Siemens Fonds Invest GmbH Has $337,000 Stake in The Bank of New York Mellon Co. (NYSE:BK)

Siemens Fonds Invest GmbH trimmed its position in The Bank of New York Mellon Co. (NYSE:BK) by 47.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,392 shares of the bank’s stock after selling 3,976 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Bank of New York Mellon were worth $337,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BK. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Bank of New York Mellon in the fourth quarter valued at $928,000. Wealthcare Advisory Partners LLC bought a new stake in Bank of New York Mellon in the fourth quarter valued at $203,000. Merit Financial Group LLC grew its position in Bank of New York Mellon by 134.2% in the fourth quarter. Merit Financial Group LLC now owns 7,034 shares of the bank’s stock valued at $540,000 after acquiring an additional 4,030 shares during the period. Sax Wealth Advisors LLC acquired a new position in Bank of New York Mellon during the fourth quarter worth $397,000. Finally, Sanibel Captiva Trust Company Inc. raised its stake in Bank of New York Mellon by 3.2% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 15,966 shares of the bank’s stock worth $1,227,000 after acquiring an additional 494 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Stock Performance

Shares of NYSE:BK opened at $90.06 on Monday. The Bank of New York Mellon Co. has a twelve month low of $57.18 and a twelve month high of $90.50. The firm has a market cap of $64.43 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The business has a fifty day moving average of $81.07 and a 200-day moving average of $81.41.

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

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Monday, April 21st were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.09%. Bank of New York Mellon’s payout ratio is 30.62%.

Insider Buying and Selling

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $79.03, for a total transaction of $2,370,900.00. Following the transaction, the executive vice president now owns 55,115 shares in the company, valued at approximately $4,355,738.45. This trade represents a 35.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.50, for a total value of $437,177.50. Following the transaction, the insider now owns 21,679 shares in the company, valued at approximately $1,680,122.50. This trade represents a 20.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,114 shares of company stock worth $7,869,795 over the last three months. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BK has been the subject of several recent analyst reports. StockNews.com lowered Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their price objective on Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Truist Financial dropped their price objective on Bank of New York Mellon from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company increased their price objective on Bank of New York Mellon from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 price objective on shares of Bank of New York Mellon in a research note on Monday, March 17th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.31.

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.