Commonwealth Equity Services Inc raised its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,811 shares of the bank’s stock after acquiring an additional 5,044 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Bank Of New York Mellon Corporation (The) were worth $8,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Motco increased its position in shares of Bank Of New York Mellon Corporation (The) by 1.1% in the third quarter. Motco now owns 107,906 shares of the bank’s stock valued at $5,721,000 after acquiring an additional 1,184 shares during the period. British Airways Pensions Investment Management Ltd increased its position in shares of Bank Of New York Mellon Corporation (The) by 5.8% in the third quarter. British Airways Pensions Investment Management Ltd now owns 707,835 shares of the bank’s stock valued at $37,520,000 after acquiring an additional 38,945 shares during the period. Advisors Asset Management Inc. increased its position in shares of Bank Of New York Mellon Corporation (The) by 10.0% in the third quarter. Advisors Asset Management Inc. now owns 16,610 shares of the bank’s stock valued at $881,000 after acquiring an additional 1,512 shares during the period. Quantbot Technologies LP purchased a new position in shares of Bank Of New York Mellon Corporation (The) in the third quarter valued at about $391,000. Finally, Columbia Asset Management purchased a new position in shares of Bank Of New York Mellon Corporation (The) in the third quarter valued at about $270,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Bank Of New York Mellon Corporation (NYSE:BK) traded up $0.24 during trading hours on Friday, reaching $52.47. 4,332,683 shares of the company traded hands, compared to its average volume of 4,574,554. Bank Of New York Mellon Corporation has a 1-year low of $43.85 and a 1-year high of $55.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $54,210.00, a price-to-earnings ratio of 14.94, a P/E/G ratio of 1.95 and a beta of 1.21.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Tuesday, October 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, October 30th. Bank Of New York Mellon Corporation (The)’s payout ratio is currently 28.24%.

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A number of equities analysts have issued reports on the stock. Bank of America Corporation set a $52.00 price objective on shares of Bank Of New York Mellon Corporation (The) and gave the company a “sell” rating in a research report on Friday, July 21st. BidaskClub cut shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, July 21st. UBS AG cut shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research report on Friday, September 8th. Finally, Wells Fargo & Company started coverage on shares of Bank Of New York Mellon Corporation (The) in a research report on Wednesday, August 9th. They set a “market perform” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Bank Of New York Mellon Corporation (The) currently has a consensus rating of “Hold” and an average price target of $55.28.

In other news, Director Trian Fund Management, L.P. sold 5,798,725 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 owns 181,815 shares in the company, valued at approximately $9,319,836.90. The disclosure for this sale can be found here. Insiders have sold 6,876,390 shares of company stock worth $361,148,976 in the last three months. 3.60% of the stock is currently owned by insiders.

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.

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

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