Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 110.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,236 shares of the bank’s stock after purchasing an additional 55,256 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Bank Of New York Mellon Corporation (The) were worth $5,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BK. First Interstate Bank grew its holdings in Bank Of New York Mellon Corporation (The) by 56.2% in 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 during the last quarter. Exane Derivatives acquired a new stake in shares of Bank Of New York Mellon Corporation (The) during the second quarter worth $130,000. 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 buying an additional 7 shares during the period. Advisory Services Network LLC lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 15.5% during the second quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock worth $138,000 after buying an additional 363 shares during the period. Finally, Burt Wealth Advisors lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 2,186.7% during the second quarter. Burt Wealth Advisors now owns 2,744 shares of the bank’s stock worth $139,000 after buying an additional 2,624 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Bank Of New York Mellon Corporation (NYSE:BK) traded up $0.11 during trading on Monday, hitting $50.93. 3,552,400 shares of the company’s stock were exchanged, compared to its average volume of 4,567,572. The firm has a market capitalization of $52,153.44, a P/E ratio of 14.68, a P/E/G ratio of 1.92 and a beta of 1.22. 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 quick ratio of 0.69 and a current ratio of 0.69.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.88%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is currently 28.07%.

In other news, Director Trian Fund Management, L.P. sold 5,798,725 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $52.42, for a total transaction of $303,969,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gerald L. Hassell sold 1,788 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $53.04, for a total transaction of $94,835.52. Following the sale, the chairman now directly 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 6,922,428 shares of company stock valued at $363,584,637. Insiders own 3.60% of the company’s stock.

Several research firms have recently commented on BK. Bank of America Corporation set a $52.00 price objective on shares of Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a research note on Friday, July 21st. BidaskClub downgraded shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, July 21st. UBS AG downgraded shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research note on Friday, September 8th. Finally, Wells Fargo & Company began coverage on shares of 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 for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Bank Of New York Mellon Corporation (The) has a consensus rating of “Hold” and an average price target of $55.28.

About Bank Of New York Mellon Corporation (The)

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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