Czech National Bank Has $13.83 Million Position in The Bank of New York Mellon Co. (NYSE:BK)

Czech National Bank lifted its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,840 shares of the bank's stock after acquiring an additional 7,195 shares during the quarter. Czech National Bank's holdings in Bank of New York Mellon were worth $13,825,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter worth about $25,000. Bellwether Advisors LLC acquired a new position in Bank of New York Mellon during the fourth quarter worth approximately $28,000. REAP Financial Group LLC lifted its position in Bank of New York Mellon by 123.2% during the fourth quarter. REAP Financial Group LLC now owns 395 shares of the bank's stock worth $30,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC bought a new stake in Bank of New York Mellon in the 4th quarter valued at about $33,000. Finally, South Plains Financial Inc. bought a new stake in shares of Bank of New York Mellon during the 4th quarter worth approximately $34,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Catherine Keating sold 65,473 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now directly owns 87,542 shares of the company's stock, valued at $6,767,872.02. This trade represents a 42.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $77.50, for a total value of $437,177.50. Following the sale, the insider now owns 21,679 shares of the company's stock, valued at approximately $1,680,122.50. This represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,114 shares of company stock worth $7,869,795. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $90.00 target price on shares of Bank of New York Mellon in a report on Monday, March 17th. 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. Wells Fargo & Company boosted their price objective 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. Wall Street Zen lowered shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Truist Financial downgraded Bank of New York Mellon from a "buy" rating to a "hold" rating and lifted their price objective for the company from $87.00 to $97.00 in a report on Wednesday, May 28th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.85.

Bank of New York Mellon Stock Up 0.5%

Shares of NYSE BK traded up $0.48 during midday trading on Thursday, hitting $88.81. 954,654 shares of the company's stock were exchanged, compared to its average volume of 4,063,767. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The Bank of New York Mellon Co. has a twelve month low of $57.18 and a twelve month high of $90.63. The company has a market cap of $63.54 billion, a PE ratio of 15.29, a P/E/G ratio of 0.97 and a beta of 1.05. The firm's fifty day simple moving average is $82.65 and its 200-day simple moving average is $82.43.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. Research 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 business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Monday, April 21st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.12%. The ex-dividend date 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.