New Mexico Educational Retirement Board lowered its holdings in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,960 shares of the bank’s stock after selling 1,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Bank Of New York Mellon were worth $5,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Bank Of New York Mellon in the 2nd quarter valued at about $1,139,000. Invictus RG bought a new stake in shares of Bank Of New York Mellon during the 3rd quarter worth approximately $102,000. First Interstate Bank lifted its holdings in shares of Bank Of New York Mellon by 56.2% during the 2nd quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock worth $119,000 after acquiring an additional 842 shares during the period. Hudock Capital Group LLC lifted its holdings in shares of Bank Of New York Mellon by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock worth $130,000 after acquiring an additional 7 shares during the period. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Bank Of New York Mellon during the 3rd quarter worth approximately $139,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

Bank Of New York Mellon Corporation (NYSE BK) opened at $54.02 on Friday. The company has a market cap of $55,686.32, a P/E ratio of 15.67, a P/E/G ratio of 1.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.69. 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 issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, beating 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 net margin of 23.14% and a return on equity of 10.51%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. equities analysts expect that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current year.

In other Bank Of New York Mellon news, CFO Thomas P. Gibbons sold 38,152 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $54.15, for a total value of $2,065,930.80. Following the completion of the transaction, the chief financial officer now directly owns 310,002 shares in the company, valued at approximately $16,786,608.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the completion of the transaction, the insider now owns 181,815 shares of the company’s stock, valued at $9,319,836.90. The disclosure for this sale can be found here. In the last three months, insiders sold 7,708,334 shares of company stock valued at $404,956,863. 3.60% of the stock is owned by insiders.

A number of analysts have recently weighed in on BK shares. Zacks Investment Research downgraded shares of Bank Of New York Mellon from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $58.00 price target on shares of Bank Of New York Mellon in a report on Thursday, August 31st. UBS downgraded shares of Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price target for the company. in a report on Friday, September 8th. Goldman Sachs Group reaffirmed a “buy” rating and set a $58.00 price target (up previously from $52.85) on shares of Bank Of New York Mellon in a report on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $56.00 price target on shares of Bank Of New York Mellon in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $55.28.

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Bank Of New York Mellon 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.

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

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