The Bank of New York Mellon Corporation $BK Stock Position Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,092 shares of the bank’s stock after acquiring an additional 12,013 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bank of New York Mellon were worth $11,215,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Apollon Wealth Management LLC boosted its stake in shares of Bank of New York Mellon by 4.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 27,858 shares of the bank’s stock worth $2,538,000 after acquiring an additional 1,288 shares in the last quarter. Hemington Wealth Management boosted its position in shares of Bank of New York Mellon by 6.3% in the second quarter. Hemington Wealth Management now owns 1,730 shares of the bank’s stock worth $157,000 after buying an additional 102 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of Bank of New York Mellon by 43.5% in the second quarter. Fifth Third Wealth Advisors LLC now owns 20,895 shares of the bank’s stock worth $1,904,000 after buying an additional 6,333 shares during the period. Aberdeen Group plc boosted its position in shares of Bank of New York Mellon by 10.5% in the second quarter. Aberdeen Group plc now owns 676,637 shares of the bank’s stock worth $61,608,000 after buying an additional 64,157 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in shares of Bank of New York Mellon by 12.5% in the second quarter. JFS Wealth Advisors LLC now owns 4,738 shares of the bank’s stock worth $432,000 after buying an additional 527 shares during the period. 85.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $98.45, for a total value of $1,969,000.00. Following the completion of the sale, the executive vice president owned 35,115 shares of the company’s stock, valued at $3,457,071.75. The trade was a 36.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BK has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Bank of New York Mellon from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. TD Cowen initiated coverage on Bank of New York Mellon in a research report on Thursday, September 25th. They issued a “buy” rating for the company. Citigroup raised their target price on Bank of New York Mellon from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bank of New York Mellon in a research report on Wednesday, October 8th. Finally, Truist Financial increased their price objective on Bank of New York Mellon from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.77.

Bank of New York Mellon Price Performance

Shares of NYSE:BK opened at $104.63 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The Bank of New York Mellon Corporation has a 1 year low of $70.46 and a 1 year high of $110.87. The business has a fifty day simple moving average of $105.10 and a 200 day simple moving average of $93.80. The firm has a market cap of $73.79 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.98 and a beta of 1.13.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Tuesday, March 26th. The bank reported $1.30 earnings per share (EPS) for the quarter. Bank of New York Mellon had a return on equity of 13.46% and a net margin of 12.27%.The business had revenue of $4.38 billion during the quarter. As a group, sell-side analysts predict that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were given a $0.53 dividend. This is an increase from Bank of New York Mellon’s previous quarterly dividend of $0.47. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, July 25th. Bank of New York Mellon’s payout ratio is presently 32.37%.

Bank of New York Mellon 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.