Bank of New York Mellon Corp (BK) Holdings Raised by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. boosted its holdings in shares of Bank of New York Mellon Corp (NYSE:BK) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 657,768 shares of the bank’s stock after acquiring an additional 84,783 shares during the quarter. Bank of New York Mellon comprises 4.5% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its 14th largest holding. Bristol Gate Capital Partners Inc. owned approximately 0.07% of Bank of New York Mellon worth $33,540,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC grew its stake in shares of Bank of New York Mellon by 0.8% in the second quarter. Segall Bryant & Hamill LLC now owns 114,420 shares of the bank’s stock valued at $6,171,000 after buying an additional 954 shares in the last quarter. Country Club Trust Company n.a. grew its stake in shares of Bank of New York Mellon by 1.0% in the second quarter. Country Club Trust Company n.a. now owns 100,827 shares of the bank’s stock valued at $5,437,000 after buying an additional 982 shares in the last quarter. Private Wealth Advisors Inc. grew its stake in shares of Bank of New York Mellon by 15.8% in the second quarter. Private Wealth Advisors Inc. now owns 7,340 shares of the bank’s stock valued at $396,000 after buying an additional 1,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Bank of New York Mellon by 10.0% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,000 shares of the bank’s stock valued at $593,000 after buying an additional 1,000 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in shares of Bank of New York Mellon by 16.8% in the second quarter. Merit Financial Group LLC now owns 7,110 shares of the bank’s stock valued at $383,000 after buying an additional 1,025 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Bank of New York Mellon from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Deutsche Bank decreased their target price on Bank of New York Mellon from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, November 16th. Citigroup decreased their target price on Bank of New York Mellon from $66.00 to $60.00 and set a “buy” rating for the company in a report on Friday, October 19th. Keefe, Bruyette & Woods lowered Bank of New York Mellon from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $55.00 to $49.00 in a report on Friday, October 19th. Finally, Vining Sparks reiterated a “buy” rating and issued a $62.00 target price on shares of Bank of New York Mellon in a report on Tuesday, October 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Bank of New York Mellon currently has a consensus rating of “Hold” and a consensus target price of $57.77.

NYSE:BK opened at $50.64 on Tuesday. The firm has a market capitalization of $50.73 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.59 and a beta of 1.04. Bank of New York Mellon Corp has a 12-month low of $45.16 and a 12-month high of $58.99. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.81.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Thursday, October 18th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.15 billion. Bank of New York Mellon had a return on equity of 11.48% and a net margin of 24.92%. Bank of New York Mellon’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. Equities research analysts predict that Bank of New York Mellon Corp will post 4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 30th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, October 29th. Bank of New York Mellon’s dividend payout ratio (DPR) is 31.11%.

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About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

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

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