Stevens Capital Management LP Takes $22.07 Million Position in Bank Of New York Mellon Corporation (The) (BK)

Stevens Capital Management LP bought a new position in Bank Of New York Mellon Corporation (The) (NYSE:BK) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 416,191 shares of the bank’s stock, valued at approximately $22,066,000. Bank Of New York Mellon Corporation (The) accounts for 0.8% of Stevens Capital Management LP’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BK. Hudock Capital Group LLC grew its position in Bank Of New York Mellon Corporation (The) by 0.3% in the second quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock valued at $130,000 after purchasing an additional 7 shares in the last quarter. Kistler Tiffany Companies LLC grew its position in shares of Bank Of New York Mellon Corporation (The) by 0.3% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,154 shares of the bank’s stock valued at $212,000 after acquiring an additional 12 shares during the period. CHICAGO TRUST Co NA grew its position in shares of Bank Of New York Mellon Corporation (The) by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 6,029 shares of the bank’s stock valued at $307,000 after acquiring an additional 29 shares during the period. Cpcm LLC grew its position in shares of Bank Of New York Mellon Corporation (The) by 0.4% in the 1st quarter. Cpcm LLC now owns 9,705 shares of the bank’s stock valued at $458,000 after acquiring an additional 35 shares during the period. Finally, First Bank & Trust grew its position in shares of Bank Of New York Mellon Corporation (The) by 1.1% in the 2nd quarter. First Bank & Trust now owns 4,800 shares of the bank’s stock valued at $245,000 after acquiring an additional 52 shares during the period. Institutional investors own 82.83% of the company’s stock.

Bank Of New York Mellon Corporation (BK) traded down $0.09 on Monday, reaching $51.24. 770,398 shares of the company’s stock were exchanged, compared to its average volume of 4,459,381. Bank Of New York Mellon Corporation has a 52-week low of $42.76 and a 52-week high of $55.29. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $52,563.05, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last posted its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon Corporation (The) had a net margin of 23.14% and a return on equity of 10.51%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. research analysts expect that Bank Of New York Mellon Corporation will post 3.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, October 30th. Bank Of New York Mellon Corporation (The)’s payout ratio is 28.07%.

In other Bank Of New York Mellon Corporation (The) news, Vice Chairman Thomas P. Gibbons sold 184,380 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $53.95, for a total transaction of $9,947,301.00. Following the sale, the insider now directly owns 455,927 shares of the company’s stock, valued at approximately $24,597,261.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gerald L. Hassell sold 24,280 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $51.69, for a total transaction of $1,255,033.20. Following the sale, the chairman now directly owns 857,899 shares in the company, valued at $44,344,799.31. The disclosure for this sale can be found here. Insiders have sold a total of 17,084,580 shares of company stock worth $903,292,531 over the last three months. Insiders own 3.60% of the company’s stock.

BK has been the subject of a number of analyst reports. UBS AG downgraded shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research report on Friday, September 8th. Zacks Investment Research raised shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, July 11th. Bank of America Corporation set a $52.00 target price on shares of Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $55.28.

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About Bank Of New York Mellon Corporation (The)

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

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Institutional Ownership by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

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