Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 21.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,676 shares of the bank’s stock after selling 119,470 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bank Of New York Mellon Corporation (The) were worth $23,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 1.6% during the second quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock valued at $3,439,792,000 after buying an additional 1,071,088 shares during the period. Berkshire Hathaway Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 52.2% during the second quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock valued at $2,562,715,000 after buying an additional 17,217,529 shares during the period. First Eagle Investment Management LLC boosted its position in Bank Of New York Mellon Corporation (The) by 1.4% during the third quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock valued at $1,047,319,000 after buying an additional 271,858 shares during the period. Longview Partners Guernsey LTD boosted its position in Bank Of New York Mellon Corporation (The) by 5.2% during the third quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock valued at $921,593,000 after buying an additional 862,800 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Bank Of New York Mellon Corporation (The) by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock valued at $771,927,000 after acquiring an additional 838,301 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Bank Of New York Mellon Corporation (BK) traded up $0.05 during mid-day trading on Tuesday, reaching $52.52. 4,558,100 shares of the company were exchanged, compared to its average volume of 4,574,481. 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 $54,260.00, a P/E ratio of 15.12, a P/E/G ratio of 1.98 and a beta of 1.21. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. The company 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%. Bank Of New York Mellon Corporation (The)’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. equities research analysts anticipate that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, October 30th. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is presently 28.24%.

Several brokerages have recently commented on BK. BidaskClub raised shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a research note on Sunday, August 6th. Citigroup Inc. reaffirmed a “neutral” rating and set a $56.00 price objective (up from $53.00) on shares of Bank Of New York Mellon Corporation (The) in a research note on Monday, October 9th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, October 20th. Credit Suisse Group reaffirmed a “hold” rating and set a $55.00 price objective on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Bank Of New York Mellon Corporation (The) currently has an average rating of “Hold” and an average price target of $55.28.

In other Bank Of New York Mellon Corporation (The) news, Vice Chairman Brian T. Shea sold 22,228 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 181,815 shares in the company, valued at $9,319,836.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward P. Garden sold 1,031,157 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $53.13, for a total transaction of $54,785,371.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,876,390 shares of company stock worth $361,148,976. Corporate insiders own 3.60% of the company’s stock.

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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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