13,412 Shares in The Bank of New York Mellon Co. (NYSE:BK) Purchased by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. purchased a new position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,412 shares of the bank's stock, valued at approximately $966,000.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Bank of New York Mellon during the fourth quarter worth about $247,000. HighPoint Advisor Group LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter worth $360,000. Los Angeles Capital Management LLC grew its holdings in shares of Bank of New York Mellon by 190.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 35,222 shares of the bank's stock valued at $2,029,000 after purchasing an additional 23,080 shares during the last quarter. GAMMA Investing LLC increased its position in Bank of New York Mellon by 20.1% during the 1st quarter. GAMMA Investing LLC now owns 5,247 shares of the bank's stock valued at $302,000 after purchasing an additional 877 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of Bank of New York Mellon by 53.4% in the 1st quarter. Park Avenue Securities LLC now owns 16,697 shares of the bank's stock valued at $962,000 after buying an additional 5,814 shares during the period. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Stock Down 1.4 %

Bank of New York Mellon stock traded down $1.08 during mid-day trading on Friday, hitting $76.67. The company had a trading volume of 4,824,500 shares, compared to its average volume of 3,891,118. The Bank of New York Mellon Co. has a 12 month low of $41.15 and a 12 month high of $78.03. The company has a market capitalization of $57.34 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The stock's 50 day moving average price is $69.55 and its two-hundred day moving average price is $62.93. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.85.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, October 21st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Monday, October 21st. Bank of New York Mellon's dividend payout ratio (DPR) is 43.52%.

Insiders Place Their Bets

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the transaction, the executive vice president now owns 75,404 shares of the company's stock, valued at approximately $5,754,079.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Hanneke Smits sold 16,475 shares of Bank of New York Mellon stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the transaction, the vice president now directly owns 157,455 shares in the company, valued at approximately $12,040,583.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J Kevin Mccarthy sold 25,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total value of $1,907,750.00. Following the sale, the executive vice president now directly owns 75,404 shares of the company's stock, valued at $5,754,079.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BK. Barclays upped their target price on shares of Bank of New York Mellon from $75.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday. Evercore ISI raised their target price on Bank of New York Mellon from $66.00 to $77.00 and gave the stock an "in-line" rating in a research note on Monday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $79.00 price objective on shares of Bank of New York Mellon in a report on Monday. The Goldman Sachs Group boosted their target price on Bank of New York Mellon from $74.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, StockNews.com raised Bank of New York Mellon from a "hold" rating to a "buy" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $76.69.

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.