The Bank of New York Mellon Co. (NYSE:BK) Stake Lessened by Headlands Technologies LLC

Headlands Technologies LLC lessened its position in The Bank of New York Mellon Co. (NYSE:BKFree Report) by 83.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,649 shares of the bank’s stock after selling 8,604 shares during the quarter. Headlands Technologies LLC’s holdings in Bank of New York Mellon were worth $70,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC raised its holdings in Bank of New York Mellon by 4.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,764 shares of the bank’s stock worth $212,000 after acquiring an additional 224 shares during the period. King Luther Capital Management Corp grew its position in Bank of New York Mellon by 0.6% in the 2nd quarter. King Luther Capital Management Corp now owns 38,109 shares of the bank’s stock worth $1,697,000 after purchasing an additional 224 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its position in Bank of New York Mellon by 0.4% in the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 63,013 shares of the bank’s stock worth $2,805,000 after purchasing an additional 240 shares during the last quarter. Laurel Wealth Advisors Inc. grew its position in Bank of New York Mellon by 1.7% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 14,451 shares of the bank’s stock worth $717,000 after purchasing an additional 245 shares during the last quarter. Finally, McIlrath & Eck LLC grew its position in Bank of New York Mellon by 4.9% in the 2nd quarter. McIlrath & Eck LLC now owns 5,711 shares of the bank’s stock worth $254,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 81.29% of the company’s stock.

Insider Activity at Bank of New York Mellon

In related news, VP Hanneke Smits sold 15,425 shares of Bank of New York Mellon stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.16, for a total transaction of $850,843.00. Following the completion of the transaction, the vice president now directly owns 119,656 shares of the company’s stock, valued at approximately $6,600,224.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Bank of New York Mellon news, VP Hanneke Smits sold 15,425 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.16, for a total value of $850,843.00. Following the completion of the transaction, the vice president now directly owns 119,656 shares of the company’s stock, valued at $6,600,224.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Catherine Keating sold 4,498 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.81, for a total transaction of $246,535.38. Following the completion of the transaction, the vice president now directly owns 123,490 shares of the company’s stock, valued at $6,768,486.90. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on BK. UBS Group raised their price target on shares of Bank of New York Mellon from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Morgan Stanley upgraded shares of Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $52.00 to $62.00 in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Bank of New York Mellon from a “neutral” rating to an “overweight” rating and set a $54.50 price target on the stock in a research report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Bank of New York Mellon presently has an average rating of “Hold” and an average target price of $53.75.

Read Our Latest Stock Report on BK

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock opened at $55.62 on Tuesday. The Bank of New York Mellon Co. has a twelve month low of $39.65 and a twelve month high of $56.42. The firm has a market cap of $42.78 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.14 and a beta of 1.12. The firm’s 50-day simple moving average is $53.00 and its 200-day simple moving average is $47.41. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 0.72.

Bank of New York Mellon (NYSE:BKGet Free Report) last announced its quarterly earnings results on Friday, January 12th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. Bank of New York Mellon had a net margin of 10.01% and a return on equity of 11.62%. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm posted $1.30 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that The Bank of New York Mellon Co. will post 5.23 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Monday, January 22nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, January 19th. Bank of New York Mellon’s dividend payout ratio is currently 42.32%.

About Bank of New York Mellon

(Free Report)

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.

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

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