Mutual of America Capital Management LLC Sells 3,773 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Mutual of America Capital Management LLC lessened its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,103 shares of the bank's stock after selling 3,773 shares during the period. Mutual of America Capital Management LLC's holdings in Bank of New York Mellon were worth $6,692,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BK. United Advisor Group LLC purchased a new position in shares of Bank of New York Mellon during the third quarter valued at approximately $595,000. Czech National Bank boosted its position in shares of Bank of New York Mellon by 4.9% during the fourth 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 last quarter. Principal Financial Group Inc. boosted its position in shares of Bank of New York Mellon by 1.7% during the third quarter. Principal Financial Group Inc. now owns 883,853 shares of the bank's stock valued at $63,514,000 after buying an additional 14,916 shares during the last quarter. Chase Investment Counsel Corp boosted its position in shares of Bank of New York Mellon by 67.2% during the third quarter. Chase Investment Counsel Corp now owns 83,530 shares of the bank's stock valued at $6,002,000 after buying an additional 33,558 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Bank of New York Mellon by 130.1% during the third quarter. HighTower Advisors LLC now owns 326,372 shares of the bank's stock valued at $23,449,000 after buying an additional 184,560 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock traded down $0.63 during trading hours on Monday, hitting $88.32. The company's stock had a trading volume of 4,374,784 shares, compared to its average volume of 4,214,189. The business has a 50 day moving average price of $83.02 and a two-hundred day moving average price of $77.30. The Bank of New York Mellon Co. has a 12-month low of $52.64 and a 12-month high of $90.34. The company has a market cap of $64.22 billion, a PE ratio of 15.20, a PEG ratio of 0.97 and a beta of 1.08. 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 announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The business's revenue was up 11.2% on a year-over-year basis. Analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given 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 dividend payout ratio is currently 32.36%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BK. Keefe, Bruyette & Woods lifted their price target on 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. Deutsche Bank Aktiengesellschaft lifted their price target on Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Morgan Stanley lifted their price target on Bank of New York Mellon from $90.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Bank of America lifted their price target on 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. Finally, UBS Group lifted their price target on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Six 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.71.

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.