Crossmark Global Holdings Inc. Acquires 18,820 Shares of The Bank of New York Mellon Corporation $BK

Crossmark Global Holdings Inc. raised its stake in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 15.6% in the third quarter, Holdings Channel.com reports. The firm owned 139,637 shares of the bank’s stock after buying an additional 18,820 shares during the period. Crossmark Global Holdings Inc.’s holdings in Bank of New York Mellon were worth $15,215,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Bank of New York Mellon in the 2nd quarter valued at $1,081,847,000. Qube Research & Technologies Ltd bought a new stake in Bank of New York Mellon in the 2nd quarter worth about $135,728,000. Geode Capital Management LLC increased its stake in Bank of New York Mellon by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank’s stock valued at $1,717,074,000 after buying an additional 785,478 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Bank of New York Mellon by 36.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock worth $236,013,000 after buying an additional 577,621 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Bank of New York Mellon by 698.6% in the 2nd quarter. Bank of Nova Scotia now owns 651,135 shares of the bank’s stock worth $59,325,000 after buying an additional 569,602 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Down 1.4%

Shares of NYSE BK opened at $116.73 on Friday. The business’s fifty day moving average price is $119.74 and its 200-day moving average price is $112.57. The Bank of New York Mellon Corporation has a one year low of $70.46 and a one year high of $128.76. The stock has a market capitalization of $80.18 billion, a PE ratio of 15.75, a P/E/G ratio of 1.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $5.07 billion for the quarter. Bank of New York Mellon had a return on equity of 14.37% and a net margin of 13.62%. On average, equities research analysts anticipate that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 23rd were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, January 23rd. Bank of New York Mellon’s dividend payout ratio is presently 28.61%.

Analyst Ratings Changes

A number of analysts recently commented on BK shares. Wells Fargo & Company increased their price target on Bank of New York Mellon from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Citigroup began coverage on Bank of New York Mellon in a research report on Monday, February 23rd. They set a “neutral” rating for the company. Royal Bank Of Canada lifted their target price on Bank of New York Mellon from $124.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Morgan Stanley increased their price target on shares of Bank of New York Mellon from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings downgraded shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Bank of New York Mellon currently has an average rating of “Moderate Buy” and a consensus target price of $131.92.

About Bank of New York Mellon

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.