4,118 Shares in The Bank of New York Mellon Co. (NYSE:BK) Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC acquired a new stake in The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,118 shares of the bank's stock, valued at approximately $316,000.

A number of other large investors also recently added to or reduced their stakes in the business. Graney & King LLC bought a new position in Bank of New York Mellon in the fourth quarter worth about $35,000. Centricity Wealth Management LLC bought a new position in Bank of New York Mellon in the fourth quarter worth $39,000. TCTC Holdings LLC boosted its holdings in shares of Bank of New York Mellon by 257.5% during the 4th quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock valued at $46,000 after buying an additional 430 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Bank of New York Mellon in the 4th quarter worth about $49,000. Finally, Friedenthal Financial bought a new position in shares of Bank of New York Mellon in the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Insider Transactions at Bank of New York Mellon

In other news, insider Kurtis R. Kurimsky sold 5,641 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $77.50, for a total value of $437,177.50. Following the completion of the transaction, the insider now owns 21,679 shares of the company's stock, valued at approximately $1,680,122.50. This represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Catherine Keating sold 65,473 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $77.31, for a total value of $5,061,717.63. Following the completion of the sale, the vice president now owns 87,542 shares of the company's stock, valued at $6,767,872.02. This trade represents a 42.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Bank of America raised their target price on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. StockNews.com downgraded shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Evercore ISI boosted their price objective on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Wolfe Research downgraded Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 target price on shares of Bank of New York Mellon in a report on Monday, March 17th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Bank of New York Mellon presently has an average rating of "Moderate Buy" and a consensus target price of $89.64.

Bank of New York Mellon Trading Up 2.0 %

Shares of NYSE:BK traded up $1.51 during midday trading on Thursday, reaching $77.24. 1,566,857 shares of the company's stock were exchanged, compared to its average volume of 3,951,121. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The stock has a market cap of $55.45 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.97 and a beta of 1.03. The firm's 50 day simple moving average is $83.08 and its two-hundred day simple moving average is $80.23. The Bank of New York Mellon Co. has a fifty-two week low of $54.09 and a fifty-two week high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.76 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. As a group, sell-side analysts forecast that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, April 21st will be issued a $0.47 dividend. The ex-dividend date is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.43%. Bank of New York Mellon's dividend payout ratio (DPR) is 30.62%.

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.