The Bank of New York Mellon Co. (NYSE:BK) Stock Holdings Lessened by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in shares of The Bank of New York Mellon Co. (NYSE:BK) by 14.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,063 shares of the bank’s stock after selling 8,652 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Bank of New York Mellon were worth $3,846,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Bank of New York Mellon by 0.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 90,258 shares of the bank’s stock valued at $6,486,000 after acquiring an additional 837 shares in the last quarter. Czech National Bank raised its stake in Bank of New York Mellon by 4.9% during the 4th quarter. Czech National Bank now owns 157,645 shares of the bank’s stock valued at $12,112,000 after purchasing an additional 7,316 shares during the period. Capital Investment Advisors LLC purchased a new stake in shares of Bank of New York Mellon in the fourth quarter valued at $216,000. Wedmont Private Capital lifted its holdings in shares of Bank of New York Mellon by 9.9% in the fourth quarter. Wedmont Private Capital now owns 6,292 shares of the bank’s stock valued at $475,000 after purchasing an additional 568 shares in the last quarter. Finally, Eastern Bank boosted its position in shares of Bank of New York Mellon by 84.4% in the fourth quarter. Eastern Bank now owns 1,708 shares of the bank’s stock worth $131,000 after buying an additional 782 shares during the period. 85.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BK has been the topic of several recent analyst reports. UBS Group upped their price target on Bank of New York Mellon from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Morgan Stanley lowered their target price on Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $90.00 target price on shares of Bank of New York Mellon in a report on Monday, March 17th. Bank of America increased their price target on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.31.

Insider Transactions at Bank of New York Mellon

In related news, VP Catherine Keating sold 65,473 shares of Bank of New York Mellon stock in a transaction on Monday, April 14th. The shares were sold at an average price of $77.31, for a total value of $5,061,717.63. Following the transaction, the vice president now owns 87,542 shares in the company, valued at $6,767,872.02. This trade represents a 42.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the business’s stock in a transaction on Monday, April 14th. The stock was 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 represents a 20.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,114 shares of company stock worth $7,869,795. 0.14% of the stock is owned by corporate insiders.

Bank of New York Mellon Stock Performance

Shares of BK opened at $87.97 on Wednesday. The firm has a market cap of $62.94 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The company’s fifty day moving average is $80.75 and its 200-day moving average is $81.11. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Co. has a 12 month low of $57.18 and a 12 month high of $90.34.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 prior year, the company posted $1.29 earnings per share. Equities analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, April 21st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, April 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.14%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 30.62%.

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.