The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by First Bank & Trust

First Bank & Trust decreased its position in The Bank of New York Mellon Co. (NYSE:BK) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,241 shares of the bank’s stock after selling 188 shares during the quarter. First Bank & Trust’s holdings in Bank of New York Mellon were worth $249,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BK. Blue Trust Inc. grew its position in shares of Bank of New York Mellon by 95.4% in the 3rd quarter. Blue Trust Inc. now owns 1,673 shares of the bank’s stock worth $120,000 after acquiring an additional 817 shares in the last quarter. Foundations Investment Advisors LLC grew its position in shares of Bank of New York Mellon by 10.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 9,302 shares of the bank’s stock worth $668,000 after acquiring an additional 909 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Bank of New York Mellon by 186.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 50,613 shares of the bank’s stock worth $3,637,000 after acquiring an additional 32,914 shares in the last quarter. Signaturefd LLC grew its position in shares of Bank of New York Mellon by 1.1% in the 3rd quarter. Signaturefd LLC now owns 14,386 shares of the bank’s stock worth $1,034,000 after acquiring an additional 157 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of Bank of New York Mellon in the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Down 1.3 %

BK opened at $87.20 on Friday. The Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $89.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The stock’s fifty day moving average is $81.87 and its 200-day moving average is $76.08. The company has a market capitalization of $63.40 billion, a PE ratio of 15.01, a P/E/G ratio of 1.01 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 EPS 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 company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts predict that The Bank of New York Mellon Co. will post 6.93 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio is presently 32.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group lifted their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Truist Financial boosted their price objective on Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Evercore ISI boosted their price objective on Bank of New York Mellon from $79.00 to $83.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Finally, Bank of America boosted their price objective on Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

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.