Intrepid Capital Management Inc. lifted its holdings in Bank of New York Mellon Corp (NYSE:BK) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,269 shares of the bank’s stock after purchasing an additional 1,100 shares during the quarter. Bank of New York Mellon accounts for approximately 2.1% of Intrepid Capital Management Inc.’s holdings, making the stock its 23rd largest position. Intrepid Capital Management Inc.’s holdings in Bank of New York Mellon were worth $4,736,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BK. Archford Capital Strategies LLC lifted its position in Bank of New York Mellon by 4.1% in the 1st quarter. Archford Capital Strategies LLC now owns 5,654 shares of the bank’s stock valued at $285,000 after acquiring an additional 221 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Bank of New York Mellon by 1.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 17,821 shares of the bank’s stock valued at $786,000 after purchasing an additional 221 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings in Bank of New York Mellon by 1.7% during the second quarter. St. Johns Investment Management Company LLC now owns 13,564 shares of the bank’s stock valued at $599,000 after purchasing an additional 227 shares during the period. Arjuna Capital grew its holdings in Bank of New York Mellon by 0.9% during the first quarter. Arjuna Capital now owns 28,799 shares of the bank’s stock valued at $1,452,000 after purchasing an additional 244 shares during the period. Finally, GYL Financial Synergies LLC grew its holdings in Bank of New York Mellon by 2.1% during the second quarter. GYL Financial Synergies LLC now owns 12,884 shares of the bank’s stock valued at $569,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 82.40% of the company’s stock.

Shares of NYSE BK opened at $46.98 on Friday. The firm’s 50-day moving average price is $43.99 and its 200-day moving average price is $46.82. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $43.16 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.41 and a beta of 1.11. Bank of New York Mellon Corp has a 12-month low of $40.52 and a 12-month high of $54.27.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Wednesday, July 17th. The bank reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. Bank of New York Mellon had a net margin of 19.93% and a return on equity of 10.74%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts predict that Bank of New York Mellon Corp will post 3.93 EPS for the current fiscal year.

Bank of New York Mellon declared that its board has authorized a stock buyback plan on Thursday, June 27th that allows the company to buyback $3.94 billion in outstanding shares. This buyback authorization allows the bank to reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, Vice Chairman William M. Daley purchased 11,350 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average price of $44.93 per share, with a total value of $509,955.50. Following the purchase, the insider now owns 5,700 shares of the company’s stock, valued at approximately $256,101. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Thomas P. Gibbons sold 318,556 shares of Bank of New York Mellon stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $46.72, for a total value of $14,882,936.32. Following the completion of the transaction, the insider now directly owns 539,052 shares in the company, valued at approximately $25,184,509.44. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

Several equities analysts have weighed in on BK shares. Zacks Investment Research raised Bank of New York Mellon from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Buckingham Research lowered their price objective on Bank of New York Mellon from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, July 18th. Keefe, Bruyette & Woods upgraded Bank of New York Mellon from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $46.00 to $47.00 in a research report on Thursday, July 18th. Morgan Stanley set a $41.00 price objective on Bank of New York Mellon and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, UBS Group lowered their price objective on Bank of New York Mellon from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 26th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.73.

Bank of New York Mellon Company Profile

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.

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

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