The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its stake in The Bank of New York Mellon Co. (NYSE:BKGet Rating) by 287.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,382 shares of the bank’s stock after acquiring an additional 268,013 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Bank of New York Mellon were worth $15,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BK. Waldron Private Wealth LLC boosted its position in shares of Bank of New York Mellon by 4.0% during the first quarter. Waldron Private Wealth LLC now owns 6,246 shares of the bank’s stock worth $309,000 after buying an additional 239 shares during the period. Centaurus Financial Inc. boosted its position in shares of Bank of New York Mellon by 6.6% during the second quarter. Centaurus Financial Inc. now owns 3,966 shares of the bank’s stock worth $165,000 after buying an additional 245 shares during the period. Laurel Wealth Advisors Inc. boosted its position in shares of Bank of New York Mellon by 1.7% during the first quarter. Laurel Wealth Advisors Inc. now owns 14,451 shares of the bank’s stock worth $717,000 after buying an additional 245 shares during the period. Glassman Wealth Services boosted its position in shares of Bank of New York Mellon by 17.6% during the second quarter. Glassman Wealth Services now owns 1,680 shares of the bank’s stock worth $70,000 after buying an additional 252 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of Bank of New York Mellon by 3.4% during the first quarter. D.A. Davidson & CO. now owns 7,741 shares of the bank’s stock worth $384,000 after buying an additional 257 shares during the period. 83.00% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Price Performance

NYSE BK opened at $45.49 on Thursday. The stock has a market capitalization of $36.77 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.74 and a beta of 1.10. The Bank of New York Mellon Co. has a 1 year low of $36.22 and a 1 year high of $64.63. The business’s fifty day moving average is $41.50 and its two-hundred day moving average is $42.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 0.66.

Bank of New York Mellon (NYSE:BKGet Rating) last announced its earnings results on Monday, October 17th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. Bank of New York Mellon had a net margin of 16.07% and a return on equity of 10.07%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $1.04 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that The Bank of New York Mellon Co. will post 4.32 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Thursday, October 27th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, October 26th. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 44.98%.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $39.37, for a total transaction of $787,400.00. Following the sale, the executive vice president now directly owns 108,686 shares of the company’s stock, valued at approximately $4,278,967.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BK shares. Citigroup boosted their price objective on Bank of New York Mellon from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Bank of New York Mellon from $43.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, November 15th. StockNews.com began coverage on Bank of New York Mellon in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays dropped their target price on Bank of New York Mellon to $57.00 in a report on Thursday, October 20th. Finally, Morgan Stanley dropped their target price on Bank of New York Mellon from $45.00 to $41.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 4th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.27.

Bank of New York Mellon Profile

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The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics.

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

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