Schwab Charles Investment Management Inc. boosted its position in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,479,763 shares of the bank’s stock after purchasing an additional 46,740 shares during the period. Schwab Charles Investment Management Inc. owned 0.34% of Bank Of New York Mellon worth $184,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Bank Of New York Mellon by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock worth $3,439,792,000 after buying an additional 1,071,088 shares during the last quarter. Berkshire Hathaway Inc. lifted its position in shares of Bank Of New York Mellon by 52.2% in the second quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock worth $2,562,715,000 after buying an additional 17,217,529 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Bank Of New York Mellon by 1.4% in the third quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock worth $1,047,319,000 after buying an additional 271,858 shares during the last quarter. Longview Partners Guernsey LTD lifted its position in shares of Bank Of New York Mellon by 5.2% in the third quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock worth $921,593,000 after buying an additional 862,800 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Bank Of New York Mellon by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock worth $771,927,000 after buying an additional 838,301 shares during the last quarter. 82.85% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Edward P. Garden sold 1,031,157 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $53.13, for a total transaction of $54,785,371.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Trian Fund Management, L.P. sold 5,798,725 shares of the business’s stock in a transaction dated 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. Insiders have sold 7,670,182 shares of company stock worth $402,890,932 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

A number of analysts have weighed in on BK shares. BidaskClub raised Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Wells Fargo & Company initiated coverage on Bank Of New York Mellon in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $55.00 price objective on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $58.00 price objective on shares of Bank Of New York Mellon in a research note on Thursday, August 31st. UBS lowered Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Friday, September 8th. Finally, Jefferies Group reiterated a “hold” rating and issued a $56.00 price objective on shares of Bank Of New York Mellon in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.28.

Bank Of New York Mellon Corporation (BK) opened at $53.13 on Wednesday. Bank Of New York Mellon Corporation has a 12 month low of $43.85 and a 12 month high of $55.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $53,484.67, a PE ratio of 15.05, a P/E/G ratio of 1.90 and a beta of 1.22.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Tuesday, October 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 1.81%. Bank Of New York Mellon’s dividend payout ratio is 28.07%.

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Bank Of New York Mellon 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 (NYSE:BK)

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