Nisa Investment Advisors LLC Buys 12,084 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Nisa Investment Advisors LLC increased its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,580 shares of the bank's stock after acquiring an additional 12,084 shares during the quarter. Nisa Investment Advisors LLC's holdings in Bank of New York Mellon were worth $11,108,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. increased its holdings in shares of Bank of New York Mellon by 1.5% in the second quarter. 1832 Asset Management L.P. now owns 47,837 shares of the bank's stock worth $2,865,000 after acquiring an additional 717 shares in the last quarter. Bank of Montreal Can increased its stake in Bank of New York Mellon by 2.3% during the 2nd quarter. Bank of Montreal Can now owns 720,564 shares of the bank's stock worth $43,162,000 after purchasing an additional 16,104 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Bank of New York Mellon by 59.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 144,496 shares of the bank's stock worth $8,654,000 after buying an additional 53,835 shares during the period. AXA S.A. lifted its stake in Bank of New York Mellon by 66.3% in the second quarter. AXA S.A. now owns 568,220 shares of the bank's stock valued at $34,031,000 after buying an additional 226,476 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Bank of New York Mellon by 30.7% during the second quarter. AQR Capital Management LLC now owns 1,624,167 shares of the bank's stock worth $96,849,000 after acquiring an additional 381,394 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Wall Street Analysts Forecast Growth

BK has been the topic of several research reports. Truist Financial upped their price target on 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. 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 research note on Thursday, September 26th. Morgan Stanley increased their price objective on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Wells Fargo & Company lifted their target price on Bank of New York Mellon from $82.00 to $86.00 and gave the company an "equal weight" 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 research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Bank of New York Mellon Price Performance

Shares of NYSE:BK traded up $1.09 during midday trading on Friday, hitting $85.82. The stock had a trading volume of 4,305,984 shares, compared to its average volume of 4,442,666. 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 company has a market capitalization of $62.39 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. The company's 50-day moving average price is $79.38 and its 200-day moving average price is $72.91. The Bank of New York Mellon Co. has a fifty-two week low of $52.64 and a fifty-two week high of $86.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.18. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. Bank of New York Mellon's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. As a group, equities research analysts predict that The Bank of New York Mellon Co. will post 6.86 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, January 27th. Bank of New York Mellon's dividend payout ratio (DPR) is 32.36%.

Bank of New York Mellon 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.