denkapparat Operations GmbH Takes $372,000 Position in The Bank of New York Mellon Co. (NYSE:BK)

denkapparat Operations GmbH purchased a new stake in The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,848 shares of the bank's stock, valued at approximately $372,000.

Several other hedge funds have also added to or reduced their stakes in the business. Pictet Asset Management Holding SA raised its holdings in Bank of New York Mellon by 12.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 485,346 shares of the bank's stock worth $37,289,000 after buying an additional 52,112 shares during the period. New Age Alpha Advisors LLC boosted its position in Bank of New York Mellon by 5,626.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 14,546 shares of the bank's stock valued at $1,118,000 after purchasing an additional 14,292 shares during the last quarter. Norges Bank bought a new position in Bank of New York Mellon in the fourth quarter valued at approximately $1,150,462,000. Blair William & Co. IL increased its holdings in Bank of New York Mellon by 3.9% during the fourth quarter. Blair William & Co. IL now owns 24,605 shares of the bank's stock worth $1,890,000 after buying an additional 930 shares during the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in Bank of New York Mellon in the fourth quarter valued at $6,501,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Trading Down 0.1 %

BK traded down $0.09 during trading on Tuesday, reaching $83.78. 931,934 shares of the company's stock were exchanged, compared to its average volume of 3,888,188. The stock has a market capitalization of $60.15 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm has a fifty day moving average price of $85.35 and a two-hundred day moving average price of $79.80. 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 Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $90.34.

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Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.18. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. 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 company earned $1.28 EPS. As a group, equities research analysts forecast that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 2.24%. Bank of New York Mellon's payout ratio is 32.36%.

Analysts Set New Price Targets

BK has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a research note on Tuesday. Bank of America increased their price target on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Barclays boosted their price target on 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. UBS Group raised their price objective on 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. Finally, Morgan Stanley increased their price objective on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.00.

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.