Capital Fund Management S.A. Has $9.47 Million Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Capital Fund Management S.A. boosted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 358.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,262 shares of the bank's stock after acquiring an additional 96,377 shares during the period. Capital Fund Management S.A.'s holdings in Bank of New York Mellon were worth $9,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Bank of New York Mellon during the fourth quarter worth $1,150,462,000. FMR LLC boosted its stake in Bank of New York Mellon by 19.3% in the 4th quarter. FMR LLC now owns 23,071,584 shares of the bank's stock worth $1,772,590,000 after buying an additional 3,732,862 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Bank of New York Mellon in the 4th quarter valued at about $90,955,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Bank of New York Mellon by 17.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,751,219 shares of the bank's stock valued at $595,526,000 after acquiring an additional 1,125,493 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of Bank of New York Mellon in the fourth quarter worth approximately $29,923,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Insider Buying and Selling at Bank of New York Mellon

In other news, insider Kurtis R. Kurimsky sold 5,641 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $77.50, for a total transaction of $437,177.50. Following the completion of the sale, the insider now directly owns 21,679 shares of the company's stock, valued at $1,680,122.50. This represents a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Catherine Keating sold 65,473 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.31, for a total value of $5,061,717.63. Following the sale, the vice president now owns 87,542 shares in the company, valued at approximately $6,767,872.02. The trade was a 42.79 % decrease in their position. 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 Performance

Shares of NYSE:BK traded up $1.27 during trading on Thursday, hitting $77.00. 1,405,408 shares of the company traded hands, compared to its average volume of 3,950,492. The stock has a market capitalization of $55.28 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a one year low of $54.09 and a one year high of $90.34. 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 business's fifty day moving average is $83.08 and its 200-day moving average is $80.23.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. 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 $4.79 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same period in the previous year, the business posted $1.29 EPS. Bank of New York Mellon's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 21st will be given a $0.47 dividend. The ex-dividend date is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.44%. Bank of New York Mellon's dividend payout ratio is presently 30.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BK shares. Citigroup increased their price target on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Monday, March 24th. Morgan Stanley cut their target price on Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. 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 research report on Thursday, January 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 price objective on shares of Bank of New York Mellon in a report on Monday, March 17th. Finally, UBS Group upped 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 report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.64.

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.