Edge Advisors LLC decreased its holdings in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,644 shares of the bank’s stock after selling 1,717 shares during the period. Edge Advisors LLC’s holdings in Bank Of New York Mellon Corporation (The) were worth $880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Country Trust Bank raised its holdings in Bank Of New York Mellon Corporation (The) by 4.1% during the third quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock worth $32,132,000 after buying an additional 23,683 shares during the last quarter. Toronto Dominion Bank raised its holdings in Bank Of New York Mellon Corporation (The) by 24.7% during the second quarter. Toronto Dominion Bank now owns 364,150 shares of the bank’s stock worth $18,577,000 after buying an additional 72,058 shares during the last quarter. MUFG Americas Holdings Corp raised its holdings in Bank Of New York Mellon Corporation (The) by 5.3% during the second quarter. MUFG Americas Holdings Corp now owns 263,993 shares of the bank’s stock worth $13,469,000 after buying an additional 13,228 shares during the last quarter. Sei Investments Co. raised its holdings in Bank Of New York Mellon Corporation (The) by 7.4% during the third quarter. Sei Investments Co. now owns 1,020,622 shares of the bank’s stock worth $54,102,000 after buying an additional 70,619 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new position in Bank Of New York Mellon Corporation (The) during the second quarter worth $304,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Several analysts have recently issued reports on BK shares. Zacks Investment Research lowered shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $58.00 target price on shares of Bank Of New York Mellon Corporation (The) in a research note on Thursday, August 31st. UBS AG lowered shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $58.00 target price (up previously from $52.85) on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, October 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $56.00 target price on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.28.

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In other Bank Of New York Mellon Corporation (The) news, Director Edward P. Garden sold 1,031,157 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $53.13, for a total transaction of $54,785,371.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the stock in a transaction dated 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 transaction, the insider now 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. Insiders have sold 6,876,390 shares of company stock valued at $361,148,976 in the last quarter. Company insiders own 3.60% of the company’s stock.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) traded up $0.05 during trading hours on Tuesday, reaching $52.52. 4,558,100 shares of the company’s stock were exchanged, compared to its average volume of 4,574,481. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $54,260.00, a price-to-earnings ratio of 15.12, a PEG ratio of 1.98 and a beta of 1.21. Bank Of New York Mellon Corporation has a 12-month low of $43.85 and a 12-month high of $55.29.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is presently 28.24%.

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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