Retireful LLC Purchases Shares of 10,078 The Bank of New York Mellon Co. (NYSE:BK)

Retireful LLC acquired a new position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,078 shares of the bank's stock, valued at approximately $724,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in shares of Bank of New York Mellon by 1.6% in the first quarter. Blair William & Co. IL now owns 21,393 shares of the bank's stock worth $1,233,000 after buying an additional 338 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Bank of New York Mellon by 160,472.7% in the 1st quarter. Acadian Asset Management LLC now owns 52,989 shares of the bank's stock worth $3,051,000 after buying an additional 52,956 shares during the last quarter. Covestor Ltd increased its position in Bank of New York Mellon by 31.5% during the 1st quarter. Covestor Ltd now owns 1,398 shares of the bank's stock valued at $80,000 after purchasing an additional 335 shares during the period. Bessemer Group Inc. lifted its holdings in Bank of New York Mellon by 128.8% in the first quarter. Bessemer Group Inc. now owns 30,755 shares of the bank's stock worth $1,771,000 after buying an additional 17,312 shares during the period. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Bank of New York Mellon in the 1st quarter valued at approximately $261,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI upped their price objective on Bank of New York Mellon from $66.00 to $77.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Morgan Stanley increased 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 research report on Monday, September 30th. JPMorgan Chase & Co. increased their target price 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. Citigroup boosted their price objective on Bank of New York Mellon from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Bank of New York Mellon from $74.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.23.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the transaction, the executive vice president now directly owns 75,404 shares of the company's stock, valued at $5,754,079.24. This represents a 24.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Hanneke Smits sold 16,475 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the completion of the sale, the vice president now owns 157,455 shares in the company, valued at approximately $12,040,583.85. This trade represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Stock Performance

BK traded up $0.25 during trading on Wednesday, hitting $77.86. 3,482,618 shares of the stock were exchanged, compared to its average volume of 3,854,446. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. The Bank of New York Mellon Co. has a 1-year low of $46.71 and a 1-year high of $80.29. The stock has a fifty day moving average price of $74.41 and a two-hundred day moving average price of $66.32. The firm has a market capitalization of $56.61 billion, a P/E ratio of 16.87, a PEG ratio of 0.89 and a beta of 1.07.

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 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.52 billion. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. As a group, sell-side analysts predict that The Bank of New York Mellon Co. will post 5.82 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.41%. Bank of New York Mellon's dividend payout ratio (DPR) is 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.