Vise Technologies Inc. Increases Position in The Bank of New York Mellon Co. (NYSE:BK)

Vise Technologies Inc. increased its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 32.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,805 shares of the bank's stock after purchasing an additional 2,880 shares during the quarter. Vise Technologies Inc.'s holdings in Bank of New York Mellon were worth $907,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC acquired a new stake in Bank of New York Mellon in the 4th quarter valued at about $25,000. Bellwether Advisors LLC purchased a new position in shares of Bank of New York Mellon in the 4th quarter valued at approximately $28,000. Transce3nd LLC purchased a new position in shares of Bank of New York Mellon in the 4th quarter valued at approximately $33,000. South Plains Financial Inc. purchased a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $34,000. Finally, Graney & King LLC purchased a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $35,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Bank of New York Mellon Stock Performance

Bank of New York Mellon stock traded down $0.80 during trading hours on Friday, hitting $88.27. The company had a trading volume of 1,218,938 shares, compared to its average volume of 4,059,723. The Bank of New York Mellon Co. has a one year low of $57.18 and a one year high of $90.63. The firm has a 50-day moving average of $82.29 and a 200 day moving average of $82.13. The firm has a market cap of $63.15 billion, a PE ratio of 15.19, a PEG ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. On average, sell-side 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Monday, April 21st were given a $0.47 dividend. The ex-dividend date was Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.13%. Bank of New York Mellon's dividend payout ratio is currently 30.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BK. Evercore ISI boosted their price target on Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Morgan Stanley cut their price target on Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wall Street Zen cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised their target price 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. Finally, Truist Financial lowered Bank of New York Mellon from a "buy" rating to a "hold" rating and increased their price target for the company from $87.00 to $97.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average target price of $92.08.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Catherine Keating sold 65,473 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $77.31, for a total value of $5,061,717.63. Following the transaction, the vice president now owns 87,542 shares in the company, valued at $6,767,872.02. The trade was a 42.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $77.50, for a total transaction of $437,177.50. Following the completion of the transaction, the insider now owns 21,679 shares in the company, valued at approximately $1,680,122.50. The trade was a 20.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,114 shares of company stock worth $7,869,795 over the last quarter. Corporate insiders own 0.14% of the company's stock.

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.