Investors sold shares of Bank Of New York Mellon Corp. (NYSE:BK) on strength during trading on Friday. $11.50 million flowed into the stock on the tick-up and $27.89 million flowed out of the stock on the tick-down, for a money net flow of $16.39 million out of the stock. Of all stocks tracked, Bank Of New York Mellon Corp. had the 0th highest net out-flow for the day. Bank Of New York Mellon Corp. traded up $0.01 for the day and closed at $40.25

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

The firm has a market cap of $42.97 billion and a P/E ratio of 14.44. The company’s 50-day moving average price is $39.39 and its 200-day moving average price is $38.61.

Bank Of New York Mellon Corp. (NYSE:BK) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $0.73 earnings per share. Equities research analysts anticipate that Bank Of New York Mellon Corp. will post $3.03 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Tuesday, August 2nd were issued 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 of this dividend was Friday, July 29th.

In other news, Director Trian Fund Management, L.P. purchased 152,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was acquired at an average cost of $38.87 per share, with a total value of $5,908,240.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in Bank Of New York Mellon Corp. by 2.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,855,924 shares of the company’s stock worth $117,722,000 after buying an additional 78,998 shares during the period. King Luther Capital Management Corp increased its position 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 during the period. Airain ltd bought a new position in Bank Of New York Mellon Corp. during the fourth quarter worth approximately $2,781,000. KBC Group NV increased its position 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 during the period. Finally, Dimensional Fund Advisors LP increased its position in Bank Of New York Mellon Corp. by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,603,716 shares of the company’s stock worth $272,206,000 after buying an additional 174,940 shares during the period.

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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