World Investment Advisors LLC Invests $2.62 Million in The Bank of New York Mellon Co. (NYSE:BK)

World Investment Advisors LLC purchased a new stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 36,425 shares of the bank's stock, valued at approximately $2,617,000.

Other large investors have also made changes to their positions in the company. SkyView Investment Advisors LLC increased its position in Bank of New York Mellon by 3.6% during the third quarter. SkyView Investment Advisors LLC now owns 9,814 shares of the bank's stock worth $705,000 after buying an additional 345 shares during the last quarter. McIlrath & Eck LLC boosted its stake in shares of Bank of New York Mellon by 3.8% during the 3rd quarter. McIlrath & Eck LLC now owns 6,860 shares of the bank's stock worth $493,000 after acquiring an additional 254 shares in the last quarter. TCW Group Inc. increased its holdings in shares of Bank of New York Mellon by 9.0% during the 3rd quarter. TCW Group Inc. now owns 1,012,870 shares of the bank's stock valued at $72,785,000 after acquiring an additional 83,207 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Bank of New York Mellon by 14.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 13,486 shares of the bank's stock valued at $982,000 after acquiring an additional 1,691 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Bank of New York Mellon by 293.1% in the 3rd quarter. M&T Bank Corp now owns 399,130 shares of the bank's stock valued at $28,681,000 after acquiring an additional 297,603 shares in the last quarter. Institutional investors 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 business's 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 transaction, the vice president now owns 157,455 shares of the company's stock, valued at approximately $12,040,583.85. The trade was a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J Kevin Mccarthy sold 25,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the sale, the executive vice president now owns 75,404 shares in the company, valued at $5,754,079.24. The trade was a 24.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "buy" rating in a report on Monday, November 11th. Morgan Stanley upgraded shares of Bank of New York Mellon from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $82.00 to $94.00 in a report on Monday, December 9th. Citigroup upped their price target on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Wells Fargo & Company lifted their price objective 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. Finally, UBS Group boosted their price objective on Bank of New York Mellon from $73.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Bank of New York Mellon currently has a consensus rating of "Moderate Buy" and an average target price of $81.00.

Bank of New York Mellon Stock Performance

Shares of NYSE BK traded down $0.74 during trading hours on Friday, reaching $78.83. The stock had a trading volume of 2,982,509 shares, compared to its average volume of 3,828,686. The Bank of New York Mellon Co. has a twelve month low of $50.87 and a twelve month high of $82.72. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.70. The business's fifty day moving average is $77.82 and its two-hundred day moving average is $68.96. The company has a market cap of $57.32 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.91 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. The company had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.52 billion. As a group, research analysts expect that The Bank of New York Mellon Co. will post 5.84 EPS for the current year.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, October 21st. Bank of New York Mellon's dividend payout ratio (DPR) is 40.87%.

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.