State Board of Administration of Florida Retirement System decreased its holdings in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,496,968 shares of the bank’s stock after selling 31,170 shares during the period. State Board of Administration of Florida Retirement System owned 0.14% of Bank Of New York Mellon Corporation (The) worth $79,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Warren Averett Asset Management LLC raised its position in Bank Of New York Mellon Corporation (The) by 15.3% during the 3rd quarter. Warren Averett Asset Management LLC now owns 14,464 shares of the bank’s stock valued at $767,000 after purchasing an additional 1,915 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Bank Of New York Mellon Corporation (The) by 1,188.4% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,231 shares of the bank’s stock valued at $277,000 after purchasing an additional 4,825 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Bank Of New York Mellon Corporation (The) by 118.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,722,972 shares of the bank’s stock valued at $91,352,000 after purchasing an additional 932,700 shares during the last quarter. Longview Partners Guernsey LTD raised its position in Bank Of New York Mellon Corporation (The) by 5.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock valued at $921,593,000 after purchasing an additional 862,800 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in Bank Of New York Mellon Corporation (The) during the 3rd quarter valued at approximately $4,858,000. 82.71% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on BK shares. Buckingham Research reaffirmed a “neutral” rating and set a $57.00 price target (up previously from $52.00) on shares of Bank Of New York Mellon Corporation (The) in a research report on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research report on Tuesday, July 11th. Deutsche Bank AG increased their target price on Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Bank of America Corporation set a $52.00 target price on Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.28.

Shares of Bank Of New York Mellon Corporation (NYSE BK) traded down $0.45 during trading on Friday, hitting $51.20. The stock had a trading volume of 3,117,367 shares, compared to its average volume of 4,301,806. The stock has a market cap of $52,634.73, a PE ratio of 14.81 and a beta of 1.22.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 31st will be given a $0.24 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 1.88%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is currently 28.07%.

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In other Bank Of New York Mellon Corporation (The) news, Vice Chairman Brian T. Shea sold 44,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $52.90, for a total transaction of $2,340,825.00. Following the completion of the transaction, the insider now owns 204,043 shares in the company, valued at $10,793,874.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Trian Fund Management, L.P. sold 5,798,725 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $52.42, for a total value of $303,969,164.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,761,019 shares of company stock valued at $939,813,259. 3.60% of the stock is currently owned by company insiders.

Bank Of New York Mellon Corporation (The) Profile

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.

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

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