First National Bank of Omaha Makes New Investment in The Bank of New York Mellon Corporation $BK

First National Bank of Omaha bought a new position in The Bank of New York Mellon Corporation (NYSE:BK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,933 shares of the bank’s stock, valued at approximately $3,044,000.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. lifted its holdings in Bank of New York Mellon by 78.9% during the 2nd quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock worth $26,000 after buying an additional 127 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Bank of New York Mellon during the 3rd quarter valued at approximately $33,000. Caldwell Trust Co bought a new position in Bank of New York Mellon during the second quarter worth $36,000. Quaker Wealth Management LLC boosted its holdings in Bank of New York Mellon by 198.9% in the second quarter. Quaker Wealth Management LLC now owns 450 shares of the bank’s stock worth $41,000 after purchasing an additional 905 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Bank of New York Mellon during the second quarter valued at $52,000. Institutional investors own 85.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BK. Royal Bank Of Canada lifted their price target on shares of Bank of New York Mellon from $124.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Bank of New York Mellon from $132.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Citigroup upped their target price on Bank of New York Mellon from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Morgan Stanley raised their price target on Bank of New York Mellon from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on Bank of New York Mellon from $119.00 to $122.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.92.

Bank of New York Mellon Stock Performance

Shares of NYSE BK opened at $119.63 on Thursday. The Bank of New York Mellon Corporation has a 12-month low of $70.46 and a 12-month high of $128.76. The company has a market cap of $83.42 billion, a PE ratio of 16.14, a P/E/G ratio of 1.11 and a beta of 1.10. The stock has a 50 day simple moving average of $119.31 and a 200-day simple moving average of $111.41. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Friday, October 31st. The bank reported $1.91 earnings per share 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 for the quarter. On average, equities research analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Announces Dividend

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

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.