Longview Partners Guernsey LTD Has $951.99 Million Holdings in Bank of New York Mellon Corp (BK)

Longview Partners Guernsey LTD boosted its position in shares of Bank of New York Mellon Corp (NYSE:BK) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,675,284 shares of the bank’s stock after acquiring an additional 293,300 shares during the quarter. Bank of New York Mellon accounts for approximately 5.0% of Longview Partners Guernsey LTD’s investment portfolio, making the stock its 11th biggest holding. Longview Partners Guernsey LTD’s holdings in Bank of New York Mellon were worth $951,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invictus RG bought a new position in shares of Bank of New York Mellon in the third quarter valued at about $102,000. Rowland & Co. Investment Counsel ADV bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at about $124,000. Advisory Services Network LLC raised its position in shares of Bank of New York Mellon by 15.5% in the second quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock valued at $138,000 after purchasing an additional 363 shares during the period. Horan Capital Advisors LLC. bought a new position in shares of Bank of New York Mellon in the third quarter valued at about $139,000. Finally, Sawyer & Company Inc bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at about $164,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

In other Bank of New York Mellon news, CFO Thomas P. Gibbons sold 38,152 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the sale, the chief financial officer now directly owns 310,002 shares in the company, valued at $16,786,608.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward P. Garden sold 143,792 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $52.52, for a total transaction of $7,551,955.84. The disclosure for this sale can be found here. Insiders have sold 831,944 shares of company stock worth $43,807,887 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Shares of Bank of New York Mellon Corp (NYSE:BK) opened at $53.29 on Friday. The stock has a market cap of $56,083.88, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.69 and a current ratio of 0.70. Bank of New York Mellon Corp has a one year low of $45.12 and a one year high of $58.99.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4.01 billion. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. equities analysts predict that Bank of New York Mellon Corp will post 4.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 30th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, January 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. Bank of New York Mellon’s payout ratio is 25.74%.

Several brokerages have recently weighed in on BK. Vining Sparks reissued a “hold” rating and issued a $60.00 price objective on shares of Bank of New York Mellon in a research report on Wednesday, January 24th. Morgan Stanley upped their price target on shares of Bank of New York Mellon from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Barclays restated a “buy” rating on shares of Bank of New York Mellon in a research note on Sunday, January 21st. Citigroup upgraded 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 note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. downgraded shares of Bank of New York Mellon from a “neutral” rating to an “underweight” rating and set a $55.50 price target on the stock. in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Bank of New York Mellon presently has an average rating of “Hold” and an average target price of $56.76.

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Bank of New York Mellon 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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