Parsons Capital Management Inc. RI lowered its stake in shares of Bank Of New York Mellon Corp. (NYSE:BK) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 50,743 shares of the company’s stock after selling 856 shares during the period. Parsons Capital Management Inc. RI’s holdings in Bank Of New York Mellon Corp. were worth $2,024,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in BK. Ameritas Investment Partners Inc. increased its stake in shares of Bank Of New York Mellon Corp. by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 84,593 shares of the company’s stock valued at $3,286,000 after buying an additional 823 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Bank Of New York Mellon Corp. by 14.0% in the third quarter. BNP Paribas Arbitrage SA now owns 271,988 shares of the company’s stock valued at $10,847,000 after buying an additional 33,472 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its stake in shares of Bank Of New York Mellon Corp. by 2.5% in the third quarter. Murphy Pohlad Asset Management LLC now owns 105,396 shares of the company’s stock valued at $4,203,000 after buying an additional 2,525 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Bank Of New York Mellon Corp. by 12.2% in the second quarter. Brown Advisory Inc. now owns 315,860 shares of the company’s stock valued at $12,271,000 after buying an additional 34,307 shares during the last quarter. Finally, British Airways Pensions Investment Management Ltd increased its stake in shares of Bank Of New York Mellon Corp. by 18.8% in the second quarter. British Airways Pensions Investment Management Ltd now owns 944,460 shares of the company’s stock valued at $36,838,000 after buying an additional 149,590 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Institutional Ownership by Quarter for Bank Of New York Mellon Corp. (NYSE:BK)

Shares of Bank Of New York Mellon Corp. (NYSE:BK) traded up 0.79% during mid-day trading on Wednesday, reaching $47.42. The company had a trading volume of 8,375,257 shares. Bank Of New York Mellon Corp. has a 52-week low of $32.20 and a 52-week high of $47.96. The firm’s 50-day moving average price is $44.34 and its 200 day moving average price is $41.24. The company has a market cap of $50.14 billion, a price-to-earnings ratio of 16.05 and a beta of 1.30.

Bank Of New York Mellon Corp. (NYSE:BK) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Bank Of New York Mellon Corp. had a return on equity of 9.66% and a net margin of 21.65%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts expect that Bank Of New York Mellon Corp. will post $3.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Tuesday, November 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, October 28th. Bank Of New York Mellon Corp.’s dividend payout ratio is 25.68%.

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Several equities research analysts have recently issued reports on BK shares. Barclays PLC restated a “buy” rating and issued a $48.00 price objective on shares of Bank Of New York Mellon Corp. in a research note on Tuesday, October 11th. Credit Suisse Group AG assumed coverage on Bank Of New York Mellon Corp. in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $46.00 target price for the company. Zacks Investment Research raised Bank Of New York Mellon Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, October 14th. Buckingham Research cut Bank Of New York Mellon Corp. from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Monday, November 21st. Finally, raised their target price on Bank Of New York Mellon Corp. from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. Six research analysts have rated the stock with a hold rating, eight have issued 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 target price of $46.43.

In other news, CEO Gerald L. Hassell sold 191,042 shares of the company’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $43.22, for a total transaction of $8,256,835.24. Following the completion of the sale, the chief executive officer now directly owns 1,003,176 shares in the company, valued at approximately $43,357,266.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mitchell E. Harris sold 28,779 shares of the company’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $43.55, for a total value of $1,253,325.45. Following the sale, the insider now owns 166,196 shares of the company’s stock, valued at $7,237,835.80. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

About Bank Of New York Mellon Corp.

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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