Voya Investment Management LLC lowered its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 583,380 shares of the bank’s stock after selling 10,417 shares during the period. Voya Investment Management LLC owned 0.06% of Bank Of New York Mellon Corporation (The) worth $29,764,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BK. Vanguard Group Inc. grew its holdings in Bank Of New York Mellon Corporation (The) by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock worth $3,439,792,000 after acquiring an additional 1,071,088 shares during the period. BlackRock Inc. grew its holdings in shares of Bank Of New York Mellon Corporation (The) by 2,064.6% in the 1st quarter. BlackRock Inc. now owns 57,741,220 shares of the bank’s stock valued at $2,727,121,000 after buying an additional 55,073,730 shares during the period. Longview Partners Guernsey LTD grew its holdings in shares of Bank Of New York Mellon Corporation (The) by 4.6% in the 2nd quarter. Longview Partners Guernsey LTD now owns 16,519,184 shares of the bank’s stock valued at $842,809,000 after buying an additional 726,898 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Bank Of New York Mellon Corporation (The) by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock valued at $771,927,000 after buying an additional 838,301 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Bank Of New York Mellon Corporation (The) by 0.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 13,498,951 shares of the bank’s stock valued at $688,716,000 after buying an additional 50,788 shares during the period. Institutional investors own 81.78% of the company’s stock.

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In other news, Vice Chairman Brian T. Shea sold 44,250 shares of Bank Of New York Mellon Corporation (The) stock in a transaction that occurred 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 owns 204,043 shares in the company, valued at $10,793,874.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Thomas P. Gibbons sold 184,380 shares of Bank Of New York Mellon Corporation (The) stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $53.95, for a total transaction of $9,947,301.00. Following the sale, the insider now owns 455,927 shares in the company, valued at approximately $24,597,261.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,931,137 shares of company stock worth $581,058,723. 3.60% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on BK shares. BidaskClub raised shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Deutsche Bank AG boosted their price target on shares of 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. Zacks Investment Research raised shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, July 24th. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.25.

Bank Of New York Mellon Corporation (NYSE BK) opened at 53.02 on Friday. The firm has a market cap of $54.78 billion, a price-to-earnings ratio of 15.72 and a beta of 1.14. Bank Of New York Mellon Corporation has a 52 week low of $38.68 and a 52 week high of $54.59. The company has a 50-day moving average of $52.37 and a 200-day moving average of $49.62.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last released its earnings results on Thursday, July 20th. The bank reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Bank Of New York Mellon Corporation (The) had a net margin of 23.35% and a return on equity of 10.35%. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business earned $0.76 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Bank Of New York Mellon Corporation will post $3.53 earnings per share for the current fiscal year.

Bank Of New York Mellon Corporation (The) announced that its board has initiated a stock repurchase plan on Wednesday, June 28th that authorizes the company to buyback $3.10 billion in outstanding shares. This buyback authorization authorizes the bank to buy up to 5.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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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