Bank of New York Mellon Corp (NYSE:BK) Holdings Lifted by Schroder Investment Management …

Schroder Investment Management Group increased its holdings in Bank of New York Mellon Corp (NYSE:BK) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,496 shares of the bank’s stock after buying an additional 3,290 shares during the period. Schroder Investment Management Group’s holdings in Bank of New York Mellon were worth $4,612,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BK. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $120,000. Centaurus Financial Inc. acquired a new position in shares of Bank of New York Mellon during the 1st quarter valued at about $126,000. Taylor Hoffman Wealth Management acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $144,000. Blume Capital Management Inc. acquired a new position in shares of Bank of New York Mellon during the 1st quarter valued at about $162,000. Finally, Delpha Capital Management LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $166,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

A number of analysts recently issued reports on the stock. Deutsche Bank dropped their target price on shares of Bank of New York Mellon from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, April 6th. Bank of America raised shares of Bank of New York Mellon from an “underperform” rating to a “neutral” rating and set a $52.00 target price for the company in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Wednesday, May 16th. Keefe, Bruyette & Woods set a $57.00 price objective on shares of Bank of New York Mellon and gave the company a “hold” rating in a research report on Thursday, March 8th. Finally, ValuEngine downgraded shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $58.32.

Bank of New York Mellon traded down $0.54, reaching $56.78, during mid-day trading on Thursday, Marketbeat.com reports. 179,236 shares of the stock were exchanged, compared to its average volume of 4,832,256. The firm has a market cap of $58.32 billion, a P/E ratio of 15.76, a PEG ratio of 1.74 and a beta of 1.20. Bank of New York Mellon Corp has a 1-year low of $49.00 and a 1-year high of $58.99. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.77.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Thursday, April 19th. The bank reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Bank of New York Mellon had a return on equity of 11.27% and a net margin of 25.20%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Bank of New York Mellon’s revenue was up 8.7% compared to the same quarter last year. sell-side analysts expect that Bank of New York Mellon Corp will post 4.27 EPS for the current year.

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 4,701 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $57.44, for a total transaction of $270,025.44. Following the completion of the sale, the insider now directly owns 16,487 shares in the company, valued at approximately $947,013.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mitchell E. Harris sold 48,000 shares of the firm’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $56.00, for a total value of $2,688,000.00. Following the sale, the insider now owns 166,810 shares of the company’s stock, valued at $9,341,360. The disclosure for this sale can be found here. Insiders sold a total of 67,701 shares of company stock valued at $3,796,375 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Bank of New York Mellon Profile

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

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

Receive News & Ratings for Bank of New York Mellon Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bank of New York Mellon and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.