Rockefeller Capital Management L.P. Raises Stock Holdings in Bank of New York Mellon Corporation $BNY

Rockefeller Capital Management L.P. lifted its stake in Bank of New York Mellon Corporation (NYSE:BNY) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,899 shares of the bank’s stock after buying an additional 21,506 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Bank of New York Mellon were worth $16,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Bank of New York Mellon in the fourth quarter worth $220,000. Sivia Capital Partners LLC lifted its stake in shares of Bank of New York Mellon by 36.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock valued at $309,000 after buying an additional 909 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Bank of New York Mellon during the 2nd quarter valued at $2,482,000. Treasurer of the State of North Carolina boosted its holdings in Bank of New York Mellon by 1.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock worth $30,466,000 after buying an additional 5,445 shares during the period. Finally, Osterweis Capital Management Inc. boosted its holdings in Bank of New York Mellon by 11,890.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock worth $109,000 after buying an additional 1,189 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of New York Mellon

In other news, EVP Alejandro Perez sold 12,504 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the completion of the transaction, the executive vice president directly owned 62,613 shares in the company, valued at approximately $8,578,607.13. This represents a 16.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shannon Marie Hobbs sold 297 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the transaction, the vice president directly owned 15,206 shares of the company’s stock, valued at approximately $2,083,982.30. This trade represents a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 48,091 shares of company stock worth $6,568,423. 0.17% of the stock is owned by insiders.

Bank of New York Mellon Stock Up 0.7%

BNY opened at $147.43 on Wednesday. The company has a market capitalization of $101.19 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.07 and a beta of 1.07. The firm has a 50-day simple moving average of $137.93 and a two-hundred day simple moving average of $125.55. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. Bank of New York Mellon Corporation has a 52 week low of $89.45 and a 52 week high of $148.50.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.31. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. Analysts forecast that Bank of New York Mellon Corporation will post 8.78 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently declared 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. This represents a $2.12 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, April 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 26.27%.

Analyst Ratings Changes

BNY has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Keefe, Bruyette & Woods lifted their target price on Bank of New York Mellon from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Evercore set a $136.00 price target on Bank of New York Mellon in a report on Friday, April 17th. Citigroup upped their price target on Bank of New York Mellon from $136.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Bank of New York Mellon from $130.50 to $140.00 and gave the company an “overweight” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.46.

About Bank of New York Mellon

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.