UMB Bank n.a. Raises Position in The Bank of New York Mellon Co. (NYSE:BK)

UMB Bank n.a. raised its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 2,123.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,953 shares of the bank’s stock after acquiring an additional 93,548 shares during the quarter. UMB Bank n.a.’s holdings in Bank of New York Mellon were worth $7,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Blair William & Co. IL raised its position in shares of Bank of New York Mellon by 10.7% during the 2nd quarter. Blair William & Co. IL now owns 23,691 shares of the bank’s stock valued at $1,419,000 after purchasing an additional 2,298 shares during the period. AE Wealth Management LLC increased its holdings in Bank of New York Mellon by 10.1% in the 2nd quarter. AE Wealth Management LLC now owns 16,792 shares of the bank’s stock valued at $1,006,000 after acquiring an additional 1,535 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in Bank of New York Mellon by 36.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 145,451 shares of the bank’s stock valued at $8,711,000 after acquiring an additional 38,740 shares during the last quarter. Symmetry Investments LP increased its holdings in Bank of New York Mellon by 64.7% in the 2nd quarter. Symmetry Investments LP now owns 10,131 shares of the bank’s stock valued at $607,000 after acquiring an additional 3,981 shares during the last quarter. Finally, Kowal Investment Group LLC increased its holdings in Bank of New York Mellon by 3.3% in the 2nd quarter. Kowal Investment Group LLC now owns 9,010 shares of the bank’s stock valued at $540,000 after acquiring an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 1.3 %

Shares of BK stock opened at $83.31 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $60.57 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. The company has a 50-day moving average of $78.87 and a two-hundred day moving average of $72.32. The Bank of New York Mellon Co. has a 1-year low of $52.64 and a 1-year high of $83.67.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter last year, the firm posted $1.28 earnings per share. Bank of New York Mellon’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that The Bank of New York Mellon Co. will post 5.87 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, January 27th. Bank of New York Mellon’s payout ratio is 40.87%.

Wall Street Analysts Forecast Growth

BK has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Bank of New York Mellon from $82.00 to $86.00 and gave the company an “equal weight” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $79.00 price objective on shares of Bank of New York Mellon in a research note on Monday, October 14th. Evercore ISI lifted their price objective on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the stock an “in-line” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com cut shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.14.

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.