As Bank New York Mellon (BK) Shares Declined, Shareholder Altfest LJ & Company Has …



July 13, 2018 – By Richard Slagle

Sabre Corporation (NASDAQ:SABR) Logo

State Board Of Administration Of Florida Retirement System increased its stake in Sabre Corp (SABR) by 8.11% based on its latest 2018Q1 regulatory filing with the SEC. State Board Of Administration Of Florida Retirement System bought 17,053 shares as the company’s stock rose 0.63% while stock markets declined. The institutional investor held 227,306 shares of the programming company at the end of 2018Q1, valued at $4.88M, up from 210,253 at the end of the previous reported quarter. State Board Of Administration Of Florida Retirement System who had been investing in Sabre Corp for a number of months, seems to be bullish on the $7.12 billion market cap company. The stock decreased 0.31% or $0.08 during the last trading session, reaching $25.92. About 398,523 shares traded. Sabre Corporation (NASDAQ:SABR) has risen 4.27% since July 13, 2017 and is uptrending. It has underperformed by 8.30% the S&P500. Some Historical SABR News: 01/05/2018 – Sabre Sees 2018 Rev $3.76B-$3.84B; 01/05/2018 – SABRE RAISED YEAR 2018 GUIDANCE; 29/05/2018 – BC PARTNERS, ANGUS BALL SELLING UP TO 45.5M SHRS IN SABRE; 07/05/2018 – SABRE DACs from ESS Technology to Integrate MQA Rendering, Studio-Quality Sound Made Simple; 22/03/2018 – SABRE INSURANCE GROUP PLC SBRE.L – FY RETURN ON OPENING SCR 92.1% VS 93.2%; 10/04/2018 – Sabre makes major innovation announcement to bring industry-first Digital Airline Commercial Platform to market at Sabre Techno; 01/05/2018 – Alaska Airlines Migrates Virgin Amer Into Their Sabre Passenger Services System; 23/05/2018 – S&PGR: Expect Sabre Will Maintain Leadership Position in Global Travel Distribution Systems Business and Grow Airlines Solution and Hospitality Business; 29/05/2018 – BARCLAYS BANK – BARCLAYS BANK, ACTING THROUGH ITS INVESTMENT BANK ARE ACTING AS SOLE GLOBAL COORDINATOR AND BOOKRUNNER FOR SABRE INSURANCE ACCELERATED BOOKBUILT OFFERING; 01/05/2018 – SABRE R1Q ADJ. EPS 44C, EST. 41C

Altfest L J & Company Inc decreased its stake in Bank New York Mellon Corp (BK) by 51.95% based on its latest 2018Q1 regulatory filing with the SEC. Altfest L J & Company Inc sold 16,247 shares as the company’s stock declined 2.03% with the market. The institutional investor held 15,025 shares of the major banks company at the end of 2018Q1, valued at $774,000, down from 31,272 at the end of the previous reported quarter. Altfest L J & Company Inc who had been investing in Bank New York Mellon Corp for a number of months, seems to be less bullish one the $53.90 billion market cap company. The stock decreased 0.32% or $0.17 during the last trading session, reaching $53.33. About 1.51 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since July 13, 2017 and is uptrending. It has outperformed by 7.73% the S&P500. Some Historical BK News: 17/05/2018 – REG-Bank of New York Mellon Net Asset Value(s); 04/04/2018 – Agria Corporation Reiterates Need for ADS Holders to Take Action on ADR Program Termination; 10/04/2018 – 12ZZ: Bank of New York Mellon: FRN Variable Rate Fix; 05/03/2018 41AL: Bank of New York Mellon: FRN Variable Rate Fix; 15/03/2018 – 45WV: Bank of New York Mellon: FRN Variable Rate Fix; 14/03/2018 – ETFs not to blame for market turbulence, says BNY Mellon; 09/04/2018 – BNY Mellon’s Lockwood Issues First Quarter Investment Insights; 26/03/2018 – REG-Bank of New York Mellon Early Redemption(s); 30/04/2018 – 16CL: Bank of New York Mellon: FRN Variable Rate Fix; 14/03/2018 – 45XX: Bank of New York Mellon: FRN Variable Rate Fix

More news for The Bank of New York Mellon Corporation (NYSE:BK) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: AT&T, BlackRock, Broadcom, Diageo, Kinross Gold, United Rentals, Williams …” on July 13, 2018. Seekingalpha.com‘s article titled: “Banks lead group of expected dividend hikers next week” and published on July 13, 2018 is yet another important article.

Altfest L J & Company Inc, which manages about $231.81 million US Long portfolio, upped its stake in First Tr Exchange Traded Fd (EMLP) by 68,752 shares to 77,198 shares, valued at $1.69 million in 2018Q1, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 4,238 shares in the quarter, for a total of 43,807 shares, and has risen its stake in Schwab Strategic Tr (SCHB).

