Butensky & Cohen Financial Security Inc. Has $5.89 Million Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Butensky & Cohen Financial Security Inc. decreased its stake in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,252 shares of the bank's stock after selling 6,882 shares during the period. Bank of New York Mellon comprises about 1.8% of Butensky & Cohen Financial Security Inc.'s holdings, making the stock its 7th largest holding. Butensky & Cohen Financial Security Inc.'s holdings in Bank of New York Mellon were worth $5,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vest Financial LLC acquired a new position in Bank of New York Mellon in the 1st quarter valued at approximately $43,093,000. HF Advisory Group LLC increased its position in Bank of New York Mellon by 3.0% in the 1st quarter. HF Advisory Group LLC now owns 9,826 shares of the bank's stock valued at $824,000 after acquiring an additional 283 shares during the period. Beacon Financial Group increased its position in Bank of New York Mellon by 3.9% in the 1st quarter. Beacon Financial Group now owns 17,693 shares of the bank's stock valued at $1,484,000 after acquiring an additional 666 shares during the period. Benson Investment Management Company Inc. acquired a new position in Bank of New York Mellon in the 1st quarter valued at approximately $5,259,000. Finally, Teamwork Financial Advisors LLC increased its position in Bank of New York Mellon by 2.6% in the 1st quarter. Teamwork Financial Advisors LLC now owns 37,929 shares of the bank's stock valued at $3,181,000 after acquiring an additional 945 shares during the period. Institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Stock Up 2.0%

Shares of NYSE BK opened at $90.33 on Friday. The firm has a market cap of $64.63 billion, a PE ratio of 15.55, a P/E/G 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 $90.63. The company's fifty day simple moving average is $82.87 and its 200 day simple moving average is $82.59. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its 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. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. Bank of New York Mellon's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, sell-side analysts forecast that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Monday, April 21st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, April 21st. Bank of New York Mellon's dividend payout ratio (DPR) is 30.62%.

Insider Buying and Selling at Bank of New York Mellon

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 55,115 shares of the company's stock, valued at $4,355,738.45. This trade represents a 35.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine Keating sold 65,473 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $77.31, for a total transaction of $5,061,717.63. Following the transaction, the vice president now directly owns 87,542 shares in the company, valued at $6,767,872.02. The trade was a 42.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,114 shares of company stock valued at $7,869,795. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BK shares. Wells Fargo & Company upped their price target on shares of 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $90.00 price objective on shares of Bank of New York Mellon in a research report on Monday, March 17th. Evercore ISI increased their price objective on shares of 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. Wall Street Zen cut shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Citigroup increased their price objective on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, March 24th. 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 target price of $91.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.