Vinva Investment Management Ltd Has $12.10 Million Stock Holdings in The Bank of New York Mellon Corporation $BK

Vinva Investment Management Ltd grew its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 59.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,250 shares of the bank’s stock after acquiring an additional 41,200 shares during the period. Vinva Investment Management Ltd’s holdings in Bank of New York Mellon were worth $12,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in Bank of New York Mellon during the third quarter valued at approximately $33,000. Caldwell Trust Co bought a new position in Bank of New York Mellon in the second quarter valued at approximately $36,000. Westside Investment Management Inc. increased its position in shares of Bank of New York Mellon by 44.1% during the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after purchasing an additional 127 shares during the last quarter. Dunhill Financial LLC increased its position 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 last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Bank of New York Mellon during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BK shares. Keefe, Bruyette & Woods increased their price objective on Bank of New York Mellon from $132.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Wells Fargo & Company upped their price target on shares of Bank of New York Mellon from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report 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 target for the company from $119.00 to $134.00 in a research note on Wednesday, January 7th. New Street Research set a $143.00 price objective on shares of Bank of New York Mellon in a research report on Wednesday, January 14th. Finally, Citigroup began coverage on shares of Bank of New York Mellon in a research note on Monday, February 23rd. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.92.

Bank of New York Mellon Stock Down 1.3%

BK opened at $115.22 on Friday. The Bank of New York Mellon Corporation has a 1-year low of $70.46 and a 1-year high of $128.76. The stock’s fifty day simple moving average is $119.69 and its 200 day simple moving average is $112.74. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. The stock has a market cap of $79.15 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.08 and a beta of 1.10.

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

Bank of New York Mellon Announces Dividend

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

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.