The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 13.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,921,432 shares of the bank’s stock after selling 293,394 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Bank of New York Mellon were worth $147,624,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BK. Mackenzie Financial Corp lifted its position in shares of Bank of New York Mellon by 1.5% during the 2nd quarter. Mackenzie Financial Corp now owns 93,439 shares of the bank’s stock worth $5,596,000 after purchasing an additional 1,362 shares during the last quarter. Creative Planning increased its stake in Bank of New York Mellon by 3.1% in the second quarter. Creative Planning now owns 236,238 shares of the bank’s stock valued at $14,148,000 after purchasing an additional 7,058 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Bank of New York Mellon by 2.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 37,093 shares of the bank’s stock valued at $2,221,000 after purchasing an additional 1,023 shares during the period. NewEdge Advisors LLC increased its stake in shares of Bank of New York Mellon by 66.8% during the second quarter. NewEdge Advisors LLC now owns 28,596 shares of the bank’s stock worth $1,713,000 after acquiring an additional 11,457 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of Bank of New York Mellon during the second quarter worth about $102,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Price Performance

BK opened at $86.52 on Wednesday. The company has a fifty day simple moving average of $79.85 and a 200 day simple moving average of $73.59. The firm has a market cap of $62.90 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.96 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 $86.69. 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 posted its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the firm posted $1.28 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that The Bank of New York Mellon Co. will post 6.86 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.17%. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Analyst Ratings Changes

Several brokerages have weighed in on BK. Deutsche Bank Aktiengesellschaft upped their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Bank of America upped their price target on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wolfe Research downgraded shares of Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Barclays increased their price target 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. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.