Qtron Investments LLC Reduces Stock Position in The Bank of New York Mellon Co. (NYSE:BK)

Qtron Investments LLC decreased its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 22.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,047 shares of the bank's stock after selling 4,965 shares during the quarter. Qtron Investments LLC's holdings in Bank of New York Mellon were worth $1,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. raised its stake in Bank of New York Mellon by 12.6% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,172 shares of the bank's stock valued at $90,000 after buying an additional 131 shares during the period. Oppenheimer & Co. Inc. raised its stake in Bank of New York Mellon by 0.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 34,536 shares of the bank's stock valued at $2,653,000 after acquiring an additional 133 shares during the period. Grove Bank & Trust boosted its position in Bank of New York Mellon by 21.0% during the fourth quarter. Grove Bank & Trust now owns 779 shares of the bank's stock worth $60,000 after purchasing an additional 135 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Bank of New York Mellon by 1.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 9,041 shares of the bank's stock valued at $695,000 after purchasing an additional 139 shares during the period. Finally, Stratos Investment Management LLC lifted its stake in shares of Bank of New York Mellon by 2.9% during the 4th quarter. Stratos Investment Management LLC now owns 5,109 shares of the bank's stock worth $393,000 after buying an additional 142 shares during the last quarter. Institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Trading Up 2.2 %

NYSE BK traded up $1.65 on Thursday, hitting $77.38. The company's stock had a trading volume of 1,720,750 shares, compared to its average volume of 3,951,651. The firm has a market cap of $55.56 billion, a PE ratio of 13.31, a PEG ratio of 0.97 and a beta of 1.03. The company's 50-day moving average is $83.08 and its 200 day moving average is $80.23. 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 1-year low of $54.09 and a 1-year high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts predict 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 Announces Dividend

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

Wall Street Analyst Weigh In

BK has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $90.00 price objective on shares of Bank of New York Mellon in a report on Monday, March 17th. Truist Financial lowered their price target on shares of Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Wolfe Research cut Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.64.

Insider Buying and Selling

In related news, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $77.50, for a total transaction of $437,177.50. Following the transaction, the insider now owns 21,679 shares of the company's stock, valued at $1,680,122.50. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine Keating sold 65,473 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $77.31, for a total transaction 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 approximately $6,767,872.02. This represents a 42.79 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

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.