Schroder Investment Management Group Trims Position in The Bank of New York Mellon Co. (NYSE:BK)

Schroder Investment Management Group lessened its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 920,117 shares of the bank's stock after selling 258,023 shares during the period. Schroder Investment Management Group owned about 0.13% of Bank of New York Mellon worth $70,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Graney & King LLC bought a new position in Bank of New York Mellon in the fourth quarter valued at $35,000. Centricity Wealth Management LLC bought a new position in Bank of New York Mellon in the fourth quarter valued at approximately $39,000. TCTC Holdings LLC boosted its holdings in shares of 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 buying an additional 430 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at $49,000. Finally, Friedenthal Financial acquired a new position in Bank of New York Mellon during the fourth quarter worth $56,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BK. Evercore ISI lifted their price objective on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 target price on shares of Bank of New York Mellon in a research note on Monday, March 17th. StockNews.com cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley reduced their price objective on shares of Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.07.

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Bank of New York Mellon Stock Down 5.1 %

NYSE:BK traded down $4.33 during trading hours on Thursday, reaching $79.89. The company had a trading volume of 5,261,860 shares, compared to its average volume of 3,908,483. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month 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 firm has a market cap of $57.36 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.97 and a beta of 1.03. The business's 50-day simple moving average is $85.33 and its two-hundred day simple moving average is $79.94.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.66 billion. During the same period last year, the business earned $1.28 EPS. Bank of New York Mellon's quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's payout ratio is currently 32.36%.

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.