5,000 Shares in The Bank of New York Mellon Co. (NYSE:BK) Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA purchased a new position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the bank's stock, valued at approximately $419,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BK. Revolve Wealth Partners LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter worth about $220,000. Portfolio Design Labs LLC purchased a new stake in Bank of New York Mellon during the fourth quarter worth approximately $255,000. Leavell Investment Management Inc. acquired a new position in Bank of New York Mellon in the fourth quarter valued at approximately $204,000. TFB Advisors LLC purchased a new position in Bank of New York Mellon in the fourth quarter valued at approximately $212,000. Finally, Gladstone Institutional Advisory LLC purchased a new position in Bank of New York Mellon in the fourth quarter valued at approximately $1,280,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Insider Buying and Selling

In related news, VP Catherine Keating sold 65,473 shares of the 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 completion of the transaction, the vice president now directly owns 87,542 shares of the company's stock, valued at $6,767,872.02. This represents a 42.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $77.50, for a total value of $437,177.50. Following the completion of the sale, the insider now directly owns 21,679 shares in the company, valued at $1,680,122.50. This represents a 20.65% 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 three months. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BK shares. Evercore ISI boosted 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. Morgan Stanley lifted their price target on shares of Bank of New York Mellon from $94.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price target on shares of Bank of New York Mellon in a research report on Monday, March 17th. Wells Fargo & Company raised their price objective on Bank of New York Mellon from $86.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, March 3rd. Finally, Wall Street Zen cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.85.

Bank of New York Mellon Stock Performance

Shares of BK traded down $1.21 during mid-day trading on Friday, hitting $88.50. 3,527,284 shares of the company's stock were exchanged, compared to its average volume of 4,067,339. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Co. has a fifty-two week low of $57.18 and a fifty-two week high of $90.63. The business's 50 day moving average is $83.83 and its two-hundred day moving average is $82.87. The firm has a market capitalization of $63.32 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.97 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The bank reported $1.58 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.76 billion. During the same period in the prior year, the business earned $1.29 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share 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. This represents a $1.88 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, April 21st. Bank of New York Mellon's dividend payout ratio (DPR) is presently 30.62%.

Bank of New York Mellon Company 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.