BOK Financial Private Wealth Inc. Sells 382 Shares of The Bank of New York Mellon Co. (NYSE:BK)

BOK Financial Private Wealth Inc. trimmed its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 29.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 896 shares of the bank’s stock after selling 382 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Bank of New York Mellon were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at $39,000. Ashton Thomas Securities LLC bought a new position in shares of Bank of New York Mellon in the third quarter valued at $46,000. Modus Advisors LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at $49,000. Friedenthal Financial bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at $56,000. Finally, Asset Dedication LLC lifted its stake in shares of Bank of New York Mellon by 342.1% in the fourth quarter. Asset Dedication LLC now owns 756 shares of the bank’s stock valued at $58,000 after buying an additional 585 shares in the last quarter. 85.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Citigroup raised their price target on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. StockNews.com lowered shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley raised their price target on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.71.

Bank of New York Mellon Stock Performance

Shares of BK stock opened at $85.98 on Monday. The firm has a market cap of $61.73 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The Bank of New York Mellon Co. has a 52 week low of $52.64 and a 52 week high of $90.34. The firm’s 50-day simple moving average is $83.85 and its two-hundred day simple moving average is $78.03.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.18. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. As a group, equities analysts forecast that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. Bank of New York Mellon’s payout ratio is 32.36%.

About Bank of New York Mellon

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.