QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,300 shares of the bank’s stock, valued at approximately $662,000.

Several other institutional investors have also recently made changes to their positions in BK. Schulhoff & Co. Inc. boosted its position in Bank Of New York Mellon by 6.7% during the second quarter. Schulhoff & Co. Inc. now owns 14,423 shares of the bank’s stock valued at $735,000 after purchasing an additional 900 shares in the last quarter. Hudock Capital Group LLC boosted its position in Bank Of New York Mellon by 0.3% during the second quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock valued at $130,000 after purchasing an additional 7 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Bank Of New York Mellon during the second quarter valued at about $2,238,000. Brighton Jones LLC bought a new stake in Bank Of New York Mellon during the second quarter valued at about $221,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Bank Of New York Mellon during the second quarter valued at about $1,934,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at $54.83 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $56,650.00, a PE ratio of 16.13, a price-to-earnings-growth ratio of 1.75 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 $55.40.

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 for the quarter, topping the 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 company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. sell-side analysts forecast that Bank Of New York Mellon Corporation will post 3.55 EPS for the current year.

In related news, CFO Thomas P. Gibbons sold 38,152 shares of Bank Of New York Mellon stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the completion of the sale, the chief financial officer now owns 310,002 shares of the company’s stock, valued at $16,786,608.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Brian T. Shea sold 22,228 shares of Bank Of New York Mellon stock in a transaction dated 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 sale, the insider now directly owns 181,815 shares of the company’s stock, valued at approximately $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. Corporate insiders own 3.60% of the company’s stock.

BK has been the topic of a number of recent research reports. Barclays raised their price objective on Bank Of New York Mellon from $55.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Investment Research downgraded Bank Of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. UBS Group downgraded 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. Goldman Sachs Group reaffirmed a “buy” rating and set 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 reaffirmed a “hold” rating and set a $56.00 price objective on shares of Bank Of New York Mellon in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.82.

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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.

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

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