B. Metzler seel. Sohn & Co. AG Takes Position in Bank of New York Mellon Corporation $BNY

B. Metzler seel. Sohn & Co. AG purchased a new stake in Bank of New York Mellon Corporation (NYSE:BNY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 158,233 shares of the bank's stock, valued at approximately $22,882,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Abound Financial LLC acquired a new stake in Bank of New York Mellon in the fourth quarter valued at $25,000. MCF Advisors LLC grew its stake in shares of Bank of New York Mellon by 74.8% during the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank's stock worth $27,000 after purchasing an additional 101 shares during the period. Luken Investment Analytics LLC acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth $27,000. Burnham & Co LLC purchased a new position in shares of Bank of New York Mellon in the 2nd quarter valued at about $29,000. Finally, EFG International AG purchased a new position in shares of Bank of New York Mellon in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Analyst Ratings Changes

BNY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Bank of New York Mellon to a "hold" rating in a report on Saturday, May 23rd. JPMorgan Chase & Co. increased their target price on shares of Bank of New York Mellon from $149.00 to $159.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Argus lifted their price target on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Citigroup lifted their price target on shares of Bank of New York Mellon from $167.00 to $172.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Finally, Weiss Ratings lowered Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.13.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Jose Minaya sold 3,520 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $162.64, for a total transaction of $572,492.80. Following the sale, the vice president owned 180,344 shares of the company's stock, valued at $29,331,148.16. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The disclosure for this sale is available in the SEC filing. Company insiders own 0.17% of the company's stock.

Bank of New York Mellon Stock Up 1.0%

Shares of NYSE BNY opened at $162.09 on Thursday. The firm's 50-day moving average is $156.65 and its two-hundred day moving average is $138.99. The company has a market capitalization of $109.98 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. Bank of New York Mellon Corporation has a 12-month low of $102.63 and a 12-month high of $165.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.35 billion. During the same period last year, the company posted $1.93 EPS. The company's revenue was up 13.3% on a year-over-year basis. Equities analysts anticipate that Bank of New York Mellon Corporation will post 9.26 EPS for the current fiscal year.

About Bank of New York Mellon

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world's capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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