Crews Bank & Trust Invests $224,000 in The Bank of New York Mellon Co. (NYSE:BK)

Crews Bank & Trust purchased a new stake in The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,916 shares of the bank's stock, valued at approximately $224,000.

Several other institutional investors have also recently bought and sold shares of the stock. McClarren Financial Advisors Inc. increased its stake in shares of Bank of New York Mellon by 586.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank's stock valued at $29,000 after buying an additional 346 shares during the period. Fortitude Family Office LLC increased its position in Bank of New York Mellon by 130.6% in the third quarter. Fortitude Family Office LLC now owns 611 shares of the bank's stock worth $44,000 after purchasing an additional 346 shares during the period. Modus Advisors LLC bought a new stake in Bank of New York Mellon during the 4th quarter worth about $49,000. Ashton Thomas Securities LLC acquired a new position in Bank of New York Mellon during the 3rd quarter valued at about $46,000. Finally, Grove Bank & Trust boosted its stake in shares of Bank of New York Mellon by 28.8% in the 3rd quarter. Grove Bank & Trust now owns 644 shares of the bank's stock valued at $46,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Trading Up 0.6 %

NYSE BK opened at $86.54 on Friday. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $87.70. 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 stock has a 50 day moving average of $80.02 and a 200-day moving average of $73.68. The company has a market cap of $62.92 billion, a PE ratio of 14.90, a PEG ratio of 0.96 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.18. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 earnings per share. On average, equities research analysts anticipate that The Bank of New York Mellon Co. will post 6.86 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be paid a $0.47 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 2.17%. Bank of New York Mellon's dividend payout ratio is 32.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI upped their target price on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the company an "in-line" rating in a research report on Thursday, January 16th. Citigroup raised their price target on 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. Barclays upped their price objective on Bank of New York Mellon from $102.00 to $104.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, Wolfe Research cut Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

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.

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