The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,202,835 shares of the bank's stock after selling 13,311 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.17% of Bank of New York Mellon worth $86,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BK. King Luther Capital Management Corp raised its position in shares of Bank of New York Mellon by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 40,286 shares of the bank's stock worth $2,895,000 after purchasing an additional 459 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Bank of New York Mellon by 4.8% in the third quarter. Moors & Cabot Inc. now owns 35,851 shares of the bank's stock worth $2,576,000 after acquiring an additional 1,657 shares during the last quarter. Retireful LLC purchased a new stake in shares of Bank of New York Mellon in the third quarter valued at $724,000. Ontario Teachers Pension Plan Board boosted its stake in shares of Bank of New York Mellon by 18.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 12,671 shares of the bank's stock valued at $911,000 after acquiring an additional 1,969 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Bank of New York Mellon by 0.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 499,269 shares of the bank's stock worth $35,877,000 after purchasing an additional 1,503 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Insiders Place Their Bets

In other Bank of New York Mellon news, VP Hanneke Smits sold 16,475 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total value of $1,259,843.25. Following the sale, the vice president now directly owns 157,455 shares of the company's stock, valued at $12,040,583.85. This trade represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP J Kevin Mccarthy sold 25,000 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the transaction, the executive vice president now directly owns 75,404 shares of the company's stock, valued at approximately $5,754,079.24. This trade represents a 24.90 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BK has been the subject of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $79.00 price objective on shares of Bank of New York Mellon in a research report on Monday, October 14th. Wells Fargo & Company increased their price target on Bank of New York Mellon from $79.00 to $81.00 and gave the stock an "equal weight" rating in a research note on Friday, November 15th. UBS Group lifted their price objective on Bank of New York Mellon from $73.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Citigroup increased their target price on Bank of New York Mellon from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lifted their price target on Bank of New York Mellon from $69.00 to $77.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.23.

Bank of New York Mellon Trading Up 0.3 %

Shares of BK opened at $77.86 on Thursday. The Bank of New York Mellon Co. has a one year low of $46.71 and a one year high of $80.29. The stock has a 50-day moving average price of $74.60 and a 200 day moving average price of $66.40. 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 company has a market capitalization of $56.61 billion, a P/E ratio of 16.93, a P/E/G ratio of 0.89 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings results on Friday, October 11th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.11. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. Sell-side analysts forecast that The Bank of New York Mellon Co. will post 5.82 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, October 21st. This represents a $1.88 annualized dividend and a yield of 2.41%. Bank of New York Mellon's dividend payout ratio (DPR) is 40.87%.

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.

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