Woodstock Corp decreased its position in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 45,475 shares of the bank’s stock after selling 695 shares during the period. Woodstock Corp’s holdings in Bank Of New York Mellon Corporation (The) were worth $2,320,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 2,064.6% in the first quarter. BlackRock Inc. now owns 57,741,220 shares of the bank’s stock worth $2,727,121,000 after buying an additional 55,073,730 shares in the last quarter. New England Asset Management Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 92,225.0% in the first quarter. New England Asset Management Inc. now owns 3,693,000 shares of the bank’s stock worth $174,420,000 after buying an additional 3,689,000 shares in the last quarter. American Century Companies Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 135.6% in the first quarter. American Century Companies Inc. now owns 3,776,619 shares of the bank’s stock worth $178,370,000 after buying an additional 2,173,699 shares in the last quarter. Vanguard Group Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 3.0% in the first quarter. Vanguard Group Inc. now owns 66,349,379 shares of the bank’s stock worth $3,133,681,000 after buying an additional 1,905,810 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Bank Of New York Mellon Corporation (The) by 82.1% in the first quarter. AQR Capital Management LLC now owns 3,102,607 shares of the bank’s stock worth $146,536,000 after buying an additional 1,399,039 shares in the last quarter. 82.02% of the stock is owned by institutional investors.

Bank Of New York Mellon Corporation (BK) traded up 0.53% during mid-day trading on Tuesday, reaching $53.11. 1,445,906 shares of the company traded hands. The firm has a market capitalization of $54.87 billion, a price-to-earnings ratio of 15.75 and a beta of 1.15. The stock’s 50 day moving average price is $52.53 and its 200 day moving average price is $48.60. Bank Of New York Mellon Corporation has a 52 week low of $38.68 and a 52 week high of $54.59.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Bank Of New York Mellon Corporation (The) had a net margin of 23.35% and a return on equity of 10.35%. Bank Of New York Mellon Corporation (The)’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Equities analysts forecast that Bank Of New York Mellon Corporation will post $3.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st were paid a $0.24 dividend. This is a boost from Bank Of New York Mellon Corporation (The)’s previous quarterly dividend of $0.19. This represents a $0.96 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, July 28th. Bank Of New York Mellon Corporation (The)’s payout ratio is currently 28.40%.

Bank Of New York Mellon Corporation (The) declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $3.10 billion in outstanding shares. This repurchase authorization permits the bank to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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BK has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday, July 11th. Bank of America Corporation set a $52.00 price target on shares of Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a report on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, April 21st. Finally, Deutsche Bank AG raised their price target on shares of Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Bank Of New York Mellon Corporation (The) has a consensus rating of “Hold” and an average target price of $53.12.

In other Bank Of New York Mellon Corporation (The) news, Chairman Gerald L. Hassell sold 700,719 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $53.91, for a total value of $37,775,761.29. Following the transaction, the chairman now directly owns 1,253,522 shares of the company’s stock, valued at approximately $67,577,371.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles W. Scharf acquired 186,900 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $53.82 per share, for a total transaction of $10,058,958.00. Following the completion of the purchase, the chief executive officer now directly owns 73,640 shares in the company, valued at approximately $3,963,304.80. The disclosure for this purchase can be found here. Insiders sold a total of 10,885,099 shares of company stock worth $578,623,062 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Bank Of New York Mellon Corporation (The) Company Profile

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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