The Bank of New York Mellon Co. (NYSE:BK) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its position in The Bank of New York Mellon Co. (NYSE:BK) by 659.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 437,755 shares of the bank’s stock after purchasing an additional 380,091 shares during the period. Mizuho Securities USA LLC’s holdings in Bank of New York Mellon were worth $31,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. acquired a new position in Bank of New York Mellon during the third quarter worth $204,000. Empowered Funds LLC boosted its position in shares of Bank of New York Mellon by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 13,760 shares of the bank’s stock worth $989,000 after purchasing an additional 1,162 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Bank of New York Mellon by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 26,040 shares of the bank’s stock worth $1,871,000 after purchasing an additional 589 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Bank of New York Mellon by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 127,784 shares of the bank’s stock valued at $9,183,000 after purchasing an additional 6,668 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in shares of Bank of New York Mellon by 1.0% in the third quarter. OneDigital Investment Advisors LLC now owns 24,941 shares of the bank’s stock valued at $1,792,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the completion of the sale, the executive vice president now directly owns 75,404 shares in the company, valued at $5,754,079.24. The trade was a 24.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Hanneke Smits sold 16,475 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the completion of the sale, the vice president now directly owns 157,455 shares of the company’s stock, valued at $12,040,583.85. The trade was a 9.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Bank of New York Mellon Stock Up 0.9 %

Shares of NYSE:BK opened at $78.29 on Friday. The Bank of New York Mellon Co. has a 12-month low of $46.04 and a 12-month high of $80.29. The stock’s 50-day moving average price is $73.99 and its two-hundred day moving average price is $65.89. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 0.89 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Friday, October 11th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.11. The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.52 billion. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. On average, research analysts forecast that The Bank of New York Mellon Co. will post 5.82 EPS for the current year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.40%. Bank of New York Mellon’s payout ratio is 40.87%.

Analyst Ratings Changes

Several equities research analysts recently commented on BK shares. Morgan Stanley boosted their price objective on shares of Bank of New York Mellon from $72.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Monday, September 30th. The Goldman Sachs Group upped their price target on shares of Bank of New York Mellon from $74.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $79.00 price objective on shares of Bank of New York Mellon in a research note on Monday, October 14th. UBS Group upped their target price on Bank of New York Mellon from $73.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price target on Bank of New York Mellon from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.23.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.