California Public Employees Retirement System boosted its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,856,431 shares of the bank’s stock after buying an additional 56,203 shares during the period. California Public Employees Retirement System owned approximately 0.28% of Bank Of New York Mellon worth $151,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Bank Of New York Mellon by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock worth $3,439,792,000 after purchasing an additional 1,071,088 shares in the last quarter. Berkshire Hathaway Inc. boosted its position in Bank Of New York Mellon by 52.2% in the 2nd quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock worth $2,562,715,000 after purchasing an additional 17,217,529 shares in the last quarter. Capital International Investors boosted its position in Bank Of New York Mellon by 120.8% in the 3rd quarter. Capital International Investors now owns 23,045,005 shares of the bank’s stock worth $1,221,846,000 after purchasing an additional 12,607,183 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Bank Of New York Mellon by 1.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock worth $1,047,319,000 after purchasing an additional 271,858 shares in the last quarter. Finally, Longview Partners Guernsey LTD boosted its position in Bank Of New York Mellon by 5.2% in the 3rd quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock worth $921,593,000 after purchasing an additional 862,800 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

In related news, Vice Chairman Brian T. Shea sold 22,228 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $51.26, for a total value of $1,139,407.28. Following the completion of the transaction, the insider now directly owns 181,815 shares of the company’s stock, valued at approximately $9,319,836.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gerald L. Hassell sold 24,280 shares of the 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 completion of the transaction, the chairman now directly owns 857,899 shares of the company’s stock, valued at $44,344,799.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,708,334 shares of company stock valued at $404,956,863. Corporate insiders own 3.60% of the company’s stock.

Bank Of New York Mellon Corporation (BK) opened at $54.67 on Monday. 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 firm has a market capitalization of $55,983.28, a P/E ratio of 15.76, a PEG ratio of 1.99 and a beta of 1.22. Bank Of New York Mellon Corporation has a 52 week low of $43.85 and a 52 week high of $55.40.

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

Several equities research analysts have commented on BK shares. 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 report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $58.00 price objective on shares of Bank Of New York Mellon in a research report on Wednesday, November 15th. Morgan Stanley upped their price objective on Bank Of New York Mellon from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price objective (up previously from $52.85) on shares of Bank Of New York Mellon in a research report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $56.00 price objective on shares of Bank Of New York Mellon in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $55.28.

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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.

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

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