Dimensional Fund Advisors LP Sells 28,541 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Dimensional Fund Advisors LP decreased its holdings in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,268,767 shares of the bank's stock after selling 28,541 shares during the quarter. Dimensional Fund Advisors LP owned 1.00% of Bank of New York Mellon worth $558,464,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC lifted its stake in shares of Bank of New York Mellon by 3.8% in the 3rd quarter. McIlrath & Eck LLC now owns 6,860 shares of the bank's stock worth $493,000 after acquiring an additional 254 shares during the period. SkyView Investment Advisors LLC boosted its stake in Bank of New York Mellon by 3.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 9,814 shares of the bank's stock valued at $705,000 after purchasing an additional 345 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Bank of New York Mellon in the 3rd quarter worth $2,617,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Bank of New York Mellon by 340.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 27,991 shares of the bank's stock valued at $2,011,000 after buying an additional 21,641 shares during the period. Finally, Tidal Investments LLC boosted its stake in Bank of New York Mellon by 7.1% during the third quarter. Tidal Investments LLC now owns 33,764 shares of the bank's stock valued at $2,426,000 after buying an additional 2,240 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of Bank of New York Mellon from $86.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, March 3rd. Barclays raised their price objective on 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. StockNews.com cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Wolfe Research cut Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Bank of New York Mellon presently has an average rating of "Moderate Buy" and an average price target of $91.31.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Catherine Keating sold 65,473 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 87,542 shares in the company, valued at $6,767,872.02. This trade represents a 42.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the company's 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 completion of the sale, the insider now owns 21,679 shares in the company, valued at $1,680,122.50. This trade represents a 20.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Stock Up 1.5 %

NYSE:BK traded up $1.13 during mid-day trading on Thursday, reaching $78.86. The stock had a trading volume of 1,627,487 shares, compared to its average volume of 3,952,412. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The stock has a market cap of $56.62 billion, a P/E ratio of 13.56, a PEG ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a fifty-two week low of $56.08 and a fifty-two week high of $90.34. The business's 50 day moving average is $82.08 and its 200 day moving average is $80.39.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.76 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, April 21st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.38%. Bank of New York Mellon's dividend payout ratio is currently 30.62%.

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.