Vanguard Personalized Indexing Management LLC Has $12.68 Million Stock Holdings in The Bank of New York Mellon Corporation $BK

Vanguard Personalized Indexing Management LLC lowered its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,389 shares of the bank’s stock after selling 6,703 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bank of New York Mellon were worth $12,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Bank of New York Mellon by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 71,092,148 shares of the bank’s stock valued at $6,477,206,000 after acquiring an additional 517,081 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Bank of New York Mellon by 4.3% in the second quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank’s stock worth $1,717,074,000 after buying an additional 785,478 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Bank of New York Mellon by 0.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 15,803,214 shares of the bank’s stock worth $1,439,831,000 after buying an additional 139,544 shares during the period. Norges Bank acquired a new position in Bank of New York Mellon in the 2nd quarter valued at $1,081,847,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Bank of New York Mellon by 36.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock worth $236,013,000 after acquiring an additional 577,621 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.

Bank of New York Mellon Trading Up 1.2%

Shares of Bank of New York Mellon stock opened at $119.08 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.70. The company’s fifty day moving average price is $116.18 and its two-hundred day moving average price is $108.88. The Bank of New York Mellon Corporation has a 52-week low of $70.46 and a 52-week high of $125.89. The firm has a market capitalization of $83.04 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.11.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Friday, October 31st. The bank reported $1.91 EPS for the quarter. The business had revenue of $5.07 billion for the quarter. Bank of New York Mellon had a return on equity of 14.37% and a net margin of 13.62%. On average, analysts expect that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 1.8%. Bank of New York Mellon’s dividend payout ratio is currently 28.61%.

Analysts Set New Price Targets

BK has been the subject of a number of recent analyst reports. New Street Research set a $143.00 price target on shares of Bank of New York Mellon in a report on Wednesday, January 14th. Barclays increased their target price on Bank of New York Mellon from $120.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. BMO Capital Markets initiated coverage on Bank of New York Mellon in a report on Friday, October 3rd. They issued an “outperform” rating and a $125.00 target price on the stock. Citigroup upped their price target on Bank of New York Mellon from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Truist Financial upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and raised their price objective for the stock from $119.00 to $134.00 in a research note on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average target price of $131.92.

Bank of New York Mellon Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.