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.12, from 0.99 in 2017Q4. It dropped, as 53 investors sold BK shares while 340 reduced holdings. 81 funds opened positions while 260 raised stakes. 812.17 million shares or 1.50% less from 824.52 million shares in 2017Q4 were reported. Barrow Hanley Mewhinney & Strauss Limited invested in 2.28M shares. Arete Wealth Advsrs Ltd Llc stated it has 7,465 shares or 0.13% of all its holdings. Element Mgmt Ltd Llc owns 18,484 shares or 0.02% of their US portfolio. Oregon Employees Retirement Fund invested 0.09% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Westchester Cap Mgmt Inc holds 3.93% in The Bank of New York Mellon Corporation (NYSE:BK) or 180,664 shares. Boys Arnold & Inc accumulated 8,620 shares or 0.07% of the stock. Vulcan Value has invested 2.89% in The Bank of New York Mellon Corporation (NYSE:BK). Leisure Cap Mngmt invested 0.23% in The Bank of New York Mellon Corporation (NYSE:BK). Kentucky Retirement Ins Tru Fund stated it has 0.23% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Fil Ltd invested 0.8% in The Bank of New York Mellon Corporation (NYSE:BK). Greenleaf, Michigan-based fund reported 325 shares. Aspiriant owns 7,081 shares. Mariner has invested 0.02% in The Bank of New York Mellon Corporation (NYSE:BK). Srb Corporation accumulated 3,627 shares or 0.02% of the stock. Optimum Invest Advisors owns 0.2% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 12,930 shares.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Thursday, June 22. The stock has “Neutral” rating by JP Morgan on Friday, January 6. The rating was maintained by Argus Research with “Buy” on Tuesday, July 21. The firm has “Hold” rating by RBC Capital Markets given on Monday, November 13. Deutsche Bank maintained it with “Buy” rating and $51 target in Friday, September 9 report. The rating was maintained by Jefferies on Tuesday, January 9 with “Hold”. Citigroup maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Monday, October 9. Citigroup has “Neutral” rating and $56 target. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Thursday, March 8 by Keefe Bruyette & Woods. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Underweight” rating by JP Morgan on Friday, January 19. The rating was maintained by Sandler O’Neill on Monday, April 9 with “Hold”.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on July, 19 before the open. They expect $1.03 EPS, up 11.96% or $0.11 from last year’s $0.92 per share. BK’s profit will be $1.04B for 12.94 P/E if the $1.03 EPS becomes a reality. After $1.10 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -6.36% negative EPS growth.

Investors sentiment increased to 1.76 in Q1 2018. Its up 0.29, from 1.47 in 2017Q4. It is positive, as 19 investors sold SABR shares while 76 reduced holdings. 62 funds opened positions while 105 raised stakes. 289.05 million shares or 1.83% less from 294.44 million shares in 2017Q4 were reported. Hbk Invests Lp reported 0.01% in Sabre Corporation (NASDAQ:SABR). Oz Mgmt Lp holds 0.02% or 124,798 shares in its portfolio. Ascend Cap Limited Liability Co invested 0.43% of its portfolio in Sabre Corporation (NASDAQ:SABR). Quantitative Systematic Strategies Limited Company holds 26,800 shares. Fmr Ltd Com owns 564,906 shares or 0% of their US portfolio. Lincoln Limited Liability Corp accumulated 18,296 shares or 0.21% of the stock. Hsbc Holding Public Limited Liability stated it has 17,931 shares. Apg Asset Mngmt Nv holds 0% or 97,295 shares in its portfolio. Toronto Dominion Bank & Trust stated it has 15,050 shares or 0% of all its holdings. One Trading LP invested 0% of its portfolio in Sabre Corporation (NASDAQ:SABR). Omers Administration holds 0.01% or 38,200 shares. Caprock Gru owns 18,405 shares or 0.08% of their US portfolio. Fund Mngmt holds 0% or 24,100 shares. Citigroup owns 0% invested in Sabre Corporation (NASDAQ:SABR) for 48,468 shares. State Board Of Administration Of Florida Retirement Sys invested 0.01% of its portfolio in Sabre Corporation (NASDAQ:SABR).

State Board Of Administration Of Florida Retirement System, which manages about $36.46B US Long portfolio, decreased its stake in Charter Communications Inc N by 16,826 shares to 252,586 shares, valued at $78.61 million in 2018Q1, according to the filing. It also reduced its holding in Oracle Corp (NYSE:ORCL) by 67,855 shares in the quarter, leaving it with 4.04 million shares, and cut its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Among 14 analysts covering Sabre Corporation (NASDAQ:SABR), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Sabre Corporation had 31 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, February 8, the company rating was maintained by Mizuho. On Friday, January 5 the stock rating was downgraded by Evercore to “Underperform”. The firm earned “Buy” rating on Wednesday, March 7 by Cowen & Co. As per Wednesday, February 14, the company rating was maintained by Cowen & Co. The firm earned “Buy” rating on Wednesday, August 5 by Mizuho. The company was downgraded on Tuesday, February 14 by Bank of America. The firm earned “Buy” rating on Tuesday, July 25 by Oppenheimer. Sterne Agee CRT initiated Sabre Corporation (NASDAQ:SABR) rating on Wednesday, April 13. Sterne Agee CRT has “Buy” rating and $33 target. The stock of Sabre Corporation (NASDAQ:SABR) has “Buy” rating given on Wednesday, June 6 by Deutsche Bank. Deutsche Bank maintained the stock with “Buy” rating in Monday, February 26 report.

Sabre Corporation (NASDAQ:SABR) Institutional Positions Chart

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