Atria Investments Inc Sells 8,813 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Atria Investments Inc trimmed its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,866 shares of the bank's stock after selling 8,813 shares during the quarter. Atria Investments Inc's holdings in Bank of New York Mellon were worth $5,380,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP grew its position in shares of Bank of New York Mellon by 99.4% in the 2nd quarter. Marshall Wace LLP now owns 2,631,213 shares of the bank's stock valued at $157,583,000 after buying an additional 1,311,969 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Bank of New York Mellon by 6,040.9% during the second quarter. Panagora Asset Management Inc. now owns 1,037,806 shares of the bank's stock worth $62,154,000 after acquiring an additional 1,020,906 shares during the period. M&G Plc acquired a new position in Bank of New York Mellon during the first quarter worth about $55,543,000. Swedbank AB acquired a new position in Bank of New York Mellon during the first quarter worth about $35,514,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Bank of New York Mellon by 89.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,216,146 shares of the bank's stock worth $72,835,000 after buying an additional 574,319 shares during the period. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Hanneke Smits sold 16,475 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the sale, the vice president now directly owns 157,455 shares in the company, valued at $12,040,583.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP J Kevin Mccarthy sold 25,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the sale, the executive vice president now owns 75,404 shares in the company, valued at $5,754,079.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Hanneke Smits sold 16,475 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the transaction, the vice president now owns 157,455 shares in the company, valued at approximately $12,040,583.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Bank of New York Mellon Trading Down 0.9 %

Shares of NYSE BK traded down $0.74 on Tuesday, reaching $77.94. 3,461,969 shares of the company traded hands, compared to its average volume of 3,859,383. The stock has a market capitalization of $56.67 billion, a PE ratio of 17.11, a P/E/G ratio of 0.90 and a beta of 1.07. The Bank of New York Mellon Co. has a fifty-two week low of $45.22 and a fifty-two week high of $80.29. The company has a 50 day moving average of $73.16 and a 200 day moving average of $65.43. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its earnings results on Friday, October 11th. The bank reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.11. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. On average, equities research analysts forecast that The Bank of New York Mellon Co. will post 5.82 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, October 21st. Bank of New York Mellon's dividend payout ratio (DPR) is currently 40.87%.

Analyst Ratings Changes

BK has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Bank of New York Mellon from $69.00 to $79.00 and gave the company an "equal weight" rating in a report on Monday, October 14th. The Goldman Sachs Group upped their price objective on Bank of New York Mellon from $74.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $79.00 price target on shares of Bank of New York Mellon in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $77.08.

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.