Catalyst Capital Advisors LLC Has $781,000 Holdings in Bank of New York Mellon Corporation $BNY

Catalyst Capital Advisors LLC grew its position in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 1,450.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,730 shares of the bank’s stock after acquiring an additional 6,296 shares during the period. Catalyst Capital Advisors LLC’s holdings in Bank of New York Mellon were worth $781,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Linscomb Wealth Inc. lifted its holdings in shares of Bank of New York Mellon by 2.5% during the 4th quarter. Linscomb Wealth Inc. now owns 3,240 shares of the bank’s stock valued at $376,000 after buying an additional 80 shares during the last quarter. Ransom Advisory Ltd lifted its stake in Bank of New York Mellon by 1.3% in the fourth quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after acquiring an additional 85 shares during the last quarter. Mather Group LLC. lifted its stake in Bank of New York Mellon by 0.9% in the fourth quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock valued at $1,072,000 after acquiring an additional 86 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Bank of New York Mellon by 1.3% in the third quarter. Valeo Financial Advisors LLC now owns 7,539 shares of the bank’s stock valued at $821,000 after acquiring an additional 94 shares during the last quarter. Finally, Vectors Research Management LLC lifted its stake in Bank of New York Mellon by 0.7% in the fourth quarter. Vectors Research Management LLC now owns 12,981 shares of the bank’s stock valued at $1,507,000 after acquiring an additional 94 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Stock Performance

Shares of NYSE BNY opened at $139.38 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $130.07 and its two-hundred day moving average is $121.47. The company has a market cap of $95.67 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.03 and a beta of 1.08. Bank of New York Mellon Corporation has a 12 month low of $87.41 and a 12 month high of $141.65.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $1.94 by $0.31. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. Bank of New York Mellon had a return on equity of 15.29% and a net margin of 14.60%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. On average, equities analysts expect that Bank of New York Mellon Corporation will post 8.78 EPS for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Monday, April 27th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, April 27th. Bank of New York Mellon’s payout ratio is currently 26.27%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a research note on Friday, April 17th. Weiss Ratings upgraded shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their target price on shares of Bank of New York Mellon from $130.00 to $142.00 and gave the company a “sector perform” rating in a research note on Friday, April 17th. Wall Street Zen upgraded shares of Bank of New York Mellon to a “hold” rating in a research note on Saturday, May 23rd. Finally, Citigroup assumed coverage on shares of Bank of New York Mellon in a research note on Monday, February 23rd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $138.08.

Insiders Place Their Bets

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 5,290 shares of Bank of New York Mellon stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $136.02, for a total value of $719,545.80. Following the transaction, the insider directly owned 17,259 shares of the company’s stock, valued at $2,347,569.18. The trade was a 23.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alejandro Perez sold 12,504 shares of Bank of New York Mellon stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $137.01, for a total value of $1,713,173.04. Following the completion of the transaction, the executive vice president directly owned 62,613 shares in the company, valued at approximately $8,578,607.13. This represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 48,091 shares of company stock valued at $6,568,423. Corporate insiders own 0.17% of the company’s stock.

Bank of New York Mellon Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.