The Bank of New York Mellon Co. (NYSE:BK) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 1,058.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,618 shares of the bank's stock after purchasing an additional 10,615 shares during the period. SRS Capital Advisors Inc.'s holdings in Bank of New York Mellon were worth $893,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter valued at about $39,000. Ashton Thomas Securities LLC purchased a new position in Bank of New York Mellon during the third quarter valued at approximately $46,000. Modus Advisors LLC bought a new position in Bank of New York Mellon in the fourth quarter worth approximately $49,000. Friedenthal Financial purchased a new position in Bank of New York Mellon in the fourth quarter valued at about $56,000. Finally, Asset Dedication LLC lifted its position in shares of Bank of New York Mellon by 342.1% during the fourth quarter. Asset Dedication LLC now owns 756 shares of the bank's stock valued at $58,000 after buying an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Stock Performance

Shares of NYSE BK traded down $0.63 during midday trading on Monday, reaching $88.32. 4,374,784 shares of the stock were exchanged, compared to its average volume of 4,214,189. 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 firm has a 50-day simple moving average of $83.02 and a two-hundred day simple moving average of $77.30. 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 $64.22 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.97 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm's revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share. As a group, analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors 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 2.13%. Bank of New York Mellon's payout ratio is 32.36%.

Analysts Set New Price Targets

BK has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on Bank of New York Mellon from $86.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday. Evercore ISI increased their price objective on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the company an "in-line" rating in a research report on Thursday, January 16th. Truist Financial boosted their target price on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Wolfe Research downgraded shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Finally, Citigroup upped their target price on Bank of New York Mellon from $75.00 to $82.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.71.

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.