Bank Of New York Mellon Corporation (The) (BK) Holdings Reduced by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC lowered its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,523 shares of the bank’s stock after selling 1,259 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Bank Of New York Mellon were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BK. Country Trust Bank raised its position in shares of Bank Of New York Mellon by 4.1% in the third quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock valued at $32,132,000 after purchasing an additional 23,683 shares during the period. Toronto Dominion Bank raised its position in shares of Bank Of New York Mellon by 24.7% in the second quarter. Toronto Dominion Bank now owns 364,150 shares of the bank’s stock valued at $18,577,000 after purchasing an additional 72,058 shares during the period. Sei Investments Co. raised its position in shares of Bank Of New York Mellon by 7.4% in the third quarter. Sei Investments Co. now owns 1,020,622 shares of the bank’s stock valued at $54,102,000 after purchasing an additional 70,619 shares during the period. Rhumbline Advisers raised its position in shares of Bank Of New York Mellon by 1.0% in the third quarter. Rhumbline Advisers now owns 1,746,821 shares of the bank’s stock valued at $92,616,000 after purchasing an additional 16,839 shares during the period. Finally, Rothschild Asset Management Inc. bought a new position in shares of Bank Of New York Mellon in the third quarter valued at about $612,000. Hedge funds and other institutional investors own 82.93% of the company’s stock.

In other Bank Of New York Mellon news, CFO Thomas P. Gibbons sold 38,152 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $54.15, for a total value of $2,065,930.80. Following the transaction, the chief financial officer now directly owns 310,002 shares of the company’s stock, valued at approximately $16,786,608.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the completion of the transaction, the insider now directly owns 181,815 shares in the company, valued at $9,319,836.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,708,334 shares of company stock worth $404,956,863. Insiders own 3.60% of the company’s stock.

Bank Of New York Mellon Corporation (BK) traded down $0.88 during mid-day trading on Tuesday, reaching $57.54. 5,633,681 shares of the company’s stock traded hands, compared to its average volume of 3,704,570. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Bank Of New York Mellon Corporation has a 52-week low of $43.85 and a 52-week high of $58.99. The company has a market cap of $59,450.00, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.84 and a beta of 1.22.

Bank Of New York Mellon (NYSE:BK) last released its earnings results on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Bank Of New York Mellon 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 last year, the firm earned $0.90 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts forecast that Bank Of New York Mellon Corporation will post 3.55 EPS for the current fiscal year.

A number of equities analysts recently commented on BK shares. Citigroup raised shares of Bank Of New York Mellon from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, January 10th. Vining Sparks reaffirmed a “buy” rating and set a $62.00 price target on shares of Bank Of New York Mellon in a research report on Monday, January 8th. Zacks Investment Research lowered shares of Bank Of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised shares of Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $55.00 price target on shares of Bank Of New York Mellon in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Bank Of New York Mellon presently has an average rating of “Hold” and an average target price of $56.59.

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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.

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

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