4,446 Shares in The Bank of New York Mellon Co. (NYSE:BK) Bought by New Century Financial Group LLC

New Century Financial Group LLC bought a new position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,446 shares of the bank's stock, valued at approximately $342,000.

A number of other large investors have also modified their holdings of BK. Bank of Montreal Can boosted its position in Bank of New York Mellon by 2.3% in the 2nd quarter. Bank of Montreal Can now owns 720,564 shares of the bank's stock valued at $43,162,000 after buying an additional 16,104 shares during the last quarter. AXA S.A. boosted its holdings in Bank of New York Mellon by 66.3% in the second quarter. AXA S.A. now owns 568,220 shares of the bank's stock valued at $34,031,000 after purchasing an additional 226,476 shares during the last quarter. AQR Capital Management LLC grew its stake in Bank of New York Mellon by 30.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,624,167 shares of the bank's stock valued at $96,849,000 after purchasing an additional 381,394 shares in the last quarter. APG Asset Management N.V. increased its holdings in Bank of New York Mellon by 175.0% during the 2nd quarter. APG Asset Management N.V. now owns 89,732 shares of the bank's stock worth $5,014,000 after purchasing an additional 57,100 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Bank of New York Mellon by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,416,436 shares of the bank's stock valued at $623,891,000 after purchasing an additional 421,161 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

Shares of BK traded up $1.09 during mid-day trading on Friday, reaching $85.82. 4,305,984 shares of the company's stock traded hands, compared to its average volume of 3,330,368. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $86.34. The stock has a market capitalization of $62.39 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. The business's 50-day moving average price is $79.53 and its 200-day moving average price is $73.09. 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 results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts predict that The Bank of New York Mellon Co. will post 6.86 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be given 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 (DPR) is 32.36%.

Analyst Ratings Changes

BK has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Wolfe Research cut shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $79.00 target price on shares of Bank of New York Mellon in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bank of New York Mellon has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Bank of New York Mellon 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.