The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC lifted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4,339.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,439 shares of the bank's stock after purchasing an additional 4,339 shares during the quarter. Tradewinds Capital Management LLC's holdings in Bank of New York Mellon were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of Bank of New York Mellon by 95.4% during the 3rd quarter. Blue Trust Inc. now owns 1,673 shares of the bank's stock worth $120,000 after buying an additional 817 shares in the last quarter. Eastern Bank bought a new stake in shares of Bank of New York Mellon during the 3rd quarter valued at $67,000. Private Advisor Group LLC boosted its holdings in Bank of New York Mellon by 4.0% in the 3rd quarter. Private Advisor Group LLC now owns 53,646 shares of the bank's stock valued at $3,855,000 after purchasing an additional 2,062 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Bank of New York Mellon by 1,161.0% during the third quarter. International Assets Investment Management LLC now owns 207,764 shares of the bank's stock worth $149,300,000 after purchasing an additional 191,288 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in Bank of New York Mellon by 45.4% during the third quarter. Brighton Jones LLC now owns 6,297 shares of the bank's stock worth $453,000 after purchasing an additional 1,967 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Stock Performance

NYSE:BK traded down $0.52 during mid-day trading on Wednesday, hitting $86.23. The company's stock had a trading volume of 3,709,239 shares, compared to its average volume of 4,159,996. The business's fifty day moving average is $82.38 and its two-hundred day moving average is $76.80. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The Bank of New York Mellon Co. has a 1 year low of $52.64 and a 1 year high of $89.44.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the company earned $1.28 earnings per share. Bank of New York Mellon's revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts anticipate that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's dividend payout ratio is currently 32.36%.

Analyst Ratings Changes

A number of analysts have recently weighed in on BK shares. Morgan Stanley increased their target price on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Barclays lifted their price objective on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Bank of America increased their price objective on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Citigroup upped their target price on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the stock a "neutral" rating in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

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.