The Bank of New York Mellon Co. (NYSE:BK) Stake Lowered by Tweedy Browne Co LLC

Tweedy Browne Co LLC lowered its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 156,883 shares of the bank's stock after selling 106,787 shares during the quarter. Bank of New York Mellon makes up approximately 0.8% of Tweedy Browne Co LLC's holdings, making the stock its 20th biggest holding. Tweedy Browne Co LLC's holdings in Bank of New York Mellon were worth $12,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Bank of New York Mellon by 4.9% in the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock valued at $12,112,000 after purchasing an additional 7,316 shares during the last quarter. HighTower Advisors LLC grew its position in Bank of New York Mellon by 130.1% during the third quarter. HighTower Advisors LLC now owns 326,372 shares of the bank's stock valued at $23,449,000 after acquiring an additional 184,560 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Bank of New York Mellon by 11.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock worth $60,426,000 after acquiring an additional 82,671 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Bank of New York Mellon by 9.2% in the 4th quarter. Fifth Third Bancorp now owns 94,046 shares of the bank's stock worth $7,226,000 after purchasing an additional 7,935 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Bank of New York Mellon by 6.5% in the 4th quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock valued at $21,971,000 after purchasing an additional 17,457 shares in the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

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Bank of New York Mellon Stock Down 5.1 %

Shares of NYSE:BK traded down $4.33 during midday trading on Thursday, reaching $79.89. The company had a trading volume of 5,261,860 shares, compared to its average volume of 3,908,484. The Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $90.34. 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 stock has a market capitalization of $57.36 billion, a P/E ratio of 13.75, a PEG ratio of 0.97 and a beta of 1.03. The stock's fifty day moving average price is $85.33 and its 200-day moving average price is $79.94.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. The company's revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share 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. Shareholders of record on Monday, January 27th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon's dividend payout ratio is presently 32.36%.

Analysts Set New Price Targets

A number of analysts recently issued reports on BK shares. Bank of America increased their target price on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Barclays raised their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Evercore ISI upped their price target on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a research report on Tuesday. Citigroup raised their price objective on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, March 24th. Finally, Morgan Stanley decreased their target price on 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 analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $90.07.

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.