Gamco Investors INC. ET AL Has $116.69 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Gamco Investors INC. ET AL trimmed its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,518,753 shares of the bank's stock after selling 49,445 shares during the period. Bank of New York Mellon accounts for approximately 1.2% of Gamco Investors INC. ET AL's holdings, making the stock its 10th biggest position. Gamco Investors INC. ET AL owned approximately 0.21% of Bank of New York Mellon worth $116,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BK. Czech National Bank grew its position in Bank of New York Mellon by 4.9% in the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock valued at $12,112,000 after buying an additional 7,316 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Bank of New York Mellon by 11.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock worth $60,426,000 after purchasing an additional 82,671 shares in the last quarter. Fifth Third Bancorp boosted its stake in Bank of New York Mellon by 9.2% during the 4th quarter. Fifth Third Bancorp now owns 94,046 shares of the bank's stock valued at $7,226,000 after purchasing an additional 7,935 shares in the last quarter. Natixis Advisors LLC boosted its stake in Bank of New York Mellon by 6.5% during the 4th quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock valued at $21,971,000 after purchasing an additional 17,457 shares in the last quarter. Finally, Western Financial Corp CA bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth $342,000. Institutional investors own 85.31% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BK. Wells Fargo & Company lifted their target price on Bank of New York Mellon from $86.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, March 3rd. Citigroup boosted their target price on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Monday, March 24th. Evercore ISI raised their target price on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 price objective on shares of Bank of New York Mellon in a research report on Monday, March 17th. Finally, Barclays lifted their target price on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon has a consensus rating of "Moderate Buy" and an average target price of $91.31.

Insider Buying and Selling

In related news, insider Kurtis R. Kurimsky sold 5,641 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were 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 approximately $1,680,122.50. This trade represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catherine Keating sold 65,473 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was 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 directly owns 87,542 shares of the company's stock, valued at $6,767,872.02. This represents a 42.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Bank of New York Mellon Stock Up 0.7 %

NYSE BK traded up $0.52 during trading on Friday, reaching $76.25. 4,317,948 shares of the company's stock were exchanged, compared to its average volume of 3,959,637. The firm has a market capitalization of $54.75 billion, a PE ratio of 13.12, a P/E/G ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a fifty-two week low of $56.08 and a fifty-two week high of $90.34. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The company's fifty day simple moving average is $82.72 and its 200-day simple moving average is $80.36.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The bank reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. During the same period in the previous year, the firm posted $1.29 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently declared 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 2.47%. The ex-dividend date is Monday, April 21st. Bank of New York Mellon's dividend payout ratio (DPR) is presently 30.62%.

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.