The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its stake in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,245 shares of the bank's stock after selling 4,949 shares during the quarter. Bank of New York Mellon comprises approximately 0.8% of Kintegral Advisory LLC's holdings, making the stock its 26th biggest holding. Kintegral Advisory LLC's holdings in Bank of New York Mellon were worth $8,163,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BK. Studio Investment Management LLC raised its holdings in Bank of New York Mellon by 2.1% in the third quarter. Studio Investment Management LLC now owns 6,636 shares of the bank's stock valued at $477,000 after buying an additional 134 shares during the period. Grove Bank & Trust raised 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 acquiring an additional 135 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in shares of Bank of New York Mellon by 2.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,024 shares of the bank's stock valued at $505,000 after acquiring an additional 137 shares in the last quarter. Valeo Financial Advisors LLC lifted 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 acquiring an additional 139 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in Bank of New York Mellon by 1.1% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 12,908 shares of the bank's stock worth $928,000 after purchasing an additional 142 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Bank of New York Mellon Stock Down 0.6 %

Shares of BK stock traded down $0.52 during trading hours on Wednesday, hitting $86.23. 3,709,639 shares of the company were exchanged, compared to its average volume of 4,159,996. The stock has a market capitalization of $62.70 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.97 and a beta of 1.08. The Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $89.44. The business's 50-day simple moving average is $82.38 and its two-hundred day simple moving average is $76.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69.

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, topping analysts' consensus estimates of $1.54 by $0.18. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. Sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's dividend payout ratio (DPR) is presently 32.36%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BK. Deutsche Bank Aktiengesellschaft boosted their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. UBS Group boosted their price target 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. Citigroup increased their price objective on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

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.