Banque Cantonale Vaudoise Has $5.34 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Banque Cantonale Vaudoise increased its position in shares of The Bank of New York Mellon Co. (NYSE:BKFree Report) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,606 shares of the bank’s stock after buying an additional 9,055 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Bank of New York Mellon were worth $5,336,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. bought a new position in Bank of New York Mellon during the third quarter worth about $1,766,000. Envestnet Asset Management Inc. raised its stake in shares of Bank of New York Mellon by 47.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,569,319 shares of the bank’s stock valued at $66,931,000 after acquiring an additional 506,752 shares during the last quarter. Invesco Ltd. raised its stake in shares of Bank of New York Mellon by 10.0% in the third quarter. Invesco Ltd. now owns 5,772,146 shares of the bank’s stock valued at $246,182,000 after acquiring an additional 524,912 shares during the last quarter. CI Investments Inc. raised its stake in shares of Bank of New York Mellon by 2.6% in the third quarter. CI Investments Inc. now owns 19,192 shares of the bank’s stock valued at $819,000 after acquiring an additional 495 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of Bank of New York Mellon by 577.4% in the third quarter. Rathbones Group PLC now owns 109,633 shares of the bank’s stock valued at $4,676,000 after acquiring an additional 93,448 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Catherine Keating sold 54,070 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $54.88, for a total value of $2,967,361.60. Following the sale, the vice president now directly owns 78,350 shares of the company’s stock, valued at approximately $4,299,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Catherine Keating sold 54,070 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $54.88, for a total value of $2,967,361.60. Following the sale, the vice president now directly owns 78,350 shares of the company’s stock, valued at approximately $4,299,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 40,000 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $56.15, for a total transaction of $2,246,000.00. Following the completion of the sale, the executive vice president now directly owns 100,404 shares in the company, valued at $5,637,684.60. The disclosure for this sale can be found here. Insiders sold 115,928 shares of company stock valued at $6,475,216 in the last quarter. Company insiders own 0.14% of the company’s stock.

Bank of New York Mellon Trading Down 0.1 %

BK traded down $0.03 during trading on Friday, reaching $58.81. 809,863 shares of the company’s stock were exchanged, compared to its average volume of 3,626,312. The company’s fifty day moving average price is $57.95 and its 200-day moving average price is $55.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.71 and a current ratio of 0.71. The Bank of New York Mellon Co. has a fifty-two week low of $39.66 and a fifty-two week high of $60.87. The firm has a market capitalization of $43.98 billion, a PE ratio of 14.28, a P/E/G ratio of 1.20 and a beta of 1.08.

Bank of New York Mellon (NYSE:BKGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The bank reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.10. Bank of New York Mellon had a net margin of 9.48% and a return on equity of 11.80%. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that The Bank of New York Mellon Co. will post 5.45 EPS for the current year.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, April 26th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, April 25th. Bank of New York Mellon’s dividend payout ratio (DPR) is 40.98%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BK. Morgan Stanley lifted their target price on shares of Bank of New York Mellon from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Evercore ISI raised their price target on shares of Bank of New York Mellon from $57.00 to $61.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Bank of America raised their price target on shares of Bank of New York Mellon from $64.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group raised their price target on shares of Bank of New York Mellon from $67.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $58.00 price target on shares of Bank of New York Mellon in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.17.

Read Our Latest Stock Report on Bank of New York Mellon

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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