Integrated Wealth Concepts LLC Has $3.30 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Integrated Wealth Concepts LLC lifted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,975 shares of the bank’s stock after acquiring an additional 5,509 shares during the period. Integrated Wealth Concepts LLC’s holdings in Bank of New York Mellon were worth $3,302,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Syon Capital LLC boosted its holdings in Bank of New York Mellon by 2.5% during the 4th quarter. Syon Capital LLC now owns 5,432 shares of the bank’s stock worth $417,000 after acquiring an additional 132 shares during the last quarter. Quantessence Capital LLC purchased a new stake in Bank of New York Mellon in the 4th quarter valued at about $496,000. J. Safra Sarasin Holding AG lifted its position in shares of Bank of New York Mellon by 419.5% during the 4th quarter. J. Safra Sarasin Holding AG now owns 290,453 shares of the bank’s stock worth $22,316,000 after buying an additional 234,538 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Bank of New York Mellon by 1.7% in the fourth quarter. OneDigital Investment Advisors LLC now owns 25,376 shares of the bank’s stock valued at $1,950,000 after acquiring an additional 435 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its position in shares of Bank of New York Mellon by 2.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 324,440 shares of the bank’s stock valued at $24,927,000 after acquiring an additional 6,307 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $77.50, for a total transaction of $437,177.50. Following the transaction, the insider now directly owns 21,679 shares of the company’s stock, valued at approximately $1,680,122.50. This trade represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Catherine Keating sold 65,473 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $77.31, for a total transaction of $5,061,717.63. Following the completion of the sale, the vice president now directly owns 87,542 shares of the company’s stock, valued at $6,767,872.02. This trade represents a 42.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Bank of New York Mellon Stock Performance

Shares of BK opened at $78.67 on Friday. The Bank of New York Mellon Co. has a 12-month low of $56.08 and a 12-month high of $90.34. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The company has a market cap of $56.48 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.03. The stock has a 50-day moving average price of $81.68 and a 200-day moving average price of $80.52.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. Bank of New York Mellon’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, equities analysts forecast that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 21st will be paid a $0.47 dividend. The ex-dividend date is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.39%. Bank of New York Mellon’s dividend payout ratio is presently 30.62%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 target price on shares of Bank of New York Mellon in a research note on Monday, March 17th. Evercore ISI upped their price objective on Bank of New York Mellon from $83.00 to $87.00 and gave the company an “in-line” rating in a research note on Tuesday, April 1st. Barclays boosted their target price on Bank of New York Mellon from $102.00 to $104.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wolfe Research cut Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, UBS Group increased their target price on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Bank of New York Mellon presently has an average rating of “Moderate Buy” and a consensus price target of $91.31.

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.