Robinson Value Management Ltd. Decreases Stake in The Bank of New York Mellon Co. (NYSE:BK)

Robinson Value Management Ltd. cut its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,407 shares of the bank’s stock after selling 1,373 shares during the quarter. Robinson Value Management Ltd.’s holdings in Bank of New York Mellon were worth $1,568,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quotient Wealth Partners LLC increased its stake in Bank of New York Mellon by 6.0% in the fourth quarter. Quotient Wealth Partners LLC now owns 3,030 shares of the bank’s stock valued at $233,000 after purchasing an additional 172 shares during the last quarter. Empowered Funds LLC grew its position in Bank of New York Mellon by 743.6% during the fourth quarter. Empowered Funds LLC now owns 116,085 shares of the bank’s stock valued at $8,919,000 after acquiring an additional 102,325 shares during the period. Apollon Wealth Management LLC grew its position in Bank of New York Mellon by 16.2% during the fourth quarter. Apollon Wealth Management LLC now owns 21,927 shares of the bank’s stock valued at $1,685,000 after acquiring an additional 3,059 shares during the period. Mezzasalma Advisors LLC grew its position in Bank of New York Mellon by 24.1% during the fourth quarter. Mezzasalma Advisors LLC now owns 5,561 shares of the bank’s stock valued at $427,000 after acquiring an additional 1,081 shares during the period. Finally, Realta Investment Advisors purchased a new stake in Bank of New York Mellon during the fourth quarter valued at about $474,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Truist Financial upped their target price on Bank of New York Mellon from $91.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com downgraded Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI increased their price target on Bank of New York Mellon from $79.00 to $83.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Finally, UBS Group increased their price target on Bank of New York Mellon from $88.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Bank of New York Mellon Stock Down 0.3 %

Shares of Bank of New York Mellon stock opened at $86.15 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The business’s 50 day simple moving average is $80.70 and its 200-day simple moving average is $74.67. The stock has a market capitalization of $62.64 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.98 and a beta of 1.08. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $87.70.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the prior year, the firm earned $1.28 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts forecast that The Bank of New York Mellon Co. will post 6.89 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Bank of New York Mellon Company Profile

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.