Hickory Point Bank & Trust Makes New Investment in The Bank of New York Mellon Co. (NYSE:BK)

Hickory Point Bank & Trust acquired a new position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,007 shares of the bank's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BK. Centricity Wealth Management LLC bought a new position in shares of Bank of New York Mellon during the 4th quarter worth about $39,000. Ashton Thomas Securities LLC bought a new stake in shares of Bank of New York Mellon in the 3rd quarter valued at approximately $46,000. Modus Advisors LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter worth approximately $49,000. Friedenthal Financial bought a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $56,000. Finally, Asset Dedication LLC boosted its stake in Bank of New York Mellon by 342.1% in the 4th quarter. Asset Dedication LLC now owns 756 shares of the bank's stock valued at $58,000 after buying an additional 585 shares in the last quarter. Institutional investors own 85.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BK shares. Wolfe Research lowered Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Morgan Stanley raised their price target on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. StockNews.com lowered shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. UBS Group upped their target price on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Bank of America lifted their price objective on Bank of New York Mellon from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and an average price target of $88.71.

Bank of New York Mellon Stock Up 0.2 %

Shares of Bank of New York Mellon stock traded up $0.16 on Monday, hitting $89.11. The company had a trading volume of 1,968,201 shares, compared to its average volume of 4,152,053. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $90.34. 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 50-day moving average of $83.02 and a 200-day moving average of $77.30. The firm has a market capitalization of $64.79 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.97 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping 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 return on equity of 12.68% and a net margin of 11.35%. The company's revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Research analysts predict that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid 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 dividend yield of 2.11%. Bank of New York Mellon's dividend payout ratio is currently 32.36%.

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.