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Bank Of New York Mellon Corporation (NYSE BK) opened at $52.43 on Friday. The firm has a market cap of $53,689.47, a price-to-earnings ratio of 15.11, a PEG ratio of 1.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. 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 released its quarterly earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Bank Of New York Mellon Corporation (The)’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. sell-side analysts forecast that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Tuesday, October 31st were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 1.83%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is presently 28.07%.

A number of 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 report on Monday, July 31st. UBS AG lowered shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and set a $58.00 target price on shares of Bank Of New York Mellon Corporation (The) in a research note on Thursday, August 31st. Wells Fargo & Company initiated coverage on shares of Bank Of New York Mellon Corporation (The) in a research note on Wednesday, August 9th. They set a “market perform” rating and a $55.00 target price for the company. Finally, Zacks Investment Research lowered 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 equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Bank Of New York Mellon Corporation (The) presently has an average rating of “Hold” and a consensus price target of $55.28.

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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