5,445 Shares in The Bank of New York Mellon Co. (NYSE:BK) Purchased by MFA Wealth Services

MFA Wealth Services acquired a new position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,445 shares of the bank's stock, valued at approximately $418,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Advisor Group LLC purchased a new position in shares of Bank of New York Mellon during the 3rd quarter worth about $595,000. Czech National Bank grew its stake in shares of Bank of New York Mellon by 4.9% during the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock valued at $12,112,000 after buying an additional 7,316 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Bank of New York Mellon by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 883,853 shares of the bank's stock worth $63,514,000 after buying an additional 14,916 shares during the last quarter. Chase Investment Counsel Corp raised its position in shares of 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 worth $6,002,000 after buying an additional 33,558 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Bank of New York Mellon by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 10,416,436 shares of the bank's stock valued at $623,891,000 after acquiring an additional 421,161 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Stock Up 1.4 %

NYSE BK traded up $1.21 during trading on Friday, reaching $85.94. 1,563,849 shares of the company's stock were exchanged, compared to its average volume of 4,251,271. The firm has a market capitalization of $62.48 billion, a PE ratio of 14.80, a P/E/G ratio of 0.96 and a beta of 1.08. The Bank of New York Mellon Co. has a fifty-two week low of $52.64 and a fifty-two week high of $86.34. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The company's fifty day simple moving average is $79.38 and its 200-day simple moving average is $72.91.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts predict that The Bank of New York Mellon Co. will post 6.86 EPS for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.19%. Bank of New York Mellon's dividend payout ratio is currently 32.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BK shares. Royal Bank of Canada reissued a "sector perform" rating and set a $79.00 target price on shares of Bank of New York Mellon in a research report on Monday, October 14th. UBS Group increased their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price target on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Finally, Bank of America boosted their price objective on 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. 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.

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.