Bank of Nova Scotia Trust Co. acquired a new stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,354 shares of the bank’s stock, valued at approximately $178,000.

A number of other large investors have also recently modified their holdings of the stock. Capital Bank & Trust Co grew its stake in Bank Of New York Mellon by 73.3% during the third quarter. Capital Bank & Trust Co now owns 1,755,122 shares of the bank’s stock valued at $93,057,000 after acquiring an additional 742,148 shares in the last quarter. Capital International Investors grew its stake in Bank Of New York Mellon by 120.8% during the third quarter. Capital International Investors now owns 23,045,005 shares of the bank’s stock valued at $1,221,846,000 after acquiring an additional 12,607,183 shares in the last quarter. Capital Guardian Trust Co. grew its stake in Bank Of New York Mellon by 140.1% in the 3rd quarter. Capital Guardian Trust Co. now owns 1,020,025 shares of the bank’s stock worth $54,082,000 after buying an additional 595,275 shares in the last quarter. Capital International Ltd. CA grew its stake in Bank Of New York Mellon by 77.5% in the 3rd quarter. Capital International Ltd. CA now owns 220,334 shares of the bank’s stock worth $11,682,000 after buying an additional 96,234 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in Bank Of New York Mellon in the 3rd quarter worth approximately $2,556,000. 83.01% of the stock is owned by institutional investors.

In related news, Vice Chairman Brian T. Shea sold 22,228 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the completion of the sale, the insider now directly owns 181,815 shares in the company, valued at approximately $9,319,836.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Trian Fund Management, L.P. sold 5,798,725 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $52.42, for a total transaction of $303,969,164.50. The disclosure for this sale can be found here. Insiders sold a total of 7,708,334 shares of company stock valued at $404,956,863 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at $54.67 on Monday. Bank Of New York Mellon Corporation has a 12 month low of $43.85 and a 12 month high of $55.40. The stock has a market cap of $55,983.28, a price-to-earnings ratio of 15.76, a PEG ratio of 1.99 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Bank Of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon had a net margin of 23.14% and a return on equity of 10.51%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. analysts forecast that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current fiscal year.

BK has been the subject of a number of research reports. UBS cut shares of Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price target for the company. in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $58.00 price target on shares of Bank Of New York Mellon in a research note on Wednesday, November 15th. Morgan Stanley boosted their price target on shares of Bank Of New York Mellon from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Goldman Sachs Group reissued a “buy” rating and issued a $58.00 price target (up previously from $52.85) on shares of Bank Of New York Mellon in a research note on Friday, October 20th. Finally, Jefferies Group reissued a “hold” rating and issued a $56.00 price target on shares of Bank Of New York Mellon in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $55.28.

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About Bank Of New York Mellon

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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