Bank Of New York Mellon Corp. (NYSE:BK) gapped up prior to trading on Monday . The stock had previously closed at $39.59, but opened at $39.73. Bank Of New York Mellon Corp. shares last traded at $40.15, with a volume of 953,176 shares.

A number of equities research analysts have commented on the stock. Barclays PLC restated a “buy” rating on shares of Bank Of New York Mellon Corp. in a report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating on shares of Bank Of New York Mellon Corp. in a report on Sunday, July 10th. Credit Suisse Group AG set a $42.00 price target on shares of Bank Of New York Mellon Corp. and gave the stock a “hold” rating in a report on Tuesday, August 9th. TheStreet upgraded shares of Bank Of New York Mellon Corp. from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Finally, Argus restated a “hold” rating on shares of Bank Of New York Mellon Corp. in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Bank Of New York Mellon Corp. has a consensus rating of “Buy” and an average price target of $44.80.

The company has a market cap of $42.88 billion and a price-to-earnings ratio of 14.40. The company has a 50 day moving average of $39.08 and a 200 day moving average of $38.52.

Bank Of New York Mellon Corp. (NYSE:BK) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Bank Of New York Mellon Corp. will post $3.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Tuesday, August 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, July 29th.

In other Bank Of New York Mellon Corp. news, Director Trian Fund Management, L.P. bought 152,000 shares of Bank Of New York Mellon Corp. stock in a transaction dated Friday, July 22nd. The shares were purchased at an average cost of $38.87 per share, with a total value of $5,908,240.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gerald L. Hassell sold 24,598 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $40.76, for a total transaction of $1,002,614.48. Following the completion of the sale, the chief executive officer now directly owns 1,013,795 shares in the company, valued at $41,322,284.20. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in the company. King Luther Capital Management Corp increased its stake in Bank Of New York Mellon Corp. by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 54,469 shares of the company’s stock worth $2,245,000 after buying an additional 175 shares in the last quarter. Calvert Investment Management Inc. increased its stake in Bank Of New York Mellon Corp. by 14.0% in the fourth quarter. Calvert Investment Management Inc. now owns 260,891 shares of the company’s stock worth $10,754,000 after buying an additional 31,954 shares in the last quarter. Ancora Advisors LLC increased its stake in Bank Of New York Mellon Corp. by 3.3% in the fourth quarter. Ancora Advisors LLC now owns 37,566 shares of the company’s stock worth $1,524,000 after buying an additional 1,200 shares in the last quarter. Airain ltd acquired a new stake in Bank Of New York Mellon Corp. during the fourth quarter worth $2,781,000. Finally, KBC Group NV increased its stake in Bank Of New York Mellon Corp. by 1.1% in the fourth quarter. KBC Group NV now owns 377,928 shares of the company’s stock worth $15,577,000 after buying an additional 4,099 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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