The Bank of New York Mellon Co. (NYSE:BK) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 642.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,338 shares of the bank's stock after buying an additional 170,772 shares during the period. Segall Bryant & Hamill LLC's holdings in Bank of New York Mellon were worth $15,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BK. Czech National Bank increased its holdings in shares of Bank of New York Mellon by 4.9% during the fourth quarter. Czech National Bank now owns 157,645 shares of the bank's stock valued at $12,112,000 after acquiring an additional 7,316 shares in the last quarter. HighTower Advisors LLC grew its position in Bank of New York Mellon by 130.1% during the 3rd quarter. HighTower Advisors LLC now owns 326,372 shares of the bank's stock worth $23,449,000 after purchasing an additional 184,560 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in Bank of New York Mellon during the 3rd quarter valued at approximately $1,010,000. Fifth Third Bancorp raised its holdings in shares of Bank of New York Mellon by 9.2% in the fourth quarter. Fifth Third Bancorp now owns 94,046 shares of the bank's stock worth $7,226,000 after buying an additional 7,935 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Bank of New York Mellon by 6.5% during the fourth quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock valued at $21,971,000 after buying an additional 17,457 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their target price on Bank of New York Mellon from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Wolfe Research downgraded shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, Bank of America increased their price objective on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank of New York Mellon presently has an average rating of "Moderate Buy" and an average target price of $89.71.

Bank of New York Mellon Price Performance

NYSE:BK traded down $1.81 during trading hours on Friday, reaching $82.67. 2,643,554 shares of the company were exchanged, compared to its average volume of 3,898,259. The stock's 50-day moving average is $85.34 and its 200-day moving average is $79.53. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $90.34. The firm has a market cap of $59.35 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the company posted $1.28 EPS. Bank of New York Mellon's quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.27%. Bank of New York Mellon's payout ratio is currently 32.36%.

About Bank of New York Mellon

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.