Mitsubishi UFJ Trust & Banking Corp Has $79.54 Million Stake in The Bank of New York Mellon Co. (NYSE:BK)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,035,321 shares of the bank's stock after purchasing an additional 58,499 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.14% of Bank of New York Mellon worth $79,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Centricity Wealth Management LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $39,000. TCTC Holdings LLC grew its position in Bank of New York Mellon by 257.5% during the fourth quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock worth $46,000 after buying an additional 430 shares in the last quarter. Modus Advisors LLC bought a new position in Bank of New York Mellon during the 4th quarter worth $49,000. Friedenthal Financial bought a new position in Bank of New York Mellon during the 4th quarter worth $56,000. Finally, Asset Dedication LLC raised its holdings 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 acquiring an additional 585 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on BK. Wells Fargo & Company raised their price target on Bank of New York Mellon from $86.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, March 3rd. Morgan Stanley raised their target price 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 boosted 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. StockNews.com lowered shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Bank of America boosted their price objective on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.71.

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Bank of New York Mellon Trading Down 2.1 %

Bank of New York Mellon stock traded down $1.81 during trading hours on Friday, hitting $82.67. The stock had a trading volume of 2,643,554 shares, compared to its average volume of 3,898,259. The stock has a market cap of $59.35 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The business's 50 day simple moving average is $85.34 and its 200-day simple moving average is $79.53. The Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, topping 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 business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the company earned $1.28 EPS. The firm's revenue was up 11.2% compared to the same quarter last year. On average, equities 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.27%. Bank of New York Mellon's dividend 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.