The Bank of New York Mellon Co. (NYSE:BK) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 325.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,275 shares of the bank's stock after buying an additional 13,982 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Bank of New York Mellon were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BK. B. Riley Wealth Advisors Inc. raised its holdings in shares of Bank of New York Mellon by 13.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,944 shares of the bank's stock worth $861,000 after buying an additional 1,803 shares during the period. Tidal Investments LLC boosted its stake in Bank of New York Mellon by 20.6% in the 1st quarter. Tidal Investments LLC now owns 24,671 shares of the bank's stock worth $1,421,000 after purchasing an additional 4,210 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Bank of New York Mellon by 3.9% in the first quarter. Hancock Whitney Corp now owns 15,373 shares of the bank's stock valued at $886,000 after purchasing an additional 576 shares during the period. Citizens Financial Group Inc. RI increased its stake in shares of Bank of New York Mellon by 15.5% in the first quarter. Citizens Financial Group Inc. RI now owns 40,980 shares of the bank's stock worth $2,361,000 after acquiring an additional 5,505 shares during the period. Finally, Swedbank AB acquired a new position in shares of Bank of New York Mellon in the 1st quarter valued at about $35,514,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on BK. The Goldman Sachs Group raised their target price on 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. Morgan Stanley raised their price objective on shares of 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 upgraded shares of Bank of New York Mellon from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Evercore ISI raised their price target on shares of Bank of New York Mellon from $66.00 to $77.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company increased their target price on shares of 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. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.15.

Insider Transactions at Bank of New York Mellon

In related news, VP Hanneke Smits sold 16,475 shares of the business's stock in a transaction on 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 sale, the vice president now directly owns 157,455 shares of the company's stock, valued at $12,040,583.85. The trade was a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 25,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were 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 of the company's stock, valued at $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. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Stock Up 0.6 %

BK stock traded up $0.48 during mid-day trading on Wednesday, reaching $81.75. The company had a trading volume of 1,307,862 shares, compared to its average volume of 3,837,809. The Bank of New York Mellon Co. has a fifty-two week low of $46.81 and a fifty-two week high of $82.08. The company has a market capitalization of $59.44 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a fifty day simple moving average of $75.46 and a 200 day simple moving average of $67.10.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The bank reported $1.52 EPS for the quarter, topping the consensus estimate of $1.41 by $0.11. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. The company had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.52 billion. Analysts forecast 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 announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Monday, October 21st. Bank of New York Mellon's dividend payout ratio (DPR) is presently 40.87%.

About Bank of New York Mellon

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.