Nisa Investment Advisors LLC boosted its stake in shares of Bank of New York Mellon Corp (NYSE:BK) by 32.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,700 shares of the bank’s stock after purchasing an additional 24,325 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bank of New York Mellon were worth $5,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC increased its holdings in shares of Bank of New York Mellon by 36.4% in the 4th quarter. FMR LLC now owns 32,610,453 shares of the bank’s stock valued at $1,534,974,000 after acquiring an additional 8,695,718 shares during the last quarter. Norges Bank purchased a new position in shares of Bank of New York Mellon in the 4th quarter valued at about $390,153,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Bank of New York Mellon by 4,153.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,711,519 shares of the bank’s stock valued at $100,000 after acquiring an additional 4,600,747 shares during the last quarter. Ronna Sue Cohen increased its holdings in shares of Bank of New York Mellon by 4,919.9% in the 1st quarter. Ronna Sue Cohen now owns 2,207,487 shares of the bank’s stock valued at $2,207,000 after acquiring an additional 2,163,512 shares during the last quarter. Finally, Marathon Asset Management LLP purchased a new position in shares of Bank of New York Mellon in the 4th quarter valued at about $57,526,000. Institutional investors own 87.61% of the company’s stock.

In related news, Director Edward P. Garden sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $52.00, for a total value of $69,472.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 2,107,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $53.48, for a total value of $112,682,360.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,713,437 shares of company stock valued at $198,594,100. Company insiders own 1.71% of the company’s stock.

A number of research firms have recently commented on BK. Zacks Investment Research reiterated a “hold” rating on shares of Bank of New York Mellon in a report on Monday, December 31st. Royal Bank of Canada decreased their target price on Bank of New York Mellon to $52.00 and set a “positive” rating for the company in a research report on Thursday. ValuEngine cut Bank of New York Mellon from a “hold” rating to a “sell” rating in a research report on Thursday. Buckingham Research decreased their target price on Bank of New York Mellon from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Deutsche Bank upped their target price on Bank of New York Mellon from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Bank of New York Mellon presently has a consensus rating of “Hold” and an average target price of $53.75.

Shares of BK stock opened at $48.41 on Monday. The company has a market cap of $46.22 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Bank of New York Mellon Corp has a 12-month low of $43.67 and a 12-month high of $58.22. The company has a quick ratio of 0.70, a current ratio of 0.68 and a debt-to-equity ratio of 0.84.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Wednesday, April 17th. The bank reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Bank of New York Mellon had a return on equity of 10.98% and a net margin of 20.69%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. On average, equities research analysts expect that Bank of New York Mellon Corp will post 4.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, April 26th. Bank of New York Mellon’s dividend payout ratio (DPR) is 26.60%.

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Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

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

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