Banco Bilbao Vizcaya Argentaria S.A. Trims Position in The Bank of New York Mellon Co. (NYSE:BK)

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,576 shares of the bank's stock after selling 3,796 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Bank of New York Mellon were worth $16,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BK. Transce3nd LLC bought a new position in shares of Bank of New York Mellon in the 4th quarter valued at about $33,000. Graney & King LLC bought a new stake in shares of Bank of New York Mellon in the fourth quarter worth about $35,000. Centricity Wealth Management LLC acquired a new stake in Bank of New York Mellon during the 4th quarter worth approximately $39,000. TCTC Holdings LLC lifted its position in Bank of New York Mellon by 257.5% in the 4th quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock valued at $46,000 after acquiring an additional 430 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Insider Buying and Selling

In other news, VP Catherine Keating sold 65,473 shares of the firm'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 value of $5,061,717.63. Following the completion of the transaction, the vice president now owns 87,542 shares in the company, valued at $6,767,872.02. This trade represents a 42.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the business's stock in a transaction 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 sale, the insider now owns 21,679 shares in the company, valued at approximately $1,680,122.50. This trade represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Bank of New York Mellon Price Performance

NYSE BK traded up $0.29 during trading hours on Monday, hitting $78.94. The company had a trading volume of 2,995,319 shares, compared to its average volume of 3,968,784. 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 firm has a market capitalization of $56.68 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a 52 week low of $56.08 and a 52 week high of $90.34. The firm has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $80.56.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The bank reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 EPS. Equities research analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, April 21st will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.38%. Bank of New York Mellon's dividend payout ratio is currently 30.62%.

Wall Street Analysts Forecast Growth

BK has been the subject of several recent research reports. Barclays increased 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. Truist Financial decreased their target price on Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group lifted their price objective on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their target price on 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. Finally, Citigroup boosted their price target on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.31.

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.