Apeiron RIA LLC Purchases Shares of 7,725 The Bank of New York Mellon Co. (NYSE:BK)

Apeiron RIA LLC acquired a new position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,725 shares of the bank's stock, valued at approximately $594,000.

A number of other institutional investors also recently made changes to their positions in BK. FMR LLC increased its holdings in shares of Bank of New York Mellon by 78.6% during the third quarter. FMR LLC now owns 19,338,722 shares of the bank's stock worth $1,389,680,000 after purchasing an additional 8,512,404 shares during the period. Wellington Management Group LLP increased its stake in Bank of New York Mellon by 2,707.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,258,967 shares of the bank's stock worth $234,189,000 after acquiring an additional 3,142,869 shares during the period. Zacks Investment Management acquired a new position in Bank of New York Mellon in the 3rd quarter valued at $62,589,000. State Street Corp grew its holdings in shares of Bank of New York Mellon by 2.0% during the 3rd quarter. State Street Corp now owns 33,313,594 shares of the bank's stock worth $2,393,915,000 after purchasing an additional 659,096 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Bank of New York Mellon by 248.3% in the third quarter. National Bank of Canada FI now owns 858,831 shares of the bank's stock worth $61,715,000 after purchasing an additional 612,287 shares during the period. Institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Price Performance

NYSE:BK traded up $1.09 during midday trading on Friday, hitting $85.82. The company had a trading volume of 4,305,984 shares, compared to its average volume of 4,442,666. The stock's fifty day moving average price is $79.38 and its 200-day moving average price is $72.91. The Bank of New York Mellon Co. has a 52-week low of $52.64 and a 52-week high of $86.34. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $62.39 billion, a PE ratio of 14.77, a P/E/G ratio of 0.96 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.18. The company had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. Bank of New York Mellon's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS. As a group, research analysts expect that The Bank of New York Mellon Co. will post 6.86 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.19%. Bank of New York Mellon's dividend payout ratio (DPR) is currently 32.36%.

Wall Street Analyst Weigh In

Several research firms have commented on BK. Barclays raised their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Bank of America boosted their price objective on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their price target on Bank of New York Mellon from $82.00 to $86.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on Bank of New York Mellon from $87.00 to $96.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Bank of New York Mellon presently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Bank of New York Mellon 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.