New Age Alpha Advisors LLC Has $1.12 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

New Age Alpha Advisors LLC boosted its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 5,626.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,546 shares of the bank's stock after purchasing an additional 14,292 shares during the quarter. New Age Alpha Advisors LLC's holdings in Bank of New York Mellon were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BK. Graney & King LLC purchased a new stake in shares of Bank of New York Mellon in the 4th quarter worth about $35,000. Centricity Wealth Management LLC purchased a new position in Bank of New York Mellon in the 4th quarter worth approximately $39,000. TCTC Holdings LLC lifted its stake in Bank of New York Mellon by 257.5% during the 4th quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock valued at $46,000 after acquiring an additional 430 shares during the period. Modus Advisors LLC purchased a new position in shares of Bank of New York Mellon in the 4th quarter worth $49,000. Finally, Friedenthal Financial purchased a new stake in Bank of New York Mellon during the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BK. Wolfe Research downgraded Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. UBS Group lifted their price objective 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. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 price objective on shares of Bank of New York Mellon in a report on Monday, March 17th. 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, Barclays increased their price objective on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $90.07.

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Bank of New York Mellon Stock Down 5.1 %

Shares of NYSE:BK traded down $4.33 during trading on Thursday, hitting $79.89. The company's stock had a trading volume of 5,261,860 shares, compared to its average volume of 3,908,482. The company has a market capitalization of $57.36 billion, a PE ratio of 13.75, a PEG ratio of 0.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The stock's 50-day moving average price is $85.33 and its two-hundred day moving average price is $79.94. The Bank of New York Mellon Co. has a fifty-two week low of $52.64 and a fifty-two week high of $90.34.

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, topping analysts' consensus estimates of $1.54 by $0.18. The business 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 company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. As a group, sell-side analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon's dividend payout ratio is presently 32.36%.

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.