The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Vident Advisory LLC

Vident Advisory LLC cut its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,430 shares of the bank's stock after selling 3,915 shares during the quarter. Vident Advisory LLC's holdings in Bank of New York Mellon were worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its holdings in Bank of New York Mellon by 11.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock worth $60,426,000 after buying an additional 82,671 shares during the period. Fifth Third Bancorp raised its holdings in Bank of New York Mellon by 9.2% in the 4th quarter. Fifth Third Bancorp now owns 94,046 shares of the bank's stock worth $7,226,000 after purchasing an additional 7,935 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Bank of New York Mellon by 6.5% in the 4th quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock worth $21,971,000 after purchasing an additional 17,457 shares during the period. Western Financial Corp CA bought a new stake in shares of Bank of New York Mellon during the 4th quarter valued at about $342,000. Finally, NEOS Investment Management LLC increased its position in shares of 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 valued at $3,584,000 after buying an additional 11,200 shares during the period. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Stock Down 0.1%

NYSE BK traded down $0.06 on Monday, reaching $89.12. 2,974,022 shares of the stock traded hands, compared to its average volume of 4,064,956. The company has a market cap of $63.76 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The Bank of New York Mellon Co. has a 12 month low of $57.18 and a 12 month high of $90.63. The company has a fifty day moving average price of $81.87 and a 200-day moving average price of $81.87.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted 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. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. As a group, research 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 Announces Dividend

The firm also recently announced 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 of this dividend was Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.11%. Bank of New York Mellon's dividend payout ratio is presently 30.62%.

Analyst Ratings Changes

A number of research analysts have weighed in on BK shares. Wall Street Zen downgraded Bank of New York Mellon from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Citigroup lifted their price target on Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, March 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 price target on shares of Bank of New York Mellon in a research note on Monday, March 17th. Wells Fargo & Company boosted their price objective on shares of 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. Finally, Truist Financial dropped their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.31.

Insiders Place Their Bets

In related news, VP Catherine Keating sold 65,473 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $6,767,872.02. The trade was a 42.79% decrease in their ownership of the stock. 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 the firm's stock in a transaction 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 transaction, 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 position. 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.

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.