Yeomans Consulting Group Inc. Invests $286,000 in The Bank of New York Mellon Corporation (NYSE:BK)

Yeomans Consulting Group Inc. bought a new stake in The Bank of New York Mellon Corporation (NYSE:BK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,416 shares of the bank's stock, valued at approximately