Bank of New York Mellon Corporation $BNY Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 20.9% in the 4th quarter, HoldingsChannel reports. The firm owned 534,120 shares of the bank’s stock after selling 140,851 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Bank of New York Mellon were worth $62,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CenterBook Partners LP acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth about $759,000. Fiera Capital Corp grew its position in shares of Bank of New York Mellon by 66.8% during the fourth quarter. Fiera Capital Corp now owns 236,782 shares of the bank’s stock worth $27,488,000 after buying an additional 94,818 shares in the last quarter. Endeavor Private Wealth Inc. grew its position in shares of Bank of New York Mellon by 0.7% during the fourth quarter. Endeavor Private Wealth Inc. now owns 15,469 shares of the bank’s stock worth $1,796,000 after buying an additional 113 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in shares of Bank of New York Mellon by 19,412.1% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 20,878 shares of the bank’s stock worth $2,424,000 after buying an additional 20,771 shares in the last quarter. Finally, Syon Capital LLC grew its position in shares of Bank of New York Mellon by 16.7% during the fourth quarter. Syon Capital LLC now owns 11,699 shares of the bank’s stock worth $1,358,000 after buying an additional 1,674 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BNY. Keefe, Bruyette & Woods boosted their price objective on Bank of New York Mellon from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada boosted their price objective on Bank of New York Mellon from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. Truist Financial boosted their price objective on Bank of New York Mellon from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Wall Street Zen upgraded Bank of New York Mellon to a “hold” rating in a research note on Saturday, May 23rd. Finally, Evercore set a $136.00 price target on Bank of New York Mellon in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the transaction, the executive vice president owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This trade represents a 37.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.02, for a total value of $719,545.80. Following the transaction, the insider directly owned 17,259 shares in the company, valued at approximately $2,347,569.18. The trade was a 23.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 48,091 shares of company stock worth $6,568,423. 0.17% of the stock is owned by company insiders.

Bank of New York Mellon Stock Up 0.2%

Bank of New York Mellon stock opened at $142.65 on Monday. Bank of New York Mellon Corporation has a 1-year low of $87.41 and a 1-year high of $144.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $97.91 billion, a PE ratio of 17.68, a P/E/G ratio of 1.04 and a beta of 1.07. The stock’s fifty day moving average is $132.70 and its two-hundred day moving average is $122.68.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.31. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the firm earned $1.58 earnings per share. Bank of New York Mellon’s quarterly revenue was up 12.9% on a year-over-year basis. On average, sell-side analysts expect that Bank of New York Mellon Corporation will post 8.78 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.5%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 26.27%.

Bank of New York Mellon Company Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.