Epacria Capital Partners LLC Trims Position in The Bank of New York Mellon Co. (NYSE:BK)

Epacria Capital Partners LLC reduced its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 71.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,525 shares of the bank's stock after selling 34,625 shares during the quarter. Bank of New York Mellon comprises approximately 0.9% of Epacria Capital Partners LLC's holdings, making the stock its 22nd largest holding. Epacria Capital Partners LLC's holdings in Bank of New York Mellon were worth $1,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Parvin Asset Management LLC bought a new position in Bank of New York Mellon during the fourth quarter valued at $25,000. Bellwether Advisors LLC bought a new position in shares of Bank of New York Mellon in the 4th quarter valued at about $28,000. Transce3nd LLC bought a new stake in Bank of New York Mellon during the fourth quarter worth approximately $33,000. South Plains Financial Inc. bought a new position in shares of Bank of New York Mellon during the 4th quarter valued at approximately $34,000. Finally, Graney & King LLC bought a new stake in Bank of New York Mellon in the fourth quarter worth $35,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Bank of New York Mellon Stock Up 0.5 %

NYSE:BK traded up $0.40 during trading hours on Friday, reaching $85.90. The company's stock had a trading volume of 3,855,244 shares, compared to its average volume of 4,004,821. The stock has a 50 day moving average price of $80.67 and a two-hundred day moving average price of $80.95. 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 company has a market capitalization of $61.46 billion, a P/E ratio of 14.78, a price-to-earnings-growth 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 $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The bank reported $1.58 earnings per share 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 period in the prior year, the business posted $1.29 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts predict 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 company also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, April 21st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Monday, April 21st. Bank of New York Mellon's dividend payout ratio is currently 30.62%.

Insider Transactions at Bank of New York Mellon

In other news, insider Kurtis R. Kurimsky sold 5,641 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.50, for a total transaction of $437,177.50. Following the sale, the insider now owns 21,679 shares in the company, valued at approximately $1,680,122.50. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $79.03, for a total transaction of $2,370,900.00. Following the completion of the transaction, the executive vice president now directly owns 55,115 shares of the company's stock, valued at $4,355,738.45. The trade was a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price objective on shares of Bank of New York Mellon in a research note on Monday, March 17th. Citigroup boosted their target price on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, March 24th. Morgan Stanley reduced their price target 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. Finally, Bank of America upped 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 nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and a consensus price target of $91.31.

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.