Calamos Wealth Management LLC boosted its stake in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 6.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,731 shares of the company’s stock after buying an additional 2,600 shares during the period. Calamos Wealth Management LLC’s holdings in Bank Of New York Mellon Corporation (The) were worth $1,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BK. UBS Asset Management Americas Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 2.7% in the third quarter. UBS Asset Management Americas Inc. now owns 2,777,565 shares of the company’s stock valued at $110,769,000 after buying an additional 73,365 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Bank Of New York Mellon Corporation (The) by 4.0% in the second quarter. Neuberger Berman Group LLC now owns 1,369,518 shares of the company’s stock valued at $53,206,000 after buying an additional 52,722 shares in the last quarter. BRC Investment Management LLC purchased a new position in Bank Of New York Mellon Corporation (The) during the second quarter valued at $8,972,000. 10 15 Associates Inc. boosted its position in Bank Of New York Mellon Corporation (The) by 29.1% in the second quarter. 10 15 Associates Inc. now owns 57,247 shares of the company’s stock valued at $2,224,000 after buying an additional 12,902 shares in the last quarter. Finally, World Asset Management Inc boosted its position in Bank Of New York Mellon Corporation (The) by 1.3% in the second quarter. World Asset Management Inc now owns 106,849 shares of the company’s stock valued at $4,151,000 after buying an additional 1,397 shares in the last quarter. 82.83% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at 47.07 on Friday. Bank Of New York Mellon Corporation has a 52-week low of $33.82 and a 52-week high of $49.54. The stock has a 50 day moving average price of $46.21 and a 200-day moving average price of $43.84. The firm has a market capitalization of $49.31 billion, a PE ratio of 14.94 and a beta of 1.32.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last posted its quarterly earnings data on Thursday, January 19th. The company reported $0.77 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Bank Of New York Mellon Corporation (The) had a return on equity of 9.74% and a net margin of 22.64%. The firm earned $3.79 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the company posted $0.68 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Bank Of New York Mellon Corporation will post $3.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Tuesday, January 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, January 27th. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is presently 24.05%.

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Several research analysts have recently weighed in on the company. J P Morgan Chase & Co cut Bank Of New York Mellon Corporation (The) from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $47.50 to $49.00 in a research report on Friday, January 6th. Raymond James Financial, Inc. raised Bank Of New York Mellon Corporation (The) from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $50.00 to $57.00 in a research report on Wednesday, December 28th. Citigroup Inc. raised Bank Of New York Mellon Corporation (The) from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $50.00 to $57.00 in a research report on Wednesday, December 28th. They noted that the move was a valuation call. Buckingham Research cut Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Monday, November 21st. Finally, Credit Suisse Group assumed coverage on Bank Of New York Mellon Corporation (The) in a research report on Tuesday, November 22nd. They set a “neutral” rating and a $46.00 price objective for the company. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Bank Of New York Mellon Corporation (The) presently has an average rating of “Buy” and a consensus price target of $49.00.

In other news, Vice Chairman Brian T. Shea sold 199,676 shares of Bank Of New York Mellon Corporation (The) stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $45.07, for a total value of $8,999,397.32. Following the completion of the transaction, the insider now directly owns 348,486 shares of the company’s stock, valued at approximately $15,706,264.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

About Bank Of New York Mellon Corporation (The)

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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