One Wealth Advisors LLC Acquires 889 Shares of The Bank of New York Mellon Co. (NYSE:BK)

One Wealth Advisors LLC grew its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 20.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,202 shares of the bank’s stock after purchasing an additional 889 shares during the period. One Wealth Advisors LLC’s holdings in Bank of New York Mellon were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BK. Grove Bank & Trust boosted its stake in Bank of New York Mellon by 28.8% in the 3rd quarter. Grove Bank & Trust now owns 644 shares of the bank’s stock worth $46,000 after purchasing an additional 144 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in Bank of New York Mellon by 4.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,847 shares of the bank’s stock valued at $231,000 after acquiring an additional 165 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in Bank of New York Mellon by 3.8% during the 2nd quarter. Lake Street Advisors Group LLC now owns 4,698 shares of the bank’s stock worth $281,000 after acquiring an additional 171 shares during the period. Mezzasalma Advisors LLC lifted its stake in Bank of New York Mellon by 4.2% in the 3rd quarter. Mezzasalma Advisors LLC now owns 4,480 shares of the bank’s stock worth $322,000 after purchasing an additional 181 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in Bank of New York Mellon by 0.7% in the 1st quarter. Greenleaf Trust now owns 28,349 shares of the bank’s stock valued at $1,633,000 after purchasing an additional 187 shares during the period. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on BK shares. Wells Fargo & Company upped their price objective on shares of Bank of New York Mellon from $69.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore ISI increased their price target on shares of Bank of New York Mellon from $66.00 to $77.00 and gave the company an “in-line” rating in a research report on Monday. Morgan Stanley upped their price objective on shares of Bank of New York Mellon from $72.00 to $78.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Barclays raised their price objective on Bank of New York Mellon from $75.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Bank of New York Mellon currently has an average rating of “Moderate Buy” and a consensus price target of $76.69.

Bank of New York Mellon Trading Up 0.5 %

Shares of Bank of New York Mellon stock traded up $0.42 on Thursday, hitting $77.72. 336,022 shares of the company traded hands, compared to its average volume of 3,872,162. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.85. The company has a market cap of $58.12 billion, a PE ratio of 17.89, a PEG ratio of 1.16 and a beta of 1.08. The stock’s 50 day moving average price is $69.26 and its 200-day moving average price is $62.83. The Bank of New York Mellon Co. has a 52 week low of $41.15 and a 52 week high of $78.03.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, October 21st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.42%. Bank of New York Mellon’s dividend payout ratio is currently 43.52%.

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.