Kera Capital Partners Inc. Buys New Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Kera Capital Partners Inc. acquired a new stake in The Bank of New York Mellon Co. (NYSE:BK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,627 shares of the bank’s stock, valued at approximately $202,000.

A number of other hedge funds also recently made changes to their positions in BK. HB Wealth Management LLC lifted its holdings in Bank of New York Mellon by 37.9% during the 4th quarter. HB Wealth Management LLC now owns 18,815 shares of the bank’s stock valued at $1,446,000 after purchasing an additional 5,172 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Bank of New York Mellon by 11.3% in the fourth quarter. Trust Co. of Vermont now owns 9,358 shares of the bank’s stock valued at $719,000 after purchasing an additional 949 shares during the period. Premier Path Wealth Partners LLC lifted its stake in shares of Bank of New York Mellon by 1.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 23,044 shares of the bank’s stock worth $1,770,000 after buying an additional 319 shares during the last quarter. Sanibel Captiva Trust Company Inc. grew its stake in Bank of New York Mellon by 3.2% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 15,966 shares of the bank’s stock valued at $1,227,000 after buying an additional 494 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Bank of New York Mellon by 1,011.9% in the 4th quarter. Arkadios Wealth Advisors now owns 52,447 shares of the bank’s stock valued at $4,030,000 after acquiring an additional 47,730 shares during the period. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon Stock Performance

NYSE:BK opened at $83.31 on Monday. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $83.67. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. The stock’s 50-day simple moving average is $78.87 and its 200 day simple moving average is $72.32. The firm has a market capitalization of $60.57 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.28 EPS. On average, analysts anticipate that The Bank of New York Mellon Co. will post 5.87 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.26%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 40.87%.

Analyst Ratings Changes

A number of brokerages have commented on BK. Deutsche Bank Aktiengesellschaft upped their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com cut shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. increased 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $79.00 price target on shares of Bank of New York Mellon in a research report on Monday, October 14th. Finally, Citigroup increased their price target on Bank of New York Mellon from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.14.

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.