Bank Of New York Mellon Corporation (The) (BK) Shares Bought by Tredje AP fonden

Tredje AP fonden lifted its holdings in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 81,214 shares of the bank’s stock after purchasing an additional 1,500 shares during the period. Tredje AP fonden’s holdings in Bank Of New York Mellon were worth $4,306,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BK. Vanguard Group Inc. lifted its stake in shares of Bank Of New York Mellon by 1.6% during the second quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock valued at $3,439,792,000 after acquiring an additional 1,071,088 shares during the period. Berkshire Hathaway Inc. lifted its stake in shares of Bank Of New York Mellon by 52.2% during the second quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock valued at $2,562,715,000 after acquiring an additional 17,217,529 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Bank Of New York Mellon by 1.4% during the third quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock valued at $1,047,319,000 after acquiring an additional 271,858 shares during the period. Longview Partners Guernsey LTD lifted its stake in shares of Bank Of New York Mellon by 5.2% during the third quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock valued at $921,593,000 after acquiring an additional 862,800 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Bank Of New York Mellon by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock valued at $771,927,000 after acquiring an additional 838,301 shares during the period. Institutional investors own 82.83% of the company’s stock.

BK has been the topic of several research reports. UBS lowered Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $58.00 price target on shares of Bank Of New York Mellon in a research note on Wednesday, November 15th. Morgan Stanley upped their price target on Bank Of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Goldman Sachs Group reaffirmed a “buy” rating and set a $58.00 price target (up previously from $52.85) on shares of Bank Of New York Mellon in a research note on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $56.00 price target on shares of Bank Of New York Mellon in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Bank Of New York Mellon currently has a consensus rating of “Hold” and a consensus target price of $55.28.

Bank Of New York Mellon Corporation (BK) opened at $54.45 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. Bank Of New York Mellon Corporation has a one year low of $43.85 and a one year high of $55.29. The company has a market capitalization of $55,758.00, a P/E ratio of 15.69, a PEG ratio of 1.98 and a beta of 1.22.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Tuesday, October 31st were issued a dividend of $0.24 per share. The ex-dividend date was Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 1.76%. Bank Of New York Mellon’s payout ratio is currently 28.07%.

In related news, Director Trian Fund Management, L.P. sold 5,798,725 shares of Bank Of New York Mellon stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $52.42, for a total transaction of $303,969,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gerald L. Hassell sold 24,280 shares of Bank Of New York Mellon stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $51.69, for a total value of $1,255,033.20. Following the sale, the chairman now directly owns 857,899 shares of the company’s stock, valued at $44,344,799.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,670,182 shares of company stock valued at $402,890,932. 3.60% of the stock is currently owned by insiders.

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Bank Of New York Mellon Company Profile

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.

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

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