Mubadala Investment Co PJSC Acquires Shares of 51,732 The Bank of New York Mellon Co. (NYSE:BK)

Mubadala Investment Co PJSC acquired a new position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 51,732 shares of the bank's stock, valued at approximately $3,975,000. Bank of New York Mellon comprises about 0.0% of Mubadala Investment Co PJSC's portfolio, making the stock its 18th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Czech National Bank boosted its holdings in shares of Bank of New York Mellon by 4.9% in the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock worth $12,112,000 after buying an additional 7,316 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Bank of New York Mellon by 11.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock valued at $60,426,000 after acquiring an additional 82,671 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Bank of New York Mellon by 9.2% during the 4th quarter. Fifth Third Bancorp now owns 94,046 shares of the bank's stock valued at $7,226,000 after acquiring an additional 7,935 shares during the period. Natixis Advisors LLC increased its stake in shares of Bank of New York Mellon by 6.5% during the 4th quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock worth $21,971,000 after purchasing an additional 17,457 shares during the last quarter. Finally, Western Financial Corp CA bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $342,000. Institutional investors own 85.31% of the company's stock.

Insider Buying and Selling at Bank of New York Mellon

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $79.03, for a total value of $2,370,900.00. Following the sale, the executive vice president now owns 55,115 shares in the company, valued at $4,355,738.45. This represents a 35.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction on Monday, April 14th. The shares were sold at an average price of $77.50, for a total value of $437,177.50. Following the transaction, the insider now owns 21,679 shares of the company's stock, valued at $1,680,122.50. The trade was a 20.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,114 shares of company stock valued at $7,869,795 in the last 90 days. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Price Performance

Shares of NYSE BK traded up $0.67 during midday trading on Friday, hitting $90.06. 6,290,007 shares of the company's stock were exchanged, compared to its average volume of 4,034,825. 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 fifty day moving average price is $81.07 and its two-hundred day moving average price is $81.37. The company has a market cap of $64.43 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.97 and a beta of 1.05. The Bank of New York Mellon Co. has a 12-month low of $57.18 and a 12-month high of $90.50.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.08. 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 $4.79 billion for the quarter, compared to analysts' expectations of $4.76 billion. During the same quarter last year, the company posted $1.29 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts forecast that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Monday, April 21st were issued a dividend of $0.47 per share. The ex-dividend date was Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.09%. Bank of New York Mellon's dividend payout ratio is presently 30.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BK shares. UBS Group increased their target price on shares of 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. Royal Bank of Canada restated a "sector perform" rating and set a $90.00 price target on shares of Bank of New York Mellon in a research note on Monday, March 17th. Evercore ISI lifted their price objective on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Wells Fargo & Company boosted 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. Finally, Truist Financial cut their price target on Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.31.

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.