4,030 Shares in The Bank of New York Mellon Co. (NYSE:BK) Acquired by Brighton Jones LLC

Brighton Jones LLC purchased a new position in shares of The Bank of New York Mellon Co. (NYSE:BK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,030 shares of the bank’s stock, valued at approximately $210,000.

A number of other institutional investors have also added to or reduced their stakes in BK. Commonwealth Equity Services LLC raised its stake in shares of Bank of New York Mellon by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 190,074 shares of the bank’s stock worth $8,107,000 after purchasing an additional 1,905 shares during the last quarter. Raymond James & Associates raised its stake in shares of Bank of New York Mellon by 5.9% in the third quarter. Raymond James & Associates now owns 470,999 shares of the bank’s stock worth $20,088,000 after purchasing an additional 26,219 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Bank of New York Mellon by 1.4% in the third quarter. Stratos Wealth Partners LTD. now owns 22,285 shares of the bank’s stock worth $950,000 after purchasing an additional 301 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of Bank of New York Mellon in the third quarter worth approximately $218,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Bank of New York Mellon by 3.7% in the third quarter. Bank of New York Mellon Corp now owns 6,387,455 shares of the bank’s stock worth $272,425,000 after purchasing an additional 226,834 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon Price Performance

Shares of NYSE BK opened at $57.01 on Friday. The stock has a fifty day simple moving average of $56.14 and a two-hundred day simple moving average of $52.19. The Bank of New York Mellon Co. has a 1-year low of $39.65 and a 1-year high of $58.28. The firm has a market cap of $42.92 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.11. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.90.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Tuesday, April 16th. The bank reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.10. Bank of New York Mellon had a return on equity of 11.80% and a net margin of 9.48%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts anticipate that The Bank of New York Mellon Co. will post 5.43 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Friday, April 26th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, April 25th. Bank of New York Mellon’s payout ratio is currently 40.98%.

Analyst Ratings Changes

BK has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on Bank of New York Mellon from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore ISI increased their price target on Bank of New York Mellon from $57.00 to $61.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. UBS Group increased their price target on Bank of New York Mellon from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $58.00 price target on shares of Bank of New York Mellon in a research report on Wednesday, March 27th. Finally, Morgan Stanley increased their price target on Bank of New York Mellon from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.17.

Insider Transactions at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 40,000 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $56.15, for a total value of $2,246,000.00. Following the completion of the transaction, the executive vice president now directly owns 100,404 shares of the company’s stock, valued at $5,637,684.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP J Kevin Mccarthy sold 40,000 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $56.15, for a total transaction of $2,246,000.00. Following the completion of the transaction, the executive vice president now directly owns 100,404 shares in the company, valued at $5,637,684.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Catherine Keating sold 54,070 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $54.88, for a total value of $2,967,361.60. Following the completion of the sale, the vice president now directly owns 78,350 shares in the company, valued at approximately $4,299,848. The disclosure for this sale can be found here. Insiders sold 98,568 shares of company stock valued at $5,459,897 over the last three months. Company insiders own 0.14% of the company’s stock.

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.