Mn Services Vermogensbeheer B.V. Has $22.94 Million Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Mn Services Vermogensbeheer B.V. raised its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 298,516 shares of the bank's stock after purchasing an additional 5,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Bank of New York Mellon were worth $22,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp grew its holdings in shares of Bank of New York Mellon by 2.0% during the 3rd quarter. State Street Corp now owns 33,313,594 shares of the bank's stock valued at $2,393,915,000 after acquiring an additional 659,096 shares in the last quarter. FMR LLC increased its position in Bank of New York Mellon by 78.6% in the 3rd quarter. FMR LLC now owns 19,338,722 shares of the bank's stock worth $1,389,680,000 after purchasing an additional 8,512,404 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bank of New York Mellon by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,634,088 shares of the bank's stock worth $476,726,000 after purchasing an additional 117,974 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Bank of New York Mellon by 2,707.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,258,967 shares of the bank's stock valued at $234,189,000 after buying an additional 3,142,869 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Bank of New York Mellon by 8.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,252,729 shares of the bank's stock valued at $172,348,000 after buying an additional 173,347 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Stock Performance

NYSE:BK traded down $0.63 during trading hours on Monday, hitting $88.32. 4,374,387 shares of the company traded hands, compared to its average volume of 4,213,864. 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 stock has a market capitalization of $64.22 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 0.97 and a beta of 1.08. The firm has a 50-day moving average of $83.02 and a 200 day moving average of $77.30. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $90.34.

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 for the quarter, topping analysts' consensus estimates of $1.54 by $0.18. The business 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%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.28 earnings per share. On average, analysts forecast that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.13%. Bank of New York Mellon's payout ratio is 32.36%.

Analyst Ratings Changes

Several brokerages recently weighed in on BK. Citigroup raised 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. Evercore ISI raised their price target on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Bank of America upped their price objective on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Wells Fargo & Company increased their target price on shares of 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. Finally, StockNews.com cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average target price of $88.71.

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.