XTX Topco Ltd Has $1.17 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

XTX Topco Ltd reduced its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,271 shares of the bank's stock after selling 9,156 shares during the period. XTX Topco Ltd's holdings in Bank of New York Mellon were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BK. Sequoia Financial Advisors LLC lifted its stake in shares of Bank of New York Mellon by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,699 shares of the bank's stock valued at $1,060,000 after purchasing an additional 646 shares during the last quarter. Wedmont Private Capital lifted its position in Bank of New York Mellon by 13.9% during the 2nd quarter. Wedmont Private Capital now owns 5,231 shares of the bank's stock worth $338,000 after acquiring an additional 640 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Bank of New York Mellon by 18.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 64,127 shares of the bank's stock worth $3,841,000 after acquiring an additional 10,114 shares during the last quarter. PGGM Investments lifted its position in Bank of New York Mellon by 5.0% during the 2nd quarter. PGGM Investments now owns 190,368 shares of the bank's stock worth $11,401,000 after acquiring an additional 9,119 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Bank of New York Mellon during the 2nd quarter worth $219,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Wall Street Analyst Weigh In

BK has been the subject of several recent research reports. Barclays increased their price target on shares of Bank of New York Mellon from $75.00 to $86.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods increased their target price on Bank of New York Mellon from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Citigroup upped their price target on Bank of New York Mellon from $75.00 to $82.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. 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 report on Tuesday, October 8th. Finally, Evercore ISI upped their target price on shares of Bank of New York Mellon from $66.00 to $77.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, 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 Up 0.0 %

BK stock traded up $0.01 during mid-day trading on Tuesday, reaching $80.62. The company had a trading volume of 3,600,743 shares, compared to its average volume of 3,825,398. The company has a market capitalization of $58.62 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.92 and a beta of 1.07. The stock has a 50 day simple moving average of $77.14 and a two-hundred day simple moving average of $68.52. The Bank of New York Mellon Co. has a 52 week low of $49.15 and a 52 week 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.

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 for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. The business had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.52 billion. As a group, equities analysts predict that The Bank of New York Mellon Co. will post 5.84 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Monday, October 21st. Bank of New York Mellon's dividend payout ratio is currently 40.87%.

Insider Activity at Bank of New York Mellon

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

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.