Bank of New York Mellon Corp (BK) Holdings Lifted by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Bank of New York Mellon Corp (NYSE:BK) by 34.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,689 shares of the bank’s stock after acquiring an additional 1,194 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Bank of New York Mellon were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Candriam Luxembourg S.C.A. lifted its holdings in Bank of New York Mellon by 4.9% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 82,014 shares of the bank’s stock worth $4,417,000 after acquiring an additional 3,854 shares in the last quarter. NuWave Investment Management LLC bought a new position in Bank of New York Mellon during the fourth quarter worth about $1,254,000. Wealthstreet Investment Advisors LLC bought a new stake in shares of Bank of New York Mellon in the fourth quarter valued at about $334,000. Girard Partners LTD. bought a new stake in shares of Bank of New York Mellon in the fourth quarter valued at about $202,000. Finally, Bristol Gate Capital Partners Inc. bought a new stake in shares of Bank of New York Mellon in the fourth quarter valued at about $31,638,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

A number of analysts have recently commented on BK shares. Barclays boosted their price target on Bank of New York Mellon from $55.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price target (up from $52.85) on shares of Bank of New York Mellon in a report on Friday, October 20th. Morgan Stanley boosted their price target on Bank of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and issued a $58.00 price target on shares of Bank of New York Mellon in a report on Wednesday, November 15th. Finally, Sandler O’Neill restated a “hold” rating and issued a $58.00 price target on shares of Bank of New York Mellon in a report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.76.

Shares of Bank of New York Mellon Corp (NYSE:BK) opened at $55.98 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $55,546.75, a PE ratio of 15.18, a P/E/G ratio of 1.74 and a beta of 1.21. Bank of New York Mellon Corp has a 12-month low of $45.12 and a 12-month high of $58.99.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Thursday, January 18th. The bank reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4.01 billion. Bank of New York Mellon had a return on equity of 10.69% and a net margin of 24.72%. Bank of New York Mellon’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. research analysts expect that Bank of New York Mellon Corp will post 4.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Tuesday, January 30th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio is currently 25.74%.

In other Bank of New York Mellon news, Director Edward P. Garden sold 143,792 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $52.52, for a total transaction of $7,551,955.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas P. Gibbons sold 38,152 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $54.15, for a total value of $2,065,930.80. Following the transaction, the chief financial officer now directly owns 310,002 shares in the company, valued at approximately $16,786,608.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 831,944 shares of company stock worth $43,807,887. 3.60% of the stock is owned by company insiders.

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About Bank of New York Mellon

The Bank of New York Mellon Corporation 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 the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

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

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