BRYN MAWR TRUST Co continued to hold its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,981 shares of the bank’s stock at the close of the 2nd quarter. BRYN MAWR TRUST Co’s holdings in Bank Of New York Mellon Corporation (The) were worth $662,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Bank Of New York Mellon Corporation (The) during the second quarter worth about $1,139,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 4.4% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,197 shares of the bank’s stock worth $104,000 after purchasing an additional 92 shares in the last quarter. First Interstate Bank lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 56.2% during the second quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock worth $119,000 after purchasing an additional 842 shares in the last quarter. Exane Derivatives acquired a new position in shares of Bank Of New York Mellon Corporation (The) during the second quarter worth about $130,000. Finally, Hudock Capital Group LLC lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 0.3% during the second quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock worth $130,000 after purchasing an additional 7 shares in the last quarter. 81.78% of the stock is owned by hedge funds and other institutional investors.

In related news, Vice Chairman Brian T. Shea sold 44,250 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $52.90, for a total value of $2,340,825.00. Following the completion of the sale, the insider now owns 204,043 shares in the company, valued at $10,793,874.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Gerald L. Hassell sold 1,788 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $53.04, for a total transaction of $94,835.52. Following the completion of the sale, the chairman now owns 872,606 shares of the company’s stock, valued at approximately $46,283,022.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,931,137 shares of company stock valued at $581,058,723. 3.60% of the stock is owned by corporate insiders.

Shares of Bank Of New York Mellon Corporation (BK) opened at 52.37 on Friday. The firm’s 50-day moving average price is $52.37 and its 200 day moving average price is $49.62. Bank Of New York Mellon Corporation has a 52 week low of $38.68 and a 52 week high of $54.59. The firm has a market cap of $54.11 billion, a PE ratio of 15.53 and a beta of 1.14.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last released its earnings results on Thursday, July 20th. The bank reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Equities analysts anticipate that Bank Of New York Mellon Corporation will post $3.53 EPS for the current year.

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

A number of brokerages have commented on BK. Wells Fargo & Company began coverage on Bank Of New York Mellon Corporation (The) in a research note on Wednesday, August 9th. They set a “market perform” rating and a $55.00 price objective on the stock. BidaskClub upgraded Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Zacks Investment Research upgraded Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, July 24th. Bank of America Corporation set a $52.00 price objective on Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG boosted their price objective on Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Bank Of New York Mellon Corporation (The) presently has a consensus rating of “Hold” and an average price target of $53.82.

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Bank Of New York Mellon Corporation (The) Company 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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