Metis Global Partners LLC Sells 2,212 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Metis Global Partners LLC cut its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,768 shares of the bank’s stock after selling 2,212 shares during the quarter. Metis Global Partners LLC’s holdings in Bank of New York Mellon were worth $3,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BK. US Bancorp DE grew its position in Bank of New York Mellon by 7.1% during the 4th quarter. US Bancorp DE now owns 216,850 shares of the bank’s stock worth $16,661,000 after acquiring an additional 14,305 shares during the last quarter. Fisher Asset Management LLC grew its position in Bank of New York Mellon by 21.9% during the 4th quarter. Fisher Asset Management LLC now owns 5,707 shares of the bank’s stock worth $438,000 after acquiring an additional 1,025 shares during the last quarter. SVB Wealth LLC bought a new position in Bank of New York Mellon during the 4th quarter worth approximately $3,469,000. Flputnam Investment Management Co. grew its position in Bank of New York Mellon by 4.0% during the 4th quarter. Flputnam Investment Management Co. now owns 9,979 shares of the bank’s stock worth $767,000 after acquiring an additional 383 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Bank of New York Mellon by 14.0% during the 4th quarter. Private Trust Co. NA now owns 7,071 shares of the bank’s stock worth $543,000 after acquiring an additional 866 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Stock Up 2.3 %

Bank of New York Mellon stock opened at $88.86 on Friday. The firm has a market cap of $64.60 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.97 and a beta of 1.08. The stock has a fifty day simple moving average of $83.02 and a two-hundred day simple moving average of $77.21. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $89.44. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. Equities analysts predict that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s payout ratio is 32.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America raised their price target on Bank of New York Mellon from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Truist Financial increased their price objective on Bank of New York Mellon from $91.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. StockNews.com cut Bank of New York Mellon from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, UBS Group increased their price objective on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Bank of New York Mellon has an average rating of “Moderate Buy” and an average price target of $88.00.

Bank of New York Mellon Company Profile

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.