The Bank of New York Mellon Co. (NYSE:BK) Shares Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lifted its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 1,340.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,400 shares of the bank's stock after acquiring an additional 14,331 shares during the quarter. Point72 Hong Kong Ltd's holdings in Bank of New York Mellon were worth $1,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BK. McClarren Financial Advisors Inc. lifted its holdings in Bank of New York Mellon by 586.4% during the third quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank's stock valued at $29,000 after purchasing an additional 346 shares in the last quarter. Olistico Wealth LLC purchased a new position in Bank of New York Mellon in the 2nd quarter valued at about $30,000. Clearstead Trust LLC acquired a new stake in Bank of New York Mellon in the 2nd quarter worth about $32,000. Fortitude Family Office LLC increased its stake in Bank of New York Mellon by 130.6% during the 3rd quarter. Fortitude Family Office LLC now owns 611 shares of the bank's stock worth $44,000 after buying an additional 346 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Bank of New York Mellon during the third quarter valued at approximately $46,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BK shares. StockNews.com raised Bank of New York Mellon from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Evercore ISI raised their price target on shares of 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, October 14th. Citigroup increased their price objective on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Royal Bank of Canada restated a "sector perform" rating and set a $79.00 target price on shares of Bank of New York Mellon in a report on Monday, October 14th. Finally, UBS Group increased their price target on Bank of New York Mellon from $73.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon has a consensus rating of "Moderate Buy" and an average price target of $78.15.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the business's 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 completion of the transaction, the executive vice president now owns 75,404 shares in the company, valued at $5,754,079.24. The trade was a 24.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Hanneke Smits sold 16,475 shares of Bank of New York Mellon stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the transaction, the vice president now owns 157,455 shares of the company's stock, valued at approximately $12,040,583.85. This trade represents a 9.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Bank of New York Mellon Trading Down 0.5 %

Shares of Bank of New York Mellon stock traded down $0.44 during trading hours on Monday, hitting $81.43. The company's stock had a trading volume of 1,048,385 shares, compared to its average volume of 3,825,097. The stock has a market cap of $59.21 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 0.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 0.70. The Bank of New York Mellon Co. has a twelve month low of $47.48 and a twelve month high of $82.72. The firm has a fifty day moving average of $76.07 and a 200-day moving average of $67.59.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its earnings results on Friday, October 11th. The bank reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. The company had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.52 billion. Research analysts forecast that The Bank of New York Mellon Co. will post 5.84 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed 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 was Monday, October 21st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.31%. Bank of New York Mellon's payout ratio is presently 40.87%.

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.