B. Metzler seel. Sohn & Co. AG Has $3.93 Million Holdings in The Bank of New York Mellon Co. (NYSE:BK)

B. Metzler seel. Sohn & Co. AG reduced its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 8.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,187 shares of the bank's stock after selling 4,431 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Bank of New York Mellon were worth $3,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Financial LLC increased its position in shares of Bank of New York Mellon by 5.6% in the fourth quarter. Summit Financial LLC now owns 11,393 shares of the bank's stock valued at $875,000 after acquiring an additional 607 shares during the last quarter. FSB Premier Wealth Management Inc. grew its stake in Bank of New York Mellon by 15.9% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 12,577 shares of the bank's stock valued at $966,000 after purchasing an additional 1,729 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Bank of New York Mellon by 11.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock worth $60,426,000 after purchasing an additional 82,671 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Bank of New York Mellon by 0.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 146,627 shares of the bank's stock worth $11,430,000 after purchasing an additional 776 shares in the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in shares of Bank of New York Mellon in the 4th quarter valued at approximately $6,512,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Bank of New York Mellon Stock Performance

Shares of BK traded down $4.33 during midday trading on Thursday, reaching $79.89. 5,261,860 shares of the stock were exchanged, compared to its average volume of 3,908,484. The stock's 50 day simple moving average is $85.33 and its 200 day simple moving average is $79.94. The company has a market cap of $57.36 billion, a P/E ratio of 13.75, a PEG ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $90.34. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.18. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. Bank of New York Mellon's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $1.28 earnings per share. On average, sell-side analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's dividend payout ratio (DPR) is currently 32.36%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BK. UBS Group boosted their target price on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Wolfe Research lowered shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. 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 research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on Bank of New York Mellon from $86.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.07.

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.