The Bank of New York Mellon Co. (NYSE:BK) Shares Purchased by Personal CFO Solutions LLC

Personal CFO Solutions LLC raised its position in The Bank of New York Mellon Co. (NYSE:BK) by 48.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,910 shares of the bank’s stock after purchasing an additional 2,263 shares during the quarter. Personal CFO Solutions LLC’s holdings in Bank of New York Mellon were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Centricity Wealth Management LLC purchased a new position in Bank of New York Mellon in the fourth quarter valued at about $39,000. Modus Advisors LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter worth approximately $49,000. Ashton Thomas Securities LLC acquired a new stake in Bank of New York Mellon during the 3rd quarter valued at $46,000. Friedenthal Financial acquired a new stake in Bank of New York Mellon in the 4th quarter valued at about $56,000. Finally, Asset Dedication LLC increased its position in Bank of New York Mellon by 342.1% in the fourth quarter. Asset Dedication LLC now owns 756 shares of the bank’s stock worth $58,000 after purchasing an additional 585 shares during the period. 85.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on BK shares. UBS Group boosted their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Morgan Stanley boosted their price target on Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America increased their price target on Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wells Fargo & Company increased 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 research report on Monday, March 3rd. Finally, Wolfe Research downgraded Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.71.

Bank of New York Mellon Trading Up 1.5 %

NYSE:BK opened at $85.98 on Monday. The firm has a market cap of $61.73 billion, a P/E ratio of 14.80, a PEG ratio of 0.97 and a beta of 1.06. The Bank of New York Mellon Co. has a 12-month low of $52.64 and a 12-month high of $90.34. The stock’s 50 day simple moving average is $83.85 and its 200-day simple moving average is $78.03. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83.

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, beating analysts’ consensus estimates of $1.54 by $0.18. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share. Equities analysts anticipate that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. Bank of New York Mellon’s dividend payout ratio is presently 32.36%.

Bank of New York Mellon 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.