The Bank of New York Mellon Co. (NYSE:BK) Stock Holdings Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 16.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,927 shares of the bank's stock after purchasing an additional 3,059 shares during the period. Apollon Wealth Management LLC's holdings in Bank of New York Mellon were worth $1,685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. raised its position in shares of Bank of New York Mellon by 586.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank's stock worth $29,000 after purchasing an additional 346 shares during the last quarter. Fortitude Family Office LLC increased its position in Bank of New York Mellon by 130.6% during the third quarter. Fortitude Family Office LLC now owns 611 shares of the bank's stock worth $44,000 after buying an additional 346 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Bank of New York Mellon by 28.8% in the third quarter. Grove Bank & Trust now owns 644 shares of the bank's stock worth $46,000 after acquiring an additional 144 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Bank of New York Mellon in the third quarter valued at $46,000. Finally, Modus Advisors LLC purchased a new stake in shares of Bank of New York Mellon in the fourth quarter valued at $49,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon Stock Up 0.6 %

Bank of New York Mellon stock traded up $0.53 during midday trading on Tuesday, hitting $85.56. The stock had a trading volume of 2,329,309 shares, compared to its average volume of 3,834,545. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average price of $80.77 and a 200 day moving average price of $74.97. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $87.70. The stock has a market cap of $62.21 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.98 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. Bank of New York Mellon's quarterly revenue was up 11.2% on a year-over-year basis. Research analysts predict that The Bank of New York Mellon Co. will post 6.89 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.20%. Bank of New York Mellon's dividend payout ratio (DPR) is presently 32.36%.

Wall Street Analyst Weigh In

Several analysts have commented on BK shares. StockNews.com cut shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Truist Financial upped their target price on Bank of New York Mellon from $91.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target on Bank of New York Mellon from $87.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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. Finally, Citigroup raised their target price on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the stock a "neutral" rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

About Bank of New York Mellon

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.