Markston International LLC cut its holdings in shares of Bank of New York Mellon Corp (NYSE:BK) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,049 shares of the bank’s stock after selling 1,630 shares during the quarter. Markston International LLC’s holdings in Bank of New York Mellon were worth $4,133,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Townsend & Associates Inc increased its holdings in Bank of New York Mellon by 7.3% in the 2nd quarter. Townsend & Associates Inc now owns 13,452 shares of the bank’s stock worth $725,000 after acquiring an additional 916 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Bank of New York Mellon by 0.8% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 114,420 shares of the bank’s stock valued at $6,171,000 after buying an additional 954 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Bank of New York Mellon by 6.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 14,762 shares of the bank’s stock valued at $796,000 after buying an additional 959 shares in the last quarter. Country Club Trust Company n.a. grew its holdings in Bank of New York Mellon by 1.0% during the 2nd quarter. Country Club Trust Company n.a. now owns 100,827 shares of the bank’s stock valued at $5,437,000 after buying an additional 982 shares in the last quarter. Finally, James Investment Research Inc. grew its holdings in Bank of New York Mellon by 2.9% during the 2nd quarter. James Investment Research Inc. now owns 35,270 shares of the bank’s stock valued at $1,902,000 after buying an additional 990 shares in the last quarter. 83.47% of the stock is owned by hedge funds and other institutional investors.

NYSE:BK opened at $48.77 on Thursday. The company has a market capitalization of $48.32 billion, a P/E ratio of 13.55, a PEG ratio of 1.50 and a beta of 1.04. Bank of New York Mellon Corp has a 1-year low of $45.16 and a 1-year high of $58.99. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.81.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, October 18th. The bank reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. Bank of New York Mellon had a return on equity of 11.48% and a net margin of 24.92%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Bank of New York Mellon Corp will post 4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, October 29th. This represents a $1.12 annualized dividend and a yield of 2.30%. Bank of New York Mellon’s payout ratio is currently 31.11%.

BK has been the subject of a number of recent analyst reports. Raymond James lowered Bank of New York Mellon from an “outperform” rating to a “market perform” rating in a report on Thursday, July 12th. Sandler O’Neill reaffirmed a “hold” rating on shares of Bank of New York Mellon in a report on Friday, July 13th. Keefe, Bruyette & Woods set a $56.00 target price on Bank of New York Mellon and gave the company a “hold” rating in a report on Thursday, July 19th. ValuEngine lowered Bank of New York Mellon from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Finally, Vining Sparks reiterated a “buy” rating and set a $62.00 price target on shares of Bank of New York Mellon in a research report on Monday, July 23rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.38.

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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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