BNP Paribas Has $381,000 Stock Holdings in Bank of New York Mellon Corporation $BNY

BNP Paribas trimmed its position in Bank of New York Mellon Corporation (NYSE:BNY) by 95.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,280 shares of the bank’s stock after selling 74,104 shares during the period. BNP Paribas’ holdings in Bank of New York Mellon were worth $381,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Linscomb Wealth Inc. lifted its holdings in shares of Bank of New York Mellon by 2.5% during the 4th quarter. Linscomb Wealth Inc. now owns 3,240 shares of the bank’s stock valued at $376,000 after purchasing an additional 80 shares in the last quarter. Ransom Advisory Ltd lifted its stake in Bank of New York Mellon by 1.3% in the 4th quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after acquiring an additional 85 shares in the last quarter. Mather Group LLC. boosted its position in Bank of New York Mellon by 0.9% during the 4th quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock worth $1,072,000 after acquiring an additional 86 shares during the last quarter. Essex Financial Services Inc. boosted its position in Bank of New York Mellon by 0.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,584 shares of the bank’s stock worth $2,041,000 after acquiring an additional 89 shares during the last quarter. Finally, Vectors Research Management LLC boosted its position in Bank of New York Mellon by 0.7% during the 4th quarter. Vectors Research Management LLC now owns 12,981 shares of the bank’s stock worth $1,507,000 after acquiring an additional 94 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their price target 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. Citigroup initiated coverage on Bank of New York Mellon in a research report on Monday, February 23rd. They set a “neutral” rating for the company. Barclays boosted their price target on Bank of New York Mellon from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Morgan Stanley boosted their price target on Bank of New York Mellon from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Friday, April 17th. Finally, Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.08.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, VP Shannon Marie Hobbs sold 297 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $137.05, for a total value of $40,703.85. Following the transaction, the vice president directly owned 15,206 shares of the company’s stock, valued at $2,083,982.30. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alejandro Perez sold 12,504 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $137.01, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 48,091 shares of company stock valued at $6,568,423. Corporate insiders own 0.17% of the company’s stock.

Bank of New York Mellon Stock Up 0.1%

BNY opened at $142.71 on Wednesday. Bank of New York Mellon Corporation has a 1-year low of $87.41 and a 1-year high of $143.95. The stock’s fifty day simple moving average is $130.63 and its 200 day simple moving average is $121.77. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The stock has a market cap of $97.95 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.07.

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 business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts expect that Bank of New York Mellon Corporation will post 8.78 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, April 27th. Bank of New York Mellon’s dividend payout ratio is currently 26.27%.

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.