Wolf Group Capital Advisors Has $2.32 Million Stake in The Bank of New York Mellon Corporation (NYSE:BK)

Wolf Group Capital Advisors lowered its stake in The Bank of New York Mellon Corporation (NYSE:BK - Free Report) by 20.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,621 shares of the bank's stock after selling 7,130 shares during the quarter. Wolf Group Capital Advisors' holdings in Bank of New York Mellon were worth $2,317,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its position in shares of Bank of New York Mellon by 11.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock worth $60,426,000 after purchasing an additional 82,671 shares in the last quarter. Natixis Advisors LLC increased its holdings in Bank of New York Mellon by 6.5% during the fourth quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock worth $21,971,000 after buying an additional 17,457 shares during the last quarter. Benson Investment Management Company Inc. acquired a new position in Bank of New York Mellon during the first quarter worth $5,259,000. Merit Financial Group LLC increased its holdings in Bank of New York Mellon by 89.0% during the first quarter. Merit Financial Group LLC now owns 13,296 shares of the bank's stock worth $1,115,000 after buying an additional 6,262 shares during the last quarter. Finally, NEOS Investment Management LLC increased its holdings in Bank of New York Mellon by 31.6% during the fourth quarter. NEOS Investment Management LLC now owns 46,647 shares of the bank's stock worth $3,584,000 after buying an additional 11,200 shares during the last quarter. Institutional investors own 85.31% of the company's stock.

Analyst Upgrades and Downgrades

BK has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of 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. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $94.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, June 3rd. Citigroup boosted their target price on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Monday, March 24th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $90.00 price objective on shares of Bank of New York Mellon in a report on Monday, March 17th. Finally, Evercore ISI upped their price objective on shares of 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and an average price target of $91.85.

Bank of New York Mellon Stock Performance

Shares of BK stock traded up $1.72 on Thursday, hitting $91.49. The company's stock had a trading volume of 5,006,789 shares, compared to its average volume of 4,082,562. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.69 and a current ratio of 0.69. The stock's 50 day moving average is $84.93 and its 200-day moving average is $83.10. The Bank of New York Mellon Corporation has a fifty-two week low of $58.19 and a fifty-two week high of $92.08. The company has a market capitalization of $65.46 billion, a PE ratio of 14.90, a PEG ratio of 1.02 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results 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 net margin of 11.78% and a return on equity of 12.96%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same period in the prior year, the company posted $1.29 earnings per share. Bank of New York Mellon's revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Monday, April 21st were paid a $0.47 dividend. The ex-dividend date was Monday, April 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.05%. Bank of New York Mellon's dividend payout ratio (DPR) is presently 30.62%.

Insider Activity at Bank of New York Mellon

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $79.03, for a total value of $2,370,900.00. Following the transaction, the executive vice president now directly owns 55,115 shares in the company, valued at approximately $4,355,738.45. This represents a 35.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.50, for a total transaction of $437,177.50. Following the sale, the insider now owns 21,679 shares in the company, valued at $1,680,122.50. The trade was a 20.65% 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 worth $7,869,795. Corporate insiders own 0.14% of the company's stock.

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.