Harbour Investments Inc. Has $161,000 Stock Holdings in The Bank of New York Mellon Corporation $BK

Harbour Investments Inc. lifted its holdings in The Bank of New York Mellon Corporation (NYSE:BK) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,771 shares of the bank’s stock after purchasing an additional 144 shares during the quarter. Harbour Investments Inc.’s holdings in Bank of New York Mellon were worth $161,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BK. Revolve Wealth Partners LLC acquired a new position in Bank of New York Mellon during the 4th quarter worth approximately $220,000. GAMMA Investing LLC boosted its position in Bank of New York Mellon by 14.9% during the 1st quarter. GAMMA Investing LLC now owns 16,692 shares of the bank’s stock worth $1,400,000 after acquiring an additional 2,168 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Bank of New York Mellon by 6.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 77,278 shares of the bank’s stock worth $6,481,000 after acquiring an additional 4,866 shares during the last quarter. Continuum Advisory LLC boosted its position in Bank of New York Mellon by 33.3% during the 1st quarter. Continuum Advisory LLC now owns 3,144 shares of the bank’s stock worth $264,000 after acquiring an additional 785 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Bank of New York Mellon by 7.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 37,089 shares of the bank’s stock worth $3,111,000 after acquiring an additional 2,553 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Analyst Ratings Changes

BK has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price target 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. Evercore ISI upped their price target on Bank of New York Mellon from $91.00 to $110.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Wells Fargo & Company increased their price objective on Bank of New York Mellon from $100.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Barclays increased their price objective on Bank of New York Mellon from $104.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, TD Cowen increased their price objective on Bank of New York Mellon from $130.00 to $133.00 and gave the company a “buy” rating in a report on Monday. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.29.

Bank of New York Mellon Trading Down 0.0%

NYSE BK opened at $106.95 on Thursday. The company has a market cap of $75.42 billion, a PE ratio of 15.43, a PEG ratio of 0.98 and a beta of 1.13. 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 12 month low of $70.46 and a 12 month high of $110.87. The stock has a 50 day moving average of $105.87 and a 200-day moving average of $95.06.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results 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 14.03% and a net margin of 12.86%.The business had revenue of $4.38 billion during the quarter. On average, equities research analysts anticipate that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Monday, October 27th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is 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 currently 30.59%.

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.