43,664 Shares in The Bank of New York Mellon Co. (NYSE:BK) Acquired by Woodline Partners LP

Woodline Partners LP bought a new position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 43,664 shares of the bank's stock, valued at approximately $3,355,000.

Other large investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new stake in Bank of New York Mellon in the fourth quarter valued at $25,000. Bellwether Advisors LLC purchased a new position in shares of Bank of New York Mellon in the 4th quarter valued at about $28,000. Transce3nd LLC purchased a new stake in Bank of New York Mellon during the fourth quarter worth approximately $33,000. South Plains Financial Inc. purchased a new stake in Bank of New York Mellon during the fourth quarter worth approximately $34,000. Finally, Graney & King LLC acquired a new position in Bank of New York Mellon in the fourth quarter valued at approximately $35,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BK has been the subject of several research analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 target price on shares of Bank of New York Mellon in a report on Monday, March 17th. Citigroup raised their price objective on Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Monday, March 24th. Morgan Stanley cut their target price on Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company upped their target price on Bank of New York Mellon from $86.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, March 3rd. Finally, Evercore ISI lifted their price target on Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $92.08.

Insider Buying and Selling

In related news, VP Catherine Keating sold 65,473 shares of the company'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 value of $5,061,717.63. Following the sale, the vice president now owns 87,542 shares in the company, valued at $6,767,872.02. This represents a 42.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $79.03, for a total value of $2,370,900.00. Following the completion of the transaction, the executive vice president now owns 55,115 shares of the company's stock, valued at approximately $4,355,738.45. This represents a 35.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,114 shares of company stock valued at $7,869,795 over the last quarter. Company insiders own 0.14% of the company's stock.

Bank of New York Mellon Stock Performance

Bank of New York Mellon stock traded up $0.23 during trading hours on Thursday, reaching $89.03. 2,290,943 shares of the stock were exchanged, compared to its average volume of 4,061,878. The stock has a market cap of $63.69 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.97 and a beta of 1.05. The firm's 50 day moving average is $82.21 and its 200 day moving average is $82.06. 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 Bank of New York Mellon Co. has a 52-week low of $57.18 and a 52-week high of $90.63.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings results 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 net margin of 11.35% and a return on equity of 12.68%. 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 company posted $1.29 earnings per share. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Monday, April 21st were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.11%. Bank of New York Mellon's dividend payout ratio (DPR) is presently 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.