CSM Advisors LLC Sells 4,945 Shares of The Bank of New York Mellon Co. (NYSE:BK)

CSM Advisors LLC cut its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,218 shares of the bank's stock after selling 4,945 shares during the quarter. CSM Advisors LLC's holdings in Bank of New York Mellon were worth $8,545,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BK. Transce3nd LLC acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth about $33,000. Graney & King LLC acquired a new position in Bank of New York Mellon during the 4th quarter worth approximately $35,000. Centricity Wealth Management LLC purchased a new position in Bank of New York Mellon in the 4th quarter worth approximately $39,000. TCTC Holdings LLC grew its position in Bank of New York Mellon by 257.5% in the fourth quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock valued at $46,000 after acquiring an additional 430 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Bank of New York Mellon during the fourth quarter valued at approximately $49,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BK shares. UBS Group lifted their price target on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on 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. Morgan Stanley dropped their price objective on Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Evercore ISI increased their target price on 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. Finally, Wolfe Research cut shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.31.

Insiders Place Their Bets

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 21,679 shares in the company, valued at $1,680,122.50. The trade was a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catherine Keating sold 65,473 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $77.31, for a total transaction of $5,061,717.63. Following the transaction, the vice president now owns 87,542 shares in the company, valued at approximately $6,767,872.02. This trade represents a 42.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Trading Up 0.0 %

NYSE BK traded up $0.01 on Monday, hitting $78.66. 1,153,204 shares of the stock were exchanged, compared to its average volume of 3,961,668. The company's 50-day moving average price is $81.68 and its two-hundred day moving average price is $80.56. The company has a market capitalization of $56.48 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a 52-week low of $56.08 and a 52-week high of $90.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.08. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.76 billion. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. Research analysts predict that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, April 21st will be paid a $0.47 dividend. The ex-dividend date is Monday, April 21st. This represents a $1.88 annualized dividend and a yield of 2.39%. Bank of New York Mellon's dividend payout ratio is presently 30.62%.

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.