Czech National Bank Purchases 7,316 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Czech National Bank boosted 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 157,645 shares of the bank's stock after acquiring an additional 7,316 shares during the quarter. Czech National Bank's holdings in Bank of New York Mellon were worth $12,112,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its position in shares of Bank of New York Mellon by 586.4% in the third quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank's stock valued at $29,000 after buying an additional 346 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Bank of New York Mellon during the 2nd quarter worth about $32,000. Fortitude Family Office LLC raised its stake in Bank of New York Mellon by 130.6% in the 3rd quarter. Fortitude Family Office LLC now owns 611 shares of the bank's stock valued at $44,000 after purchasing an additional 346 shares during the last quarter. Grove Bank & Trust raised its stake in Bank of New York Mellon by 28.8% in the 3rd quarter. Grove Bank & Trust now owns 644 shares of the bank's stock valued at $46,000 after purchasing an additional 144 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Bank of New York Mellon in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Stock Down 0.2 %

Shares of NYSE BK traded down $0.18 during midday trading on Tuesday, reaching $75.93. 4,688,122 shares of the company's stock were exchanged, compared to its average volume of 3,756,804. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 0.70. The Bank of New York Mellon Co. has a 52-week low of $52.64 and a 52-week high of $82.72. The business's fifty day moving average price is $78.58 and its two-hundred day moving average price is $71.94. The stock has a market capitalization of $55.21 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.91 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, October 11th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. Analysts forecast that The Bank of New York Mellon Co. will post 5.84 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BK. Wells Fargo & Company lifted their price target on shares of Bank of New York Mellon from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, January 2nd. Barclays boosted their price target on Bank of New York Mellon from $86.00 to $102.00 and gave the company an "overweight" rating in a report on Monday, January 6th. UBS Group raised their price objective on Bank of New York Mellon from $73.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Morgan Stanley reduced their target price on Bank of New York Mellon from $94.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average target price of $82.64.

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.