Capitolis Liquid Global Markets LLC Grows Stock Holdings in The Bank of New York Mellon Corporation $BK

Capitolis Liquid Global Markets LLC increased its position in The Bank of New York Mellon Corporation (NYSE:BK) by 957.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 150,200 shares of the bank’s stock after buying an additional 136,000 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Bank of New York Mellon were worth $16,366,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BK. Valley Wealth Managers Inc. purchased a new position in shares of Bank of New York Mellon in the third quarter valued at about $33,000. Caldwell Trust Co purchased a new stake in shares of Bank of New York Mellon during the second quarter worth about $36,000. Westside Investment Management Inc. grew its position in shares of Bank of New York Mellon by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after purchasing an additional 127 shares in the last quarter. Dunhill Financial LLC raised its stake in Bank of New York Mellon by 130.8% during the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank’s stock valued at $47,000 after purchasing an additional 242 shares during the period. Finally, Community Bank N.A. lifted its holdings in Bank of New York Mellon by 250.4% in the 3rd quarter. Community Bank N.A. now owns 438 shares of the bank’s stock worth $48,000 after purchasing an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

NYSE BK opened at $116.18 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.71. The Bank of New York Mellon Corporation has a 1-year low of $70.46 and a 1-year high of $128.76. The business has a 50 day simple moving average of $119.65 and a two-hundred day simple moving average of $113.22. The stock has a market capitalization of $79.96 billion, a PE ratio of 15.68, a P/E/G ratio of 1.08 and a beta of 1.10.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Friday, October 31st. The bank reported $1.91 earnings per share (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, research analysts predict that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 23rd were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, January 23rd. Bank of New York Mellon’s payout ratio is currently 28.61%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BK shares. New Street Research set a $143.00 price target on Bank of New York Mellon in a research note on Wednesday, January 14th. Morgan Stanley lifted their price objective on shares of Bank of New York Mellon from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of New York Mellon from $132.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Weiss Ratings raised shares of Bank of New York Mellon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Finally, Citigroup assumed coverage on shares of Bank of New York Mellon in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and an average price target 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.