Barbara Oil Co. continued to hold its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,000 shares of the bank’s stock at the end of the 2nd quarter. Bank Of New York Mellon Corporation (The) comprises 2.9% of Barbara Oil Co.’s portfolio, making the stock its 8th biggest holding. Barbara Oil Co.’s holdings in Bank Of New York Mellon Corporation (The) were worth $4,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BK. Heartland Advisors Inc. lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 4.8% during the 1st quarter. Heartland Advisors Inc. now owns 237,302 shares of the bank’s stock worth $11,208,000 after purchasing an additional 10,792 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 41.5% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 40,457 shares of the bank’s stock worth $1,911,000 after purchasing an additional 11,861 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 10.2% during the 1st quarter. Eqis Capital Management Inc. now owns 36,201 shares of the bank’s stock worth $1,710,000 after purchasing an additional 3,341 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 2.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,350,774 shares of the bank’s stock worth $158,257,000 after purchasing an additional 73,432 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Bank Of New York Mellon Corporation (The) by 136.4% during the 1st quarter. LSV Asset Management now owns 319,445 shares of the bank’s stock worth $15,087,000 after purchasing an additional 184,300 shares during the period. Institutional investors and hedge funds own 81.80% of the company’s stock.

Bank Of New York Mellon Corporation (NYSE BK) opened at 51.14 on Friday. The stock has a market capitalization of $52.84 billion, a PE ratio of 15.17 and a beta of 1.14. Bank Of New York Mellon Corporation has a 52-week low of $38.68 and a 52-week high of $54.59. The firm’s 50-day moving average is $52.46 and its 200 day moving average is $49.50.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its earnings results on Thursday, July 20th. The bank reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Bank Of New York Mellon Corporation (The) had a net margin of 23.35% and a return on equity of 10.35%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Bank Of New York Mellon Corporation will post $3.53 earnings per share for the current year.

Bank Of New York Mellon Corporation (The) announced that its board has initiated a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $3.10 billion in shares. This buyback authorization authorizes the bank to reacquire up to 5.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other Bank Of New York Mellon Corporation (The) news, Chairman Gerald L. Hassell sold 1,788 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $53.04, for a total value of $94,835.52. Following the completion of the sale, the chairman now owns 872,606 shares in the company, valued at $46,283,022.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Brian T. Shea sold 44,250 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $52.90, for a total transaction of $2,340,825.00. Following the completion of the sale, the insider now owns 204,043 shares of the company’s stock, valued at approximately $10,793,874.70. The disclosure for this sale can be found here. Insiders have sold 10,931,137 shares of company stock valued at $581,058,723 in the last three months. 3.60% of the stock is owned by insiders.

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Several research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $58.00 target price on shares of Bank Of New York Mellon Corporation (The) in a research report on Thursday, August 31st. UBS AG lowered Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Friday, September 8th. Bank of America Corporation reiterated an “underperform” rating and issued a $49.00 price target on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, May 26th. BidaskClub downgraded Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Deutsche Bank AG increased their price target on Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.59.

Bank Of New York Mellon Corporation (The) Profile

The Bank of New York Mellon Corporation 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 the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

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

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