QRG Capital Management Inc. Has $21.78 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

QRG Capital Management Inc. boosted its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 139.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,025 shares of the bank's stock after purchasing an additional 176,285 shares during the quarter. QRG Capital Management Inc.'s holdings in Bank of New York Mellon were worth $21,775,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Marshall Wace LLP grew its position in shares of Bank of New York Mellon by 99.4% during the 2nd quarter. Marshall Wace LLP now owns 2,631,213 shares of the bank's stock valued at $157,583,000 after acquiring an additional 1,311,969 shares during the period. Panagora Asset Management Inc. increased its holdings in Bank of New York Mellon by 6,040.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,037,806 shares of the bank's stock valued at $62,154,000 after purchasing an additional 1,020,906 shares during the last quarter. M&G Plc acquired a new position in Bank of New York Mellon during the 1st quarter worth about $55,543,000. Swedbank AB purchased a new position in shares of Bank of New York Mellon in the first quarter valued at approximately $35,514,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Bank of New York Mellon by 89.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,216,146 shares of the bank's stock worth $72,835,000 after acquiring an additional 574,319 shares in the last quarter. Institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Stock Down 0.4 %

Bank of New York Mellon stock traded down $0.31 during mid-day trading on Monday, hitting $75.00. 3,994,167 shares of the company's stock were exchanged, compared to its average volume of 3,862,962. The Bank of New York Mellon Co. has a 1-year low of $44.32 and a 1-year high of $78.03. The stock has a 50 day moving average of $72.17 and a two-hundred day moving average of $64.71. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The stock has a market cap of $55.35 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.88 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The bank reported $1.52 EPS for the quarter, beating the consensus estimate of $1.41 by $0.11. The firm had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.52 billion. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. As a group, analysts anticipate that The Bank of New York Mellon Co. will post 5.78 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.51%. The ex-dividend date was Monday, October 21st. Bank of New York Mellon's dividend payout ratio is 40.87%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company increased their target price on Bank of New York Mellon from $69.00 to $79.00 and gave the company an "equal weight" rating in a report on Monday, October 14th. Citigroup boosted their target price on Bank of New York Mellon from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. UBS Group lifted their price target on Bank of New York Mellon from $73.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Barclays lifted their price target on shares of Bank of New York Mellon from $75.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Finally, Evercore ISI raised their target price on shares of Bank of New York Mellon from $66.00 to $77.00 and gave the company an "in-line" rating in a report on Monday, October 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.