Brown Advisory Inc. Has $14.38 Million Holdings in The Bank of New York Mellon Corporation (NYSE:BK)

Brown Advisory Inc. lowered its position in shares of The Bank of New York Mellon Corporation (NYSE:BK - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 171,507 shares of the bank's stock after selling 10,237 shares during the quarter. Brown Advisory Inc.'s holdings in Bank of New York Mellon were worth $14,384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Beverly Hills Private Wealth LLC raised its position in shares of Bank of New York Mellon by 1.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 18,543 shares of the bank's stock valued at $1,555,000 after buying an additional 316 shares during the period. Interchange Capital Partners LLC purchased a new stake in Bank of New York Mellon during the 1st quarter worth about $304,000. Crossmark Global Holdings Inc. increased its stake in shares of Bank of New York Mellon by 6.8% during the first quarter. Crossmark Global Holdings Inc. now owns 126,740 shares of the bank's stock worth $10,630,000 after buying an additional 8,113 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Bank of New York Mellon by 55.9% in the 1st quarter. TD Private Client Wealth LLC now owns 3,516 shares of the bank's stock valued at $295,000 after purchasing an additional 1,261 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Bank of New York Mellon by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,357,747 shares of the bank's stock worth $197,744,000 after buying an additional 93,850 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company's stock.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, insider Kurtis R. Kurimsky sold 5,641 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $77.50, for a total transaction of $437,177.50. Following the transaction, the insider directly owned 21,679 shares in the company, valued at approximately $1,680,122.50. This represents a 20.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Catherine Keating sold 65,473 shares of Bank of New York Mellon 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 sale, the vice president owned 87,542 shares of the company's stock, valued at approximately $6,767,872.02. This represents a 42.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,114 shares of company stock valued at $7,869,795 over the last quarter. Corporate insiders own 0.14% of the company's stock.

Bank of New York Mellon Stock Up 0.0%

BK traded up $0.04 during trading on Friday, reaching $93.70. 4,276,886 shares of the stock traded hands, compared to its average volume of 4,138,902. The Bank of New York Mellon Corporation has a fifty-two week low of $60.93 and a fifty-two week high of $93.93. The stock's 50-day simple moving average is $89.37 and its two-hundred day simple moving average is $84.46. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $67.04 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.76 billion. Bank of New York Mellon had a net margin of 11.78% and a return on equity of 12.96%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. As a group, equities research analysts expect that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, April 21st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, April 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.01%. Bank of New York Mellon's dividend payout ratio (DPR) is currently 30.62%.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley upped their price objective on Bank of New York Mellon from $94.00 to $95.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Truist Financial downgraded Bank of New York Mellon from a "buy" rating to a "hold" rating and boosted their target price for the stock from $87.00 to $97.00 in a research report on Wednesday, May 28th. Citigroup increased their price target on shares of 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. Evercore ISI upped their target price on shares of Bank of New York Mellon from $88.00 to $90.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $90.00 price objective on shares of Bank of New York Mellon in a report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Bank of New York Mellon presently has an average rating of "Moderate Buy" and a consensus price target of $92.08.

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.