Bank of New York Mellon Corp (NYSE:BK) Stock Holdings Decreased by Delta Financial Advisors LLC

Delta Financial Advisors LLC lessened its holdings in shares of Bank of New York Mellon Corp (NYSE:BK) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 81,514 shares of the bank’s stock after selling 1,324 shares during the quarter. Bank of New York Mellon makes up 1.6% of Delta Financial Advisors LLC’s portfolio, making the stock its 15th largest holding. Delta Financial Advisors LLC’s holdings in Bank of New York Mellon were worth $4,103,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Howard Wealth Management LLC bought a new stake in shares of Bank of New York Mellon during the 4th quarter valued at about $28,000. NuWave Investment Management LLC grew its position in shares of Bank of New York Mellon by 791.0% during the 4th quarter. NuWave Investment Management LLC now owns 695 shares of the bank’s stock valued at $35,000 after buying an additional 617 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Bank of New York Mellon during the 4th quarter valued at about $37,000. Motco grew its position in shares of Bank of New York Mellon by 79.7% during the 4th quarter. Motco now owns 753 shares of the bank’s stock valued at $38,000 after buying an additional 334 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of Bank of New York Mellon during the 3rd quarter valued at about $39,000. 82.02% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Evercore ISI reissued a “sell” rating and set a $49.00 target price on shares of Bank of New York Mellon in a research note on Monday, January 20th. Deutsche Bank reduced their target price on shares of Bank of New York Mellon from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Credit Suisse Group raised shares of Bank of New York Mellon from a “neutral” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Tuesday, January 21st. Wolfe Research raised shares of Bank of New York Mellon from a “peer perform” rating to an “outperform” rating in a research note on Monday, January 6th. Finally, UBS Group boosted their target price on shares of Bank of New York Mellon from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.50.

Bank of New York Mellon stock opened at $46.05 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $48.00 and a two-hundred day moving average price of $46.69. The firm has a market capitalization of $42.94 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.36 and a beta of 1.11. Bank of New York Mellon Corp has a 52-week low of $40.52 and a 52-week high of $54.27.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Thursday, January 16th. The bank reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.17 billion. Bank of New York Mellon had a net margin of 21.39% and a return on equity of 10.49%. Bank of New York Mellon’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Research analysts expect that Bank of New York Mellon Corp will post 4.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, January 24th. Bank of New York Mellon’s dividend payout ratio is currently 30.85%.

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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