United Advisor Group LLC Purchases 556 Shares of The Bank of New York Mellon Corporation $BK

United Advisor Group LLC increased its holdings in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 11.1% during the second quarter, Holdings Channel reports. The fund owned 5,559 shares of the bank’s stock after purchasing an additional 556 shares during the period. United Advisor Group LLC’s holdings in Bank of New York Mellon were worth $506,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. increased its stake in shares of Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock valued at $26,000 after buying an additional 127 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Bank of New York Mellon in the 1st quarter valued at about $32,000. Hoey Investments Inc. bought a new position in shares of Bank of New York Mellon in the second quarter worth about $32,000. McClarren Financial Advisors Inc. bought a new stake in shares of Bank of New York Mellon during the first quarter valued at approximately $34,000. Finally, GFG Capital LLC acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at approximately $36,000. Institutional investors own 85.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Bank of New York Mellon from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Morgan Stanley raised their price target on Bank of New York Mellon from $101.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Barclays lifted their price objective on Bank of New York Mellon from $104.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods upped their target price on shares of Bank of New York Mellon from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Citigroup lifted their price target on shares of 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. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average price target of $111.29.

Bank of New York Mellon Trading Up 0.7%

NYSE:BK opened at $107.51 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Corporation has a 1-year low of $70.46 and a 1-year high of $113.74. The firm has a market capitalization of $74.97 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.98 and a beta of 1.13. The business’s 50-day moving average price is $107.81 and its two-hundred day moving average price is $99.62.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Tuesday, March 26th. The bank reported $1.30 EPS for the quarter. The company had revenue of $4.38 billion during the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%. On average, equities analysts expect that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Monday, October 27th were issued a $0.53 dividend. The ex-dividend date was Monday, October 27th. This represents a $2.12 annualized dividend and a yield of 2.0%. Bank of New York Mellon’s dividend payout ratio (DPR) is 30.59%.

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.