O Shaughnessy Asset Management LLC Increases Holdings in The Bank of New York Mellon Co. (NYSE:BK)

O Shaughnessy Asset Management LLC increased its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 786,496 shares of the bank's stock after acquiring an additional 82,671 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.11% of Bank of New York Mellon worth $60,426,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. State Street Corp increased its stake in Bank of New York Mellon by 2.0% during the 3rd quarter. State Street Corp now owns 33,313,594 shares of the bank's stock valued at $2,393,915,000 after purchasing an additional 659,096 shares in the last quarter. Norges Bank acquired a new position in Bank of New York Mellon during the 4th quarter valued at about $1,150,462,000. Arrowstreet Capital Limited Partnership increased its holdings in Bank of New York Mellon by 17.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,751,219 shares of the bank's stock worth $595,526,000 after purchasing an additional 1,125,493 shares in the last quarter. Amundi lifted its holdings in shares of Bank of New York Mellon by 5.1% in the fourth quarter. Amundi now owns 7,363,015 shares of the bank's stock valued at $573,947,000 after purchasing an additional 359,942 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Bank of New York Mellon by 2,707.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,258,967 shares of the bank's stock valued at $234,189,000 after buying an additional 3,142,869 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

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Bank of New York Mellon Price Performance

Shares of NYSE BK traded down $2.87 during mid-day trading on Thursday, reaching $81.35. 2,094,723 shares of the company were exchanged, compared to its average volume of 3,896,215. The stock has a market capitalization of $58.41 billion, a PE ratio of 14.00, a PEG ratio of 0.97 and a beta of 1.03. The company's 50 day moving average price is $85.33 and its 200 day moving average price is $79.94. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Co. has a 52 week low of $52.64 and a 52 week high of $90.34.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.18. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates 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 business's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS. Sell-side analysts forecast 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 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. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.31%. Bank of New York Mellon's dividend payout ratio (DPR) is currently 32.36%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BK. Bank of America raised their price target on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Truist Financial upped their target price on Bank of New York Mellon from $91.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Barclays lifted their price target on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. UBS Group upped their price objective on Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Wolfe Research downgraded shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.07.

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.