The Bank of New York Mellon Corporation $BK Position Increased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its holdings in The Bank of New York Mellon Corporation (NYSE:BK) by 214.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,020 shares of the bank’s stock after buying an additional 8,195 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Bank of New York Mellon were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valeo Financial Advisors LLC grew its holdings in shares of Bank of New York Mellon by 1.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 7,539 shares of the bank’s stock worth $821,000 after acquiring an additional 94 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of Bank of New York Mellon by 0.4% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 24,752 shares of the bank’s stock valued at $2,697,000 after purchasing an additional 96 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. increased its stake in Bank of New York Mellon by 1.9% in the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,192 shares of the bank’s stock worth $566,000 after purchasing an additional 98 shares in the last quarter. Tiemann Investment Advisors LLC increased its stake in Bank of New York Mellon by 2.9% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 3,492 shares of the bank’s stock worth $318,000 after purchasing an additional 100 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Bank of New York Mellon by 13.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 828 shares of the bank’s stock worth $75,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 2.0%

Bank of New York Mellon stock opened at $121.33 on Friday. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $125.89. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The stock has a market cap of $84.61 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.11 and a beta of 1.11. The company’s fifty day simple moving average is $116.93 and its 200-day simple moving average is $109.21.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings data on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. Bank of New York Mellon had a return on equity of 14.37% and a net margin of 13.62%.The firm had revenue of $5.07 billion during the quarter. As a group, sell-side analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Friday, January 23rd will be issued a $0.53 dividend. The ex-dividend date is Friday, January 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 1.7%. Bank of New York Mellon’s dividend payout ratio is currently 28.61%.

Analyst Upgrades and Downgrades

BK has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Bank of New York Mellon from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group raised their price objective on shares of Bank of New York Mellon from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Royal Bank Of Canada boosted their target price on shares of Bank of New York Mellon from $124.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Morgan Stanley raised their target price on Bank of New York Mellon from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods upped their price target on Bank of New York Mellon from $132.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.92.

Bank of New York Mellon Company 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.