Coastline Trust Co purchased a new position in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,170 shares of the bank’s stock, valued at approximately $327,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Bank Of New York Mellon by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock valued at $3,439,792,000 after purchasing an additional 1,071,088 shares during the period. Berkshire Hathaway Inc. lifted its stake in shares of Bank Of New York Mellon by 52.2% in the second quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock worth $2,562,715,000 after acquiring an additional 17,217,529 shares in the last quarter. Capital International Investors lifted its stake in shares of Bank Of New York Mellon by 120.8% in the third quarter. Capital International Investors now owns 23,045,005 shares of the bank’s stock worth $1,221,846,000 after acquiring an additional 12,607,183 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Bank Of New York Mellon by 1.4% in the third quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock worth $1,047,319,000 after acquiring an additional 271,858 shares in the last quarter. Finally, Longview Partners Guernsey LTD lifted its stake in shares of Bank Of New York Mellon by 5.2% in the third quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock worth $921,593,000 after acquiring an additional 862,800 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. ValuEngine upgraded Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $58.00 price target on shares of Bank Of New York Mellon in a research note on Wednesday, November 15th. Jefferies Group reiterated a “hold” rating on shares of Bank Of New York Mellon in a research note on Friday, October 20th. Morgan Stanley boosted their price target on Bank Of New York Mellon from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $58.00 price target (up previously from $52.85) on shares of Bank Of New York Mellon in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $55.28.

In other news, Vice Chairman Brian T. Shea sold 22,228 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the completion of the transaction, the insider now directly owns 181,815 shares of the company’s stock, valued at $9,319,836.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas P. Gibbons sold 38,152 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $54.15, for a total value of $2,065,930.80. Following the transaction, the chief financial officer now directly owns 310,002 shares of the company’s stock, valued at $16,786,608.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,708,334 shares of company stock valued at $404,956,863. 3.60% of the stock is owned by corporate insiders.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at $54.02 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $55,686.32, a PE ratio of 15.67, a P/E/G ratio of 1.98 and a beta of 1.22. Bank Of New York Mellon Corporation has a fifty-two week low of $43.85 and a fifty-two week high of $55.40.

Bank Of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ 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 had a return on equity of 10.51% and a net margin of 23.14%. Bank Of New York Mellon’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. equities analysts anticipate that Bank Of New York Mellon Corporation will post 3.54 EPS for the current year.

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Bank Of New York Mellon 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.

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

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