B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 53,664 The Bank of New York Mellon Co. (NYSE:BK)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of The Bank of New York Mellon Co. (NYSE:BK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 53,664 shares of the bank’s stock, valued at approximately $2,238,000.

Other hedge funds also recently made changes to their positions in the company. JJJ Advisors Inc. grew its holdings in The Bank of New York Mellon by 1,936.7% during the fourth quarter. JJJ Advisors Inc. now owns 611 shares of the bank’s stock valued at $26,000 after purchasing an additional 581 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in The Bank of New York Mellon during the fourth quarter valued at approximately $26,000. Wolff Wiese Magana LLC acquired a new position in The Bank of New York Mellon during the fourth quarter valued at approximately $27,000. RWM Asset Management LLC acquired a new position in The Bank of New York Mellon during the fourth quarter valued at approximately $30,000. Finally, Lenox Wealth Advisors LLC acquired a new position in The Bank of New York Mellon during the fourth quarter valued at approximately $36,000. Institutional investors own 82.27% of the company’s stock.

BK has been the topic of several analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded The Bank of New York Mellon from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.00 to $57.00 in a report on Monday, January 11th. Royal Bank of Canada raised their price objective on shares of The Bank of New York Mellon from $43.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 21st. Morgan Stanley lowered their price objective on shares of The Bank of New York Mellon from $51.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 21st. Smith Barney Citigroup upgraded shares of The Bank of New York Mellon from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $57.00 in a research note on Monday, January 11th. Finally, Barclays raised their price objective on shares of The Bank of New York Mellon from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The Bank of New York Mellon has a consensus rating of “Buy” and a consensus price target of $48.72.

BK opened at $47.84 on Thursday. The Bank of New York Mellon Co. has a fifty-two week low of $31.24 and a fifty-two week high of $48.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s fifty day moving average price is $45.35 and its two-hundred day moving average price is $40.93. The company has a market capitalization of $41.95 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.38 and a beta of 1.07.

The Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Tuesday, January 19th. The bank reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.05. The Bank of New York Mellon had a net margin of 23.09% and a return on equity of 9.89%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. The business’s revenue was down 19.6% compared to the same quarter last year. On average, equities research analysts expect that The Bank of New York Mellon Co. will post 3.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Monday, February 1st were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, January 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.59%. The Bank of New York Mellon’s payout ratio is presently 30.85%.

The Bank of New York Mellon Company Profile

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the Investment Services and Investment Management segments. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange.

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

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