Bank of #New York #Mellon Corp (BK) Position #Boosted by Schroder #Investment Management #Group

Schroder Investment Management Group increased its position in shares of Bank of New York Mellon Corp (NYSE:BK) by 1,440.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,206 shares of the bank’s stock after buying an additional 80,609 shares during the period. Schroder Investment Management Group’s holdings in Bank of New York Mellon were worth $4,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BK. Nationwide Fund Advisors increased its holdings in Bank of New York Mellon by 0.5% during the third quarter. Nationwide Fund Advisors now owns 293,225 shares of the bank’s stock worth $15,547,000 after buying an additional 1,587 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Bank of New York Mellon by 7.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 71,621 shares of the bank’s stock valued at $3,797,000 after purchasing an additional 4,665 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Bank of New York Mellon by 118.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,722,972 shares of the bank’s stock valued at $91,352,000 after purchasing an additional 932,700 shares during the last quarter. Forsta AP Fonden acquired a new position in shares of Bank of New York Mellon in the third quarter valued at $3,059,000. Finally, Country Trust Bank increased its holdings in shares of Bank of New York Mellon by 4.1% in the third quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock valued at $32,132,000 after purchasing an additional 23,683 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Bank of New York Mellon Corp (NYSE BK) opened at $55.37 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.70 and a quick ratio of 0.69. Bank of New York Mellon Corp has a one year low of $45.12 and a one year high of $58.99. The company has a market cap of $56,051.16, a PE ratio of 15.38, a P/E/G ratio of 1.77 and a beta of 1.16.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Thursday, January 18th. The bank reported $0.91 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.91. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company posted $0.77 earnings per share. Bank of New York Mellon’s revenue was down 1.6% compared to the same quarter last year. research analysts anticipate that Bank of New York Mellon Corp will post 4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Tuesday, January 30th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, January 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 25.74%.

In related news, insider Bridget E. Engle sold 38,928 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $56.62, for a total value of $2,204,103.36. Following the transaction, the insider now directly owns 68,046 shares in the company, valued at $3,852,764.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.60% of the company’s stock.

BK has been the topic of several research reports. Morgan Stanley upgraded shares of Bank of New York Mellon from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Friday, January 19th. Barclays upped their price objective on shares of Bank of New York Mellon from $55.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Wednesday, December 20th. JPMorgan Chase & Co. downgraded shares of Bank of New York Mellon from a “neutral” rating to an “underweight” rating and set a $55.50 price objective on the stock. in a report on Friday, January 19th. Finally, ValuEngine upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Bank of New York Mellon currently has a consensus rating of “Hold” and a consensus target price of $56.76.

Bank of New York Mellon 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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