Los Angeles Capital Management LLC Grows Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Los Angeles Capital Management LLC lifted its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 1,375.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 252,292 shares of the bank's stock after purchasing an additional 235,190 shares during the period. Los Angeles Capital Management LLC's holdings in Bank of New York Mellon were worth $19,384,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. United Advisor Group LLC bought a new position in Bank of New York Mellon in the 3rd quarter worth approximately $595,000. Czech National Bank boosted its holdings in Bank of New York Mellon by 4.9% in the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock valued at $12,112,000 after purchasing an additional 7,316 shares during the period. Principal Financial Group Inc. boosted its holdings in Bank of New York Mellon by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 883,853 shares of the bank's stock valued at $63,514,000 after purchasing an additional 14,916 shares during the period. Chase Investment Counsel Corp boosted its holdings in Bank of New York Mellon by 67.2% in the 3rd quarter. Chase Investment Counsel Corp now owns 83,530 shares of the bank's stock valued at $6,002,000 after purchasing an additional 33,558 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Bank of New York Mellon by 130.1% in the 3rd quarter. HighTower Advisors LLC now owns 326,372 shares of the bank's stock valued at $23,449,000 after purchasing an additional 184,560 shares during the period. Hedge funds and other institutional investors own 85.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. 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. UBS Group raised their price target on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Bank of America raised their price target on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, January 16th. 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Bank of New York Mellon Trading Up 2.3 %

NYSE:BK traded up $1.97 during trading hours on Friday, reaching $88.86. The company's stock had a trading volume of 7,187,969 shares, compared to its average volume of 4,209,997. The firm has a market capitalization of $64.60 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.97 and a beta of 1.08. The firm has a 50-day simple moving average of $83.02 and a 200-day simple moving average of $77.11. The Bank of New York Mellon Co. has a 1 year low of $52.64 and a 1 year high of $89.44. 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 issued 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 analysts' expectations of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. Research 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's payout ratio is 32.36%.

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.