Quantbot Technologies LP bought a new stake in Bank Of New York Mellon Corporation (The) (NYSE:BK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,388 shares of the bank’s stock, valued at approximately $391,000.

Other institutional investors have also recently bought and sold shares of the company. Columbia Asset Management bought a new stake in shares of Bank Of New York Mellon in the third quarter valued at approximately $270,000. Oak Associates Ltd. OH boosted its stake in shares of Bank Of New York Mellon by 4.2% in the third quarter. Oak Associates Ltd. OH now owns 270,065 shares of the bank’s stock valued at $14,319,000 after buying an additional 10,970 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Bank Of New York Mellon in the third quarter valued at approximately $1,119,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Bank Of New York Mellon by 3.9% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 255,809 shares of the bank’s stock valued at $13,563,000 after buying an additional 9,555 shares during the period. Finally, Comerica Bank boosted its stake in shares of Bank Of New York Mellon by 0.6% in the third quarter. Comerica Bank now owns 323,728 shares of the bank’s stock valued at $16,721,000 after buying an additional 1,844 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on BK shares. BidaskClub cut Bank Of New York Mellon from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG cut Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and set a $58.00 target price on shares of Bank Of New York Mellon in a research note on Thursday, August 31st. Wells Fargo & Company started coverage on Bank Of New York Mellon in a research note on Wednesday, August 9th. They set a “market perform” rating and a $55.00 target price for the company. Finally, Zacks Investment Research cut Bank Of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.28.

In related news, Director Trian Fund Management, L.P. sold 5,798,725 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $52.42, for a total value of $303,969,164.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.26, for a total value of $1,139,407.28. Following the completion of the sale, the insider now owns 181,815 shares of the company’s stock, valued at $9,319,836.90. The disclosure for this sale can be found here. Insiders sold 7,670,182 shares of company stock valued at $402,890,932 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Bank Of New York Mellon Corporation (NYSE:BK) opened at $52.23 on Monday. Bank Of New York Mellon Corporation has a 12 month low of $43.85 and a 12 month high of $55.29. The company has a market capitalization of $53,484.67, a price-to-earnings ratio of 15.05, a PEG ratio of 1.90 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Tuesday, October 31st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, October 30th. Bank Of New York Mellon’s payout ratio is 28.07%.

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About Bank Of New York Mellon

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 (NYSE:BK)

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