First Allied Advisory Services Inc. decreased its holdings in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,754 shares of the bank’s stock after selling 3,410 shares during the period. First Allied Advisory Services Inc.’s holdings in Bank Of New York Mellon were worth $1,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invictus RG bought a new position in shares of Bank Of New York Mellon in the third quarter valued at approximately $102,000. First Interstate Bank raised its stake in shares of Bank Of New York Mellon by 56.2% in the second 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. Hudock Capital Group LLC raised its stake in shares of Bank Of New York Mellon by 0.3% in the second 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 raised its stake in shares of Bank Of New York Mellon by 15.5% in the second 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 raised its position in Bank Of New York Mellon by 2,186.7% in the 2nd quarter. Burt Wealth Advisors now owns 2,744 shares of the bank’s stock worth $139,000 after purchasing an additional 2,624 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Shares of Bank Of New York Mellon Corporation (BK) opened at $54.67 on Monday. 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 fifty-two week low of $43.85 and a fifty-two week high of $55.40. The company has a market cap of $55,983.28, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22.

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

In other Bank Of New York Mellon news, Director Edward P. Garden sold 1,031,157 shares of Bank Of New York Mellon stock in a transaction on Friday, October 20th. The shares were sold at an average price of $53.13, for a total transaction of $54,785,371.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas P. Gibbons sold 38,152 shares of Bank Of New York Mellon stock in a transaction on Friday, December 1st. The stock was sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the sale, the chief financial officer now directly owns 310,002 shares of the company’s stock, valued at approximately $16,786,608.30. The disclosure for this sale can be found here. Insiders have sold a total of 7,708,334 shares of company stock valued at $404,956,863 in the last ninety days. Company insiders own 3.60% of the company’s stock.

BK has been the subject of several research analyst reports. Zacks Investment Research cut shares of Bank Of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada restated a “hold” rating and issued a $58.00 price objective on shares of Bank Of New York Mellon in a research report on Thursday, August 31st. UBS cut shares of Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research report on Friday, September 8th. Goldman Sachs Group restated a “buy” rating and issued a $58.00 price objective (up previously from $52.85) on shares of Bank Of New York Mellon in a research report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $56.00 price objective on shares of Bank Of New York Mellon in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six 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 a consensus price target of $55.28.

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Bank Of New York Mellon 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.

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

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