Hancock Whitney Corp Boosts Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Hancock Whitney Corp raised its holdings in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,459 shares of the bank's stock after acquiring an additional 4,303 shares during the quarter. Hancock Whitney Corp's holdings in Bank of New York Mellon were worth $11,867,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Transce3nd LLC acquired a new stake in shares of Bank of New York Mellon in the fourth quarter valued at about $33,000. Graney & King LLC acquired a new stake in shares of Bank of New York Mellon during the 4th quarter valued at approximately $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Bank of New York Mellon during the 4th quarter worth approximately $39,000. TCTC Holdings LLC grew its holdings in shares of Bank of New York Mellon by 257.5% in the 4th quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock worth $46,000 after acquiring an additional 430 shares during the period. Finally, Modus Advisors LLC acquired a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $49,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bank of New York Mellon news, VP Catherine Keating sold 65,473 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $77.31, for a total transaction of $5,061,717.63. Following the completion of the sale, the vice president now directly owns 87,542 shares in the company, valued at $6,767,872.02. The trade was a 42.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $77.50, for a total transaction of $437,177.50. Following the completion of the transaction, the insider now directly owns 21,679 shares in the company, valued at approximately $1,680,122.50. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Bank of New York Mellon Trading Up 0.4 %

NYSE:BK traded up $0.29 during mid-day trading on Monday, reaching $78.94. The company's stock had a trading volume of 2,995,319 shares, compared to its average volume of 3,968,783. 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 stock has a market cap of $56.68 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.97 and a beta of 1.03. The company's fifty day simple moving average is $81.68 and its two-hundred day simple moving average is $80.56. The Bank of New York Mellon Co. has a twelve month low of $56.08 and a twelve month high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. Bank of New York Mellon's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share. On average, equities analysts predict that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 21st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, April 21st. Bank of New York Mellon's dividend payout ratio (DPR) is currently 30.62%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group boosted their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Morgan Stanley decreased their price objective on shares of Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com downgraded shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, Evercore ISI increased their price target 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 report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.31.

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.