Cullen Frost Bankers Inc. lifted its holdings in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 403,292 shares of the bank’s stock after acquiring an additional 10,225 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Bank Of New York Mellon Corporation (The) were worth $21,382,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Interstate Bank increased its stake in shares of Bank Of New York Mellon Corporation (The) by 56.2% in the 2nd quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock valued at $119,000 after purchasing an additional 842 shares during the last quarter. Exane Derivatives bought a new position in shares of Bank Of New York Mellon Corporation (The) in the 2nd quarter valued at $130,000. Hudock Capital Group LLC increased its stake in shares of Bank Of New York Mellon Corporation (The) by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock valued at $130,000 after purchasing an additional 7 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Bank Of New York Mellon Corporation (The) by 15.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock valued at $138,000 after purchasing an additional 363 shares during the last quarter. Finally, Burt Wealth Advisors increased its stake in shares of Bank Of New York Mellon Corporation (The) by 2,186.7% in the 2nd quarter. Burt Wealth Advisors now owns 2,744 shares of the bank’s stock valued at $139,000 after purchasing an additional 2,624 shares during the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Bank Of New York Mellon Corporation (The) in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $55.00 price target on the stock. BidaskClub lowered Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research lowered Bank Of New York Mellon Corporation (The) from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Jefferies Group LLC restated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, October 20th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $55.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Bank Of New York Mellon Corporation (The) currently has a consensus rating of “Hold” and a consensus target price of $55.28.

Shares of Bank Of New York Mellon Corporation (NYSE BK) traded up $0.02 during trading on Tuesday, hitting $51.35. The stock had a trading volume of 3,816,651 shares, compared to its average volume of 3,830,000. The stock has a market capitalization of $53,050.00, a P/E ratio of 14.79, a PEG ratio of 1.93 and a beta of 1.21. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 0.85. Bank Of New York Mellon Corporation has a 12-month low of $43.65 and a 12-month high of $55.29.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last announced its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The business 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 net margin of 23.14% and a return on equity of 10.51%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. equities analysts expect that Bank Of New York Mellon Corporation will post 3.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is presently 28.24%.

In other news, Director Trian Fund Management, L.P. sold 10,000,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $53.09, for a total transaction of $530,900,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Brian T. Shea sold 44,250 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $52.90, for a total transaction of $2,340,825.00. Following the sale, the insider now directly owns 204,043 shares of the company’s stock, valued at approximately $10,793,874.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,900,200 shares of company stock valued at $893,345,230. Company insiders own 3.60% of the company’s stock.

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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.

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

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