Matthew Goff Investment Advisor LLC boosted its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,713 shares of the bank’s stock after purchasing an additional 4,087 shares during the period. Bank Of New York Mellon Corporation (The) makes up about 2.4% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 13th largest holding. Matthew Goff Investment Advisor LLC’s holdings in Bank Of New York Mellon Corporation (The) were worth $5,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BK. First Interstate Bank lifted its position in shares of Bank Of New York Mellon Corporation (The) by 56.2% during the 2nd quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock valued at $119,000 after acquiring an additional 842 shares during the last quarter. Exane Derivatives acquired a new stake in shares of Bank Of New York Mellon Corporation (The) during the 2nd quarter valued at $130,000. Hudock Capital Group LLC lifted its position in shares of Bank Of New York Mellon Corporation (The) by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock valued at $130,000 after acquiring an additional 7 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Bank Of New York Mellon Corporation (The) by 15.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock valued at $138,000 after acquiring an additional 363 shares during the last quarter. Finally, Burt Wealth Advisors lifted its position in shares of Bank Of New York Mellon Corporation (The) by 2,186.7% during the 2nd quarter. Burt Wealth Advisors now owns 2,744 shares of the bank’s stock valued at $139,000 after acquiring an additional 2,624 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

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Bank Of New York Mellon Corporation (NYSE BK) traded up $0.29 during midday trading on Friday, hitting $52.23. 5,229,700 shares of the company traded hands, compared to its average volume of 4,575,625. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Bank Of New York Mellon Corporation has a twelve month low of $43.85 and a twelve month high of $55.29. The company has a market capitalization of $54,400.00, a PE ratio of 14.97, a PEG ratio of 1.96 and a beta of 1.21.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last released its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon Corporation (The) had a net margin of 23.14% and a return on equity of 10.51%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. sell-side analysts predict that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Tuesday, October 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, October 30th. Bank Of New York Mellon Corporation (The)’s payout ratio is presently 28.24%.

In other Bank Of New York Mellon Corporation (The) news, Chairman Gerald L. Hassell sold 24,280 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $51.69, for a total transaction of $1,255,033.20. Following the completion of the transaction, the chairman now owns 857,899 shares in the company, valued at $44,344,799.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the sale, the insider now directly owns 181,815 shares of the company’s stock, valued at approximately $9,319,836.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,876,390 shares of company stock valued at $361,148,976. 3.60% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, July 21st. Bank of America Corporation set a $52.00 target price on Bank Of New York Mellon Corporation (The) and gave the company a “sell” rating in a report on Friday, July 21st. BidaskClub lowered Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG downgraded shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research note on Friday, September 8th. Finally, Wells Fargo & Company initiated coverage on shares of Bank Of New York Mellon Corporation (The) in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.28.

Bank Of New York Mellon Corporation (The) Company 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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