Quantbot Technologies LP Makes New $2.35 Million Investment in The Bank of New York Mellon Corporation $BK

Quantbot Technologies LP purchased a new position in shares of The Bank of New York Mellon Corporation (NYSE:BK) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,604 shares of the bank’s stock, valued at approximately $2,354,000.

A number of other institutional investors have also modified their holdings of BK. Caitlin John LLC boosted its position in Bank of New York Mellon by 5.0% during the third quarter. Caitlin John LLC now owns 4,059 shares of the bank’s stock worth $442,000 after acquiring an additional 194 shares during the last quarter. Dunhill Financial LLC lifted its stake in shares of Bank of New York Mellon by 130.8% during the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank’s stock worth $47,000 after purchasing an additional 242 shares during the period. Ibex Wealth Advisors boosted its holdings in shares of Bank of New York Mellon by 9.8% during the third quarter. Ibex Wealth Advisors now owns 54,952 shares of the bank’s stock worth $5,988,000 after purchasing an additional 4,892 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of Bank of New York Mellon by 37.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 8,847 shares of the bank’s stock worth $964,000 after purchasing an additional 2,433 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Bank of New York Mellon by 1.3% in the third quarter. Handelsbanken Fonder AB now owns 299,028 shares of the bank’s stock valued at $32,582,000 after purchasing an additional 3,715 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

NYSE BK opened at $118.01 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71. The Bank of New York Mellon Corporation has a 1-year low of $70.46 and a 1-year high of $128.76. The firm has a market capitalization of $81.06 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.12 and a beta of 1.10. The business’s 50-day simple moving average is $119.74 and its 200-day simple moving average is $112.50.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Friday, October 31st. The bank reported $1.91 EPS for the quarter. The firm had revenue of $5.07 billion for the quarter. Bank of New York Mellon had a net margin of 13.62% and a return on equity of 14.37%. Equities analysts predict that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 23rd were issued a dividend of $0.53 per share. The ex-dividend date was Friday, January 23rd. This represents a $2.12 annualized dividend and a dividend yield of 1.8%. Bank of New York Mellon’s payout ratio is presently 28.61%.

Analyst Ratings Changes

Several research firms recently weighed in on BK. Keefe, Bruyette & Woods increased their target price on Bank of New York Mellon from $132.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Wells Fargo & Company upped their price objective on shares of Bank of New York Mellon from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Truist Financial upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and increased their price objective for the stock from $119.00 to $134.00 in a report on Wednesday, January 7th. New Street Research set a $143.00 target price on shares of Bank of New York Mellon in a report on Wednesday, January 14th. Finally, Weiss Ratings lowered shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.92.

Bank of New York Mellon Company Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.