Oppenheimer & Co. Inc. Has $2.47 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Oppenheimer & Co. Inc. grew its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,403 shares of the bank's stock after acquiring an additional 8,435 shares during the period. Oppenheimer & Co. Inc.'s holdings in Bank of New York Mellon were worth $2,472,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its stake in Bank of New York Mellon by 586.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank's stock valued at $29,000 after buying an additional 346 shares during the period. Olistico Wealth LLC acquired a new stake in Bank of New York Mellon during the second quarter worth about $30,000. Clearstead Trust LLC bought a new stake in Bank of New York Mellon in the 2nd quarter valued at $32,000. Family Firm Inc. bought a new position in shares of Bank of New York Mellon during the 2nd quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of Bank of New York Mellon by 130.6% during the third quarter. Fortitude Family Office LLC now owns 611 shares of the bank's stock valued at $44,000 after acquiring an additional 346 shares during the period. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Hanneke Smits sold 16,475 shares of the 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 transaction, the vice president now owns 157,455 shares in the company, valued at approximately $12,040,583.85. This represents a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP J Kevin Mccarthy sold 25,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the completion of the sale, the executive vice president now owns 75,404 shares of the company's stock, valued at approximately $5,754,079.24. The trade was a 24.90 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Bank of New York Mellon Trading Up 0.9 %

NYSE BK traded up $0.72 on Friday, reaching $78.29. 4,211,855 shares of the company were exchanged, compared to its average volume of 3,678,412. 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 capitalization of $56.92 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.07. The business's fifty day moving average price is $73.99 and its 200 day moving average price is $65.95. The Bank of New York Mellon Co. has a fifty-two week low of $46.04 and a fifty-two week high of $80.29.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The bank reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. Analysts forecast that The Bank of New York Mellon Co. will post 5.82 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.40%. Bank of New York Mellon's dividend payout ratio (DPR) is presently 40.87%.

Analyst Upgrades and Downgrades

BK has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on shares of Bank of New York Mellon from $79.00 to $81.00 and gave the company an "equal weight" rating in a research note on Friday. Morgan Stanley upped their price target on shares of Bank of New York Mellon from $72.00 to $78.00 and gave the stock an "equal weight" rating in a report on Monday, September 30th. Barclays raised their price objective on Bank of New York Mellon from $75.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "buy" rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.23.

Bank of New York Mellon Company 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.