Shares of Bank Of New York Mellon Corp. (NYSE:BK) traded down 3% on Thursday . The company traded as low as $38.60 and last traded at $38.80, with a volume of 4,300,013 shares trading hands. The stock had previously closed at $40.01.

A number of analysts have weighed in on the stock. Barclays PLC restated a “buy” rating on shares of Bank Of New York Mellon Corp. in a research report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating and issued a $50.00 target price on shares of Bank Of New York Mellon Corp. in a research report on Sunday, June 5th. Zacks Investment Research lowered shares of Bank Of New York Mellon Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Jefferies Group cut their target price on shares of Bank Of New York Mellon Corp. to $39.00 and set a “hold” rating on the stock in a research report on Friday, April 8th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $42.50 target price on shares of Bank Of New York Mellon Corp. in a research report on Thursday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Bank Of New York Mellon Corp. currently has a consensus rating of “Buy” and a consensus price target of $45.91.

The company has a market capitalization of $41.58 billion and a PE ratio of 13.94. The firm’s 50 day moving average is $39.79 and its 200-day moving average is $38.14.

Bank Of New York Mellon Corp. (NYSE:BK) last released its earnings results on Thursday, July 21st. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. Bank Of New York Mellon Corp.’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, analysts predict that Bank Of New York Mellon Corp. will post $3.06 EPS for the current year.

In other Bank Of New York Mellon Corp. news, EVP Mitchell E. Harris sold 19,295 shares of the stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $40.66, for a total transaction of $784,534.70. Following the completion of the sale, the executive vice president now owns 194,690 shares of the company’s stock, valued at approximately $7,916,095.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Trian Fund Management, L.P. purchased 370,000 shares of the company’s stock in a transaction on Monday, June 6th. The shares were purchased at an average cost of $42.39 per share, with a total value of $15,684,300.00. The disclosure for this purchase can be found here.

Other large investors recently bought and sold shares of the company. Twin Capital Management Inc. boosted its stake in Bank Of New York Mellon Corp. by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 49,790 shares of the company’s stock valued at $2,052,000 after buying an additional 270 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Bank Of New York Mellon Corp. by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,409 shares of the company’s stock valued at $2,943,000 after buying an additional 315 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Bank Of New York Mellon Corp. by 0.9% in the fourth quarter. LS Investment Advisors LLC now owns 37,107 shares of the company’s stock valued at $1,530,000 after buying an additional 326 shares in the last quarter. Tredje AP fonden boosted its stake in Bank Of New York Mellon Corp. by 1.1% in the fourth quarter. Tredje AP fonden now owns 73,259 shares of the company’s stock valued at $3,020,000 after buying an additional 763 shares in the last quarter. Finally, GAM Holding AG boosted its stake in Bank Of New York Mellon Corp. by 1.6% in the fourth quarter. GAM Holding AG now owns 140,714 shares of the company’s stock valued at $5,801,000 after buying an additional 2,185 shares in the last quarter.

The Bank of New York Mellon Corporation (BNY Mellon) is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

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