NBC Securities Inc. Has $1.01 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

NBC Securities Inc. increased its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 109,118.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,014 shares of the bank's stock after acquiring an additional 12,003 shares during the period. NBC Securities Inc.'s holdings in Bank of New York Mellon were worth $1,007,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its stake in Bank of New York Mellon by 57.6% in the 4th quarter. Blue Trust Inc. now owns 2,637 shares of the bank's stock valued at $189,000 after acquiring an additional 964 shares during the period. Revolve Wealth Partners LLC bought a new stake in Bank of New York Mellon in the 4th quarter valued at $220,000. DAVENPORT & Co LLC raised its stake in Bank of New York Mellon by 12.8% in the 4th quarter. DAVENPORT & Co LLC now owns 12,052 shares of the bank's stock valued at $926,000 after acquiring an additional 1,364 shares during the period. Spire Wealth Management raised its stake in Bank of New York Mellon by 163.5% in the 4th quarter. Spire Wealth Management now owns 8,494 shares of the bank's stock valued at $653,000 after acquiring an additional 5,270 shares during the period. Finally, Stock Yards Bank & Trust Co. bought a new stake in Bank of New York Mellon in the 4th quarter valued at $207,000. Institutional investors own 85.31% of the company's stock.

Insider Buying and Selling

In related news, VP Catherine Keating sold 65,473 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.31, for a total value of $5,061,717.63. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the firm's stock in a transaction dated 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 trade represents a 20.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,114 shares of company stock worth $7,869,795. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

BK has been the topic of a number of research analyst reports. Morgan Stanley increased their price target 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. Wall Street Zen cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Evercore ISI increased their price target on Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Wells Fargo & Company increased 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 research report on Monday, March 3rd. Finally, 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.85.

Bank of New York Mellon Price Performance

BK traded up $0.13 on Thursday, hitting $88.46. 3,214,332 shares of the stock were exchanged, compared to its average volume of 4,072,267. 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 12 month low of $57.18 and a 12 month high of $90.63. The firm has a market capitalization of $63.29 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.97 and a beta of 1.05. The business has a 50-day moving average of $82.65 and a two-hundred day moving average of $82.43.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 EPS. Sell-side analysts forecast 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 company 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. The ex-dividend date was Monday, April 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.13%. Bank of New York Mellon's dividend payout ratio is 30.62%.

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.