Barclays PLC Has $169.54 Million Stock Position in The Bank of New York Mellon Co. (NYSE:BK)

Barclays PLC trimmed its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 30.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,359,296 shares of the bank's stock after selling 1,027,220 shares during the quarter. Barclays PLC owned about 0.32% of Bank of New York Mellon worth $169,542,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its holdings 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 valued at $29,000 after acquiring an additional 346 shares during the last quarter. Clearstead Trust LLC bought a new stake in Bank of New York Mellon during the second quarter worth approximately $32,000. Fortitude Family Office LLC grew its holdings 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 valued at $44,000 after purchasing an additional 346 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Bank of New York Mellon in the third quarter valued at approximately $46,000. Finally, Grove Bank & Trust lifted its stake 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 buying an additional 144 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

Insider Transactions at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 25,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 75,404 shares in the company, valued at approximately $5,754,079.24. This trade represents a 24.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Hanneke Smits sold 16,475 shares of Bank of New York Mellon stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 157,455 shares of the company's stock, valued at $12,040,583.85. This represents a 9.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BK. Barclays lifted their target price on shares of Bank of New York Mellon from $75.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Wells Fargo & Company lifted their price objective on Bank of New York Mellon from $79.00 to $81.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased their target price on Bank of New York Mellon from $87.00 to $96.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Morgan Stanley raised Bank of New York Mellon from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $82.00 to $94.00 in a research report on Monday. Finally, StockNews.com cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock traded down $0.94 during trading on Wednesday, hitting $79.68. 4,816,969 shares of the company's stock traded hands, compared to its average volume of 3,829,547. The company has a market cap of $57.93 billion, a PE ratio of 17.44, a PEG ratio of 0.92 and a beta of 1.07. The firm's fifty day moving average price is $77.33 and its 200 day moving average price is $68.67. The Bank of New York Mellon Co. has a twelve month low of $49.48 and a twelve month high of $82.72. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings data on Friday, October 11th. The bank reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.52 billion. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. Analysts forecast that The Bank of New York Mellon Co. will post 5.84 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.36%. Bank of New York Mellon's dividend payout ratio is presently 40.87%.

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.