Fmr LLC Has $50,994,000 Stake in Bank of New York Mellon Corp (BK)

Fmr LLC lowered its stake in Bank of New York Mellon Corp (NYSE:BK) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,076,267 shares of the company’s stock after selling 16,474 shares during the period. Fmr LLC owned 0.10% of Bank of New York Mellon Corp worth $50,994,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BK. Hudock Capital Group LLC boosted its stake in Bank of New York Mellon Corp by 0.3% in the third quarter. Hudock Capital Group LLC now owns 2,534 shares of the company’s stock valued at $101,000 after buying an additional 7 shares during the period. Kistler Tiffany Companies LLC boosted its stake in Bank of New York Mellon Corp by 0.3% in the third quarter. Kistler Tiffany Companies LLC now owns 4,117 shares of the company’s stock valued at $164,000 after buying an additional 14 shares during the period. Alpha Windward LLC boosted its stake in Bank of New York Mellon Corp by 0.8% in the third quarter. Alpha Windward LLC now owns 5,392 shares of the company’s stock valued at $215,000 after buying an additional 41 shares during the period. Essex Financial Services Inc. boosted its stake in Bank of New York Mellon Corp by 0.3% in the fourth quarter. Essex Financial Services Inc. now owns 13,580 shares of the company’s stock valued at $643,000 after buying an additional 45 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its stake in Bank of New York Mellon Corp by 0.7% in the third quarter. Berkshire Asset Management LLC PA now owns 7,397 shares of the company’s stock valued at $295,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

Institutional Ownership by Quarter for Bank of New York Mellon Corp (NYSE:BK)

Bank of New York Mellon Corp (NYSE:BK) opened at 47.21 on Tuesday. The firm’s 50 day moving average price is $46.88 and its 200-day moving average price is $44.99. Bank of New York Mellon Corp has a 52 week low of $35.44 and a 52 week high of $49.54. The firm has a market cap of $48.98 billion, a PE ratio of 14.99 and a beta of 1.32.

Bank of New York Mellon Corp (NYSE:BK) last announced its earnings results on Thursday, January 19th. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Bank of New York Mellon Corp had a net margin of 22.64% and a return on equity of 9.74%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the business earned $0.68 EPS. The company’s revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that Bank of New York Mellon Corp will post $3.46 EPS for the current year.

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BK has been the topic of a number of research analyst reports. Zacks Investment Research cut Bank of New York Mellon Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Buckingham Research cut Bank of New York Mellon Corp from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Monday, November 21st. Evercore ISI cut Bank of New York Mellon Corp from a “hold” rating to an “underperform” rating and set a $48.00 target price on the stock. in a report on Friday, March 3rd. Credit Suisse Group AG initiated coverage on Bank of New York Mellon Corp in a report on Tuesday, November 22nd. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $54.00 target price (up previously from $50.00) on shares of Bank of New York Mellon Corp in a report on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.92.

In other Bank of New York Mellon Corp news, Vice Chairman Brian T. Shea sold 199,676 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $45.07, for a total transaction of $8,999,397.32. Following the sale, the insider now directly owns 348,486 shares of the company’s stock, valued at approximately $15,706,264.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is owned by insiders.

About Bank of New York Mellon Corp

The Bank of New York Mellon Corporation (BNY Mellon) is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

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