Robeco Institutional Asset Management B.V. increased its holdings in Bank of New York Mellon Corp (NYSE:BK) by 13.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 363,056 shares of the bank’s stock after purchasing an additional 44,331 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Bank of New York Mellon were worth $18,513,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Townsend & Associates Inc grew its holdings in Bank of New York Mellon by 7.3% in the second quarter. Townsend & Associates Inc now owns 13,452 shares of the bank’s stock worth $725,000 after purchasing an additional 916 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Bank of New York Mellon by 0.8% in the second quarter. Segall Bryant & Hamill LLC now owns 114,420 shares of the bank’s stock worth $6,171,000 after purchasing an additional 954 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Bank of New York Mellon by 6.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 14,762 shares of the bank’s stock worth $796,000 after purchasing an additional 959 shares during the last quarter. Country Club Trust Company n.a. grew its holdings in Bank of New York Mellon by 1.0% in the second quarter. Country Club Trust Company n.a. now owns 100,827 shares of the bank’s stock worth $5,437,000 after purchasing an additional 982 shares during the last quarter. Finally, James Investment Research Inc. grew its holdings in Bank of New York Mellon by 2.9% in the second quarter. James Investment Research Inc. now owns 35,270 shares of the bank’s stock worth $1,902,000 after purchasing an additional 990 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on BK shares. Zacks Investment Research raised shares of Bank of New York Mellon from a “sell” rating to a “hold” rating and set a $57.00 price objective on the stock in a report on Monday, September 17th. Keefe, Bruyette & Woods lowered shares of Bank of New York Mellon from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $55.00 to $49.00 in a report on Friday, October 19th. Citigroup dropped their price objective on shares of Bank of New York Mellon from $66.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Deutsche Bank boosted their price objective on shares of Bank of New York Mellon from $60.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Finally, Vining Sparks reissued a “buy” rating and set a $62.00 price objective on shares of Bank of New York Mellon in a report on Tuesday, October 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Bank of New York Mellon currently has an average rating of “Hold” and a consensus target price of $58.41.

Shares of BK opened at $49.22 on Friday. The firm has a market cap of $47.66 billion, a PE ratio of 11.76, a P/E/G ratio of 1.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.69 and a current ratio of 0.69. Bank of New York Mellon Corp has a 1-year low of $45.16 and a 1-year high of $58.99.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, October 18th. The bank reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.15 billion. Bank of New York Mellon had a net margin of 24.92% and a return on equity of 11.48%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. Sell-side analysts anticipate that Bank of New York Mellon Corp will post 4.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 30th were given a dividend of $0.28 per share. The ex-dividend date was Monday, October 29th. This represents a $1.12 dividend on an annualized basis and a yield of 2.28%. Bank of New York Mellon’s dividend payout ratio is presently 31.11%.

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About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

Read More: Capital Gains

Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of New York Mellon Corp (NYSE:BK).

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

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