Pitcairn Co. boosted its stake in Bank Of New York Mellon Corp. (NYSE:BK) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,710 shares of the company’s stock after buying an additional 10 shares during the period. Pitcairn Co.’s holdings in Bank Of New York Mellon Corp. were worth $610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Investment Consultants LLC raised its position in shares of Bank Of New York Mellon Corp. by 11.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,912 shares of the company’s stock worth $113,000 after buying an additional 308 shares during the last quarter. Barnett & Company Inc. bought a new position in shares of Bank Of New York Mellon Corp. during the first quarter worth about $124,000. Kistler Tiffany Companies LLC raised its position in shares of Bank Of New York Mellon Corp. by 5.5% in the second quarter. Kistler Tiffany Companies LLC now owns 4,103 shares of the company’s stock worth $159,000 after buying an additional 213 shares during the last quarter. Hall Laurie J Trustee raised its position in shares of Bank Of New York Mellon Corp. by 6.2% in the second quarter. Hall Laurie J Trustee now owns 4,795 shares of the company’s stock worth $185,000 after buying an additional 280 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Bank Of New York Mellon Corp. by 2.8% in the second quarter. North Star Investment Management Corp. now owns 5,207 shares of the company’s stock worth $202,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.

Bank Of New York Mellon Corp. (NYSE:BK) traded down 0.42% during trading on Thursday, reaching $40.35. 4,540,741 shares of the company’s stock traded hands. Bank Of New York Mellon Corp. has a one year low of $32.20 and a one year high of $44.73. The firm’s 50 day moving average price is $40.59 and its 200-day moving average price is $39.56. The stock has a market cap of $43.08 billion, a P/E ratio of 14.47 and a beta of 1.37.

Bank Of New York Mellon Corp. (NYSE:BK) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Bank Of New York Mellon Corp. had a net margin of 20.86% and a return on equity of 9.31%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that Bank Of New York Mellon Corp. will post $3.03 earnings per share for the current fiscal year.

BK has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Bank Of New York Mellon Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $42.50 price objective on shares of Bank Of New York Mellon Corp. in a report on Thursday, June 9th. Deutsche Bank AG upped their price objective on shares of Bank Of New York Mellon Corp. from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, May 27th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Bank Of New York Mellon Corp. in a report on Tuesday, August 30th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Bank Of New York Mellon Corp. in a report on Thursday, August 25th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.88.

In other Bank Of New York Mellon Corp. news, Director Trian Fund Management, L.P. bought 152,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were acquired at an average cost of $38.87 per share, with a total value of $5,908,240.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.

Bank Of New York Mellon Corp. Company Profile

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.

5 Day Chart for NYSE:BK

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