The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. grew its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,260 shares of the bank’s stock after buying an additional 184 shares during the quarter. Financial Counselors Inc.’s holdings in Bank of New York Mellon were worth $327,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Bank of New York Mellon by 6.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,035,321 shares of the bank’s stock valued at $79,544,000 after purchasing an additional 58,499 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Bank of New York Mellon by 4.3% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,414 shares of the bank’s stock valued at $1,953,000 after buying an additional 1,045 shares in the last quarter. PKS Advisory Services LLC acquired a new stake in shares of Bank of New York Mellon during the 4th quarter valued at approximately $2,015,000. First American Trust FSB boosted its stake in shares of Bank of New York Mellon by 3.4% during the 4th quarter. First American Trust FSB now owns 54,049 shares of the bank’s stock worth $4,153,000 after acquiring an additional 1,783 shares in the last quarter. Finally, TIAA Trust National Association grew its holdings in shares of Bank of New York Mellon by 5.4% in the 4th quarter. TIAA Trust National Association now owns 21,457 shares of the bank’s stock worth $1,649,000 after acquiring an additional 1,099 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

Bank of New York Mellon stock opened at $82.67 on Friday. The stock has a fifty day moving average price of $85.34 and a 200 day moving average price of $79.53. 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 Bank of New York Mellon Co. has a 52 week low of $52.64 and a 52 week high of $90.34. The firm has a market capitalization of $59.35 billion, a P/E ratio of 14.23, a PEG ratio of 0.97 and a beta of 1.06.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.27%. Bank of New York Mellon’s dividend payout ratio is presently 32.36%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BK shares. Bank of America boosted their target price on Bank of New York Mellon from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Evercore ISI boosted their price objective on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Barclays raised their price objective on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon currently has an average rating of “Moderate Buy” and a consensus target price of $89.71.

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.