The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by US Bancorp DE

US Bancorp DE lifted its position in The Bank of New York Mellon Co. (NYSE:BK) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,850 shares of the bank’s stock after acquiring an additional 14,305 shares during the period. US Bancorp DE’s holdings in Bank of New York Mellon were worth $16,661,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BK. Fisher Asset Management LLC boosted its holdings in shares of Bank of New York Mellon by 21.9% during the fourth quarter. Fisher Asset Management LLC now owns 5,707 shares of the bank’s stock worth $438,000 after purchasing an additional 1,025 shares during the period. SVB Wealth LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at approximately $3,469,000. Flputnam Investment Management Co. raised its position in shares of Bank of New York Mellon by 4.0% in the fourth quarter. Flputnam Investment Management Co. now owns 9,979 shares of the bank’s stock valued at $767,000 after purchasing an additional 383 shares during the period. Private Trust Co. NA raised its position in shares of Bank of New York Mellon by 14.0% in the fourth quarter. Private Trust Co. NA now owns 7,071 shares of the bank’s stock valued at $543,000 after purchasing an additional 866 shares during the period. Finally, QRG Capital Management Inc. increased its position in Bank of New York Mellon by 11.9% during the fourth quarter. QRG Capital Management Inc. now owns 339,042 shares of the bank’s stock worth $26,049,000 after acquiring an additional 36,017 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Bank of New York Mellon Stock Down 0.7 %

NYSE:BK opened at $88.32 on Tuesday. The Bank of New York Mellon Co. has a 1 year low of $52.64 and a 1 year high of $90.34. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The stock has a market cap of $64.22 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.97 and a beta of 1.08. The stock has a 50-day moving average price of $83.24 and a two-hundred day moving average price of $77.46.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations 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 revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, equities analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.13%. Bank of New York Mellon’s dividend payout ratio is currently 32.36%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BK. Barclays boosted their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Truist Financial raised their price target on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Evercore ISI boosted their target price on Bank of New York Mellon from $79.00 to $83.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.71.

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.