The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY decreased its holdings in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 489,288 shares of the bank's stock after selling 25,068 shares during the quarter. Bank of New York Mellon comprises approximately 4.1% of Matrix Asset Advisors Inc. NY's portfolio, making the stock its 3rd biggest holding. Matrix Asset Advisors Inc. NY owned about 0.07% of Bank of New York Mellon worth $37,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $220,000. Nilsine Partners LLC increased its position in Bank of New York Mellon by 29.5% during the fourth quarter. Nilsine Partners LLC now owns 12,053 shares of the bank's stock worth $926,000 after purchasing an additional 2,746 shares during the last quarter. Capital Asset Advisory Services LLC boosted its holdings in Bank of New York Mellon by 14.1% in the fourth quarter. Capital Asset Advisory Services LLC now owns 4,159 shares of the bank's stock valued at $320,000 after acquiring an additional 513 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Bank of New York Mellon by 57.6% in the 4th quarter. Blue Trust Inc. now owns 2,637 shares of the bank's stock valued at $189,000 after purchasing an additional 964 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Bank of New York Mellon by 130.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,177 shares of the bank's stock worth $551,000 after buying an additional 4,065 shares during the period. Institutional investors and hedge funds own 85.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Bank of New York Mellon from $82.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Barclays boosted their price target on Bank of New York Mellon from $102.00 to $104.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Evercore ISI upped their price objective on Bank of New York Mellon from $79.00 to $83.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on Bank of New York Mellon from $90.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Bank of New York Mellon has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Bank of New York Mellon Stock Down 0.5 %

NYSE:BK traded down $0.46 during trading hours on Friday, hitting $86.04. 1,440,338 shares of the company's stock traded hands, compared to its average volume of 4,020,155. The firm has a market cap of $62.56 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.98 and a beta of 1.08. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $87.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The stock's fifty day moving average price is $80.17 and its two-hundred day moving average price is $73.77.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping 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 return on equity of 12.68% and a net margin of 11.35%. The business's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. On average, research analysts expect that The Bank of New York Mellon Co. will post 6.86 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

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