Donald L. Hagan LLC Boosts Stake in The Bank of New York Mellon Co. (NYSE:BK)

Donald L. Hagan LLC raised its stake in shares of The Bank of New York Mellon Co. (NYSE:BK) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,860 shares of the bank’s stock after acquiring an additional 322 shares during the period. Donald L. Hagan LLC’s holdings in Bank of New York Mellon were worth $930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its stake in Bank of New York Mellon by 97.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 609 shares of the bank’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Bank of New York Mellon during the 1st quarter worth $36,000. Addison Advisors LLC lifted its stake in shares of Bank of New York Mellon by 603.2% during the 3rd quarter. Addison Advisors LLC now owns 879 shares of the bank’s stock worth $37,000 after purchasing an additional 754 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Bank of New York Mellon during the 3rd quarter worth $38,000. Finally, Blue Trust Inc. raised its position in shares of Bank of New York Mellon by 159.2% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the bank’s stock worth $45,000 after buying an additional 527 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, VP Hanneke Smits sold 15,425 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.16, for a total transaction of $850,843.00. Following the completion of the sale, the vice president now directly owns 119,656 shares in the company, valued at $6,600,224.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Hanneke Smits sold 15,425 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $55.16, for a total transaction of $850,843.00. Following the completion of the transaction, the vice president now owns 119,656 shares of the company’s stock, valued at $6,600,224.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Catherine Keating sold 4,498 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.81, for a total transaction of $246,535.38. Following the transaction, the vice president now directly owns 123,490 shares of the company’s stock, valued at approximately $6,768,486.90. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Bank of New York Mellon Stock Up 1.2 %

Shares of Bank of New York Mellon stock traded up $0.69 on Friday, hitting $57.62. 3,116,295 shares of the company traded hands, compared to its average volume of 3,853,885. The company has a 50-day moving average price of $55.48 and a 200 day moving average price of $49.85. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.87. The Bank of New York Mellon Co. has a 12-month low of $39.65 and a 12-month high of $57.88. The company has a market cap of $43.38 billion, a PE ratio of 14.51, a PEG ratio of 1.21 and a beta of 1.11.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Friday, January 12th. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Bank of New York Mellon had a net margin of 10.01% and a return on equity of 11.63%. Bank of New York Mellon’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. Sell-side analysts predict that The Bank of New York Mellon Co. will post 5.26 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Monday, January 22nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, January 19th. Bank of New York Mellon’s dividend payout ratio (DPR) is 42.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BK. Morgan Stanley upgraded Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $52.00 to $62.00 in a research note on Tuesday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 price objective on shares of Bank of New York Mellon in a research report on Wednesday. Citigroup upped their target price on Bank of New York Mellon from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upgraded Bank of New York Mellon from a “neutral” rating to an “overweight” rating and set a $54.50 target price for the company in a research report on Monday, December 18th. Finally, UBS Group upped their price target on Bank of New York Mellon from $54.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Bank of New York Mellon has an average rating of “Hold” and an average target price of $55.65.

Bank of New York Mellon Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.