Sei Investments Co. raised its position in Bank of New York Mellon Corp (NYSE:BK) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072,389 shares of the bank’s stock after acquiring an additional 51,767 shares during the quarter. Sei Investments Co.’s holdings in Bank of New York Mellon were worth $56,881,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Invictus RG purchased a new position in shares of Bank of New York Mellon in the 3rd quarter valued at about $102,000. Rowland & Co. Investment Counsel ADV purchased a new stake in Bank of New York Mellon during the fourth quarter worth approximately $124,000. Horan Capital Advisors LLC. purchased a new stake in Bank of New York Mellon during the third quarter worth approximately $139,000. Advisory Services Network LLC lifted its stake in Bank of New York Mellon 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 purchasing an additional 363 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Bank of New York Mellon during the fourth quarter worth approximately $164,000. 83.67% of the stock is owned by institutional investors.

In related news, Director Edward P. Garden sold 143,792 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $52.52, for a total transaction of $7,551,955.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas P. Gibbons sold 38,152 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $54.15, for a total value of $2,065,930.80. Following the transaction, the chief financial officer now directly owns 310,002 shares in the company, valued at approximately $16,786,608.30. The disclosure for this sale can be found here. Insiders have sold 831,944 shares of company stock worth $43,807,887 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

BK has been the subject of several recent analyst reports. Goldman Sachs Group restated a “buy” rating and set a $58.00 target price (up previously from $52.85) on shares of Bank of New York Mellon in a research note on Friday, October 20th. Morgan Stanley boosted their target price on Bank of New York Mellon from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Jefferies Group restated a “hold” rating on shares of Bank of New York Mellon in a research note on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and set a $58.00 target price on shares of Bank of New York Mellon in a research note on Wednesday, November 15th. Finally, ValuEngine upgraded Bank of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.76.

Bank of New York Mellon Corp (NYSE:BK) opened at $54.81 on Wednesday. The stock has a market capitalization of $55,344.07, a P/E ratio of 14.69, a PEG ratio of 1.74 and a beta of 1.21. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.82. Bank of New York Mellon Corp has a twelve month low of $45.12 and a twelve month high of $58.99.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Thursday, January 18th. The bank reported $0.91 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.91. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4.01 billion. Bank of New York Mellon had a return on equity of 10.69% and a net margin of 24.72%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. sell-side analysts forecast that Bank of New York Mellon Corp will post 4.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Tuesday, January 30th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio is presently 25.74%.

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About Bank of New York Mellon

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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