Financial Engines Advisors L.L.C. Sells 16,717 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Financial Engines Advisors L.L.C. trimmed its stake in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,855 shares of the bank's stock after selling 16,717 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Bank of New York Mellon were worth $13,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cape Investment Advisory Inc. raised its holdings in shares of Bank of New York Mellon by 12.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,172 shares of the bank's stock valued at $90,000 after buying an additional 131 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Bank of New York Mellon by 0.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 34,536 shares of the bank's stock worth $2,653,000 after acquiring an additional 133 shares during the last quarter. Grove Bank & Trust boosted its stake in shares of Bank of New York Mellon by 21.0% in the 4th quarter. Grove Bank & Trust now owns 779 shares of the bank's stock valued at $60,000 after purchasing an additional 135 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Bank of New York Mellon by 1.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,041 shares of the bank's stock valued at $695,000 after purchasing an additional 139 shares during the last quarter. Finally, Stratos Investment Management LLC raised its position in Bank of New York Mellon by 2.9% in the 4th quarter. Stratos Investment Management LLC now owns 5,109 shares of the bank's stock worth $393,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 85.31% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have issued reports on BK shares. Citigroup upped their price target on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, March 24th. StockNews.com lowered Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price objective on Bank of New York Mellon from $90.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Barclays raised their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Evercore ISI upped their price target on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.71.

Bank of New York Mellon Stock Down 2.1 %

BK traded down $1.81 on Friday, hitting $82.67. The company had a trading volume of 2,643,554 shares, compared to its average volume of 3,898,259. The stock has a fifty day simple moving average of $85.34 and a 200-day simple moving average of $79.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a market capitalization of $59.35 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.97 and a beta of 1.06. The Bank of New York Mellon Co. has a 52-week low of $52.64 and a 52-week high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its 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 company had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. As a group, equities analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS 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, February 7th. Investors of record on Monday, January 27th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.27%. Bank of New York Mellon's payout ratio is 32.36%.

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.