Siemens Fonds Invest GmbH Sells 3,976 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Siemens Fonds Invest GmbH cut its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 47.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,392 shares of the bank's stock after selling 3,976 shares during the period. Siemens Fonds Invest GmbH's holdings in Bank of New York Mellon were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BK. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Bank of New York Mellon during the 4th quarter worth about $928,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Bank of New York Mellon during the 4th quarter worth about $203,000. Merit Financial Group LLC increased its holdings in shares of Bank of New York Mellon by 134.2% during the 4th quarter. Merit Financial Group LLC now owns 7,034 shares of the bank's stock valued at $540,000 after acquiring an additional 4,030 shares during the last quarter. Sax Wealth Advisors LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $397,000. Finally, Sanibel Captiva Trust Company Inc. increased its holdings in shares of Bank of New York Mellon by 3.2% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 15,966 shares of the bank's stock valued at $1,227,000 after acquiring an additional 494 shares during the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 30,000 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $79.03, for a total transaction of $2,370,900.00. Following the sale, the executive vice president now owns 55,115 shares of the company's stock, valued at approximately $4,355,738.45. This trade represents a 35.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $77.50, for a total value of $437,177.50. Following the sale, the insider now directly owns 21,679 shares in the company, valued at $1,680,122.50. The trade was a 20.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,114 shares of company stock valued at $7,869,795. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada reissued 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. Citigroup increased their price objective on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Monday, March 24th. Wells Fargo & Company increased 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 report on Monday, March 3rd. Truist Financial lowered their price objective on Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI increased their price objective on Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.31.

Bank of New York Mellon Stock Performance

BK traded down $0.06 during midday trading on Friday, reaching $89.12. The company's stock had a trading volume of 2,974,022 shares, compared to its average volume of 4,064,956. The stock has a market cap of $63.76 billion, a P/E ratio of 15.34, a PEG ratio of 0.97 and a beta of 1.05. The company has a fifty day simple moving average of $81.87 and a 200 day simple moving average of $81.84. 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 twelve month low of $57.18 and a twelve month high of $90.63.

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. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.76 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. Research 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, April 21st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, April 21st. Bank of New York Mellon's payout ratio is presently 30.62%.

Bank of New York Mellon 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.