Bradley Foster & Sargent Inc. CT Boosts Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Bradley Foster & Sargent Inc. CT lifted its stake in shares of The Bank of New York Mellon Co. (NYSE:BK) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,637 shares of the bank’s stock after buying an additional 304 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Bank of New York Mellon were worth $7,348,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Centricity Wealth Management LLC bought a new stake in Bank of New York Mellon during the 4th quarter valued at approximately $39,000. Fortitude Family Office LLC boosted its position in shares of Bank of New York Mellon by 130.6% during the third quarter. Fortitude Family Office LLC now owns 611 shares of the bank’s stock valued at $44,000 after purchasing an additional 346 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Bank of New York Mellon in the third quarter worth $46,000. Modus Advisors LLC bought a new position in Bank of New York Mellon in the fourth quarter worth $49,000. Finally, Concord Wealth Partners lifted its position in Bank of New York Mellon by 150.5% during the third quarter. Concord Wealth Partners now owns 754 shares of the bank’s stock valued at $54,000 after buying an additional 453 shares during the period. 85.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BK. Morgan Stanley increased their price target on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. StockNews.com downgraded shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays boosted their price target on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Citigroup increased their target price on Bank of New York Mellon from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.00.

Bank of New York Mellon Stock Down 1.3 %

BK opened at $87.20 on Friday. The stock has a market capitalization of $63.40 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.01 and a beta of 1.08. The firm has a 50 day moving average price of $81.87 and a 200-day moving average price of $76.08. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $89.44. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK) last announced its 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 business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. Equities research analysts forecast that The Bank of New York Mellon Co. will post 6.93 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 2.16%. Bank of New York Mellon’s payout ratio is 32.36%.

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.