The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated reduced its position in The Bank of New York Mellon Co. (NYSE:BK) by 15.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,688 shares of the bank’s stock after selling 682 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Bank of New York Mellon were worth $284,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in shares of Bank of New York Mellon by 5.4% during the 4th quarter. Bleakley Financial Group LLC now owns 11,244 shares of the bank’s stock worth $864,000 after buying an additional 580 shares in the last quarter. Choreo LLC raised its position in Bank of New York Mellon by 6.8% in the fourth quarter. Choreo LLC now owns 52,913 shares of the bank’s stock worth $4,077,000 after acquiring an additional 3,374 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in Bank of New York Mellon by 5.3% in the fourth quarter. Tectonic Advisors LLC now owns 9,162 shares of the bank’s stock valued at $704,000 after acquiring an additional 464 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Bank of New York Mellon by 11.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 135,558 shares of the bank’s stock worth $10,480,000 after purchasing an additional 13,906 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Bank of New York Mellon by 113.9% during the 4th quarter. Y.D. More Investments Ltd now owns 905 shares of the bank’s stock worth $70,000 after purchasing an additional 482 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BK shares. UBS Group raised their price objective on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $79.00 price target on shares of Bank of New York Mellon in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley upped their target price on Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Barclays lifted their price target on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Bank of New York Mellon Stock Performance

NYSE:BK opened at $86.15 on Monday. The Bank of New York Mellon Co. has a 1-year low of $52.64 and a 1-year high of $87.70. The firm has a 50 day simple moving average of $80.70 and a 200-day simple moving average of $74.75. The firm has a market cap of $62.64 billion, a PE ratio of 14.83, a P/E/G ratio of 0.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. On average, equities analysts expect that The Bank of New York Mellon Co. will post 6.89 EPS for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.