Banque Cantonale Vaudoise Boosts Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Banque Cantonale Vaudoise increased its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 25.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,953 shares of the bank's stock after buying an additional 15,460 shares during the period. Banque Cantonale Vaudoise's holdings in Bank of New York Mellon were worth $5,530,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blair William & Co. IL raised its stake in Bank of New York Mellon by 1.6% during the first quarter. Blair William & Co. IL now owns 21,393 shares of the bank's stock valued at $1,233,000 after purchasing an additional 338 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Bank of New York Mellon by 160,472.7% in the 1st quarter. Acadian Asset Management LLC now owns 52,989 shares of the bank's stock valued at $3,051,000 after purchasing an additional 52,956 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Bank of New York Mellon by 31.5% in the 1st quarter. Covestor Ltd now owns 1,398 shares of the bank's stock worth $80,000 after purchasing an additional 335 shares during the period. UniSuper Management Pty Ltd increased its position in shares of Bank of New York Mellon by 271.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 26,597 shares of the bank's stock valued at $1,533,000 after purchasing an additional 19,443 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Bank of New York Mellon by 128.8% in the first quarter. Bessemer Group Inc. now owns 30,755 shares of the bank's stock worth $1,771,000 after buying an additional 17,312 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Hanneke Smits sold 16,475 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the sale, the vice president now owns 157,455 shares in the company, valued at approximately $12,040,583.85. This trade represents a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J Kevin Mccarthy sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the transaction, the executive vice president now directly owns 75,404 shares of the company's stock, valued at approximately $5,754,079.24. The trade was a 24.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on BK. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Morgan Stanley raised their price target on Bank of New York Mellon from $72.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Monday, September 30th. StockNews.com raised Bank of New York Mellon from a "hold" rating to a "buy" rating in a research report on Tuesday. Citigroup lifted their target price on Bank of New York Mellon from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group upped their price target on shares of Bank of New York Mellon from $74.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.23.

Bank of New York Mellon Stock Down 1.3 %

Bank of New York Mellon stock traded down $1.05 during mid-day trading on Tuesday, reaching $77.60. 2,168,312 shares of the company were exchanged, compared to its average volume of 3,856,105. The firm has a market cap of $56.42 billion, a P/E ratio of 16.95, a PEG ratio of 0.89 and a beta of 1.07. The business has a fifty day moving average of $74.21 and a 200 day moving average of $66.17. The Bank of New York Mellon Co. has a 12-month low of $46.71 and a 12-month high of $80.29. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. Research analysts anticipate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were issued a $0.47 dividend. The ex-dividend date was Monday, October 21st. This represents a $1.88 annualized dividend and a yield of 2.42%. Bank of New York Mellon's dividend payout ratio (DPR) is presently 40.87%.

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.