The Bank of New York Mellon Corporation $BK Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in The Bank of New York Mellon Corporation (NYSE:BK) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,519 shares of the bank’s stock after selling 7,547 shares during the quarter. Yousif Capital Management LLC’s holdings in Bank of New York Mellon were worth $9,754,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BK. Norges Bank bought a new position in Bank of New York Mellon during the second quarter worth $1,081,847,000. Qube Research & Technologies Ltd acquired a new stake in shares of Bank of New York Mellon during the second quarter worth $135,728,000. Goldman Sachs Group Inc. lifted its position in shares of Bank of New York Mellon by 26.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,053,744 shares of the bank’s stock worth $423,858,000 after buying an additional 1,052,145 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Bank of New York Mellon by 37.7% in the 1st quarter. AQR Capital Management LLC now owns 3,244,204 shares of the bank’s stock valued at $266,349,000 after buying an additional 887,361 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Bank of New York Mellon by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank’s stock valued at $1,717,074,000 after buying an additional 785,478 shares during the period. 85.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BK has been the topic of a number of recent research reports. Truist Financial raised their target price on shares of Bank of New York Mellon from $118.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, October 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of New York Mellon in a research report on Monday, December 15th. TD Cowen raised their price target on Bank of New York Mellon from $130.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Citigroup upped their price objective on Bank of New York Mellon from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group increased their target price 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. Ten equities 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 has an average rating of “Moderate Buy” and an average price target of $111.86.

Bank of New York Mellon Stock Down 0.1%

BK opened at $117.19 on Wednesday. The stock’s 50 day moving average price is $110.86 and its 200 day moving average price is $104.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $81.72 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.06 and a beta of 1.12. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $119.40.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Friday, October 31st. The bank reported $1.91 earnings per share for the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%. The business had revenue of $5.07 billion during the quarter. As a group, research analysts predict that The Bank of New York Mellon Corporation will post 6.96 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, November 7th. Investors of record on Monday, October 27th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $2.12 annualized dividend and a yield of 1.8%. Bank of New York Mellon’s payout ratio is presently 30.59%.

Bank of New York Mellon Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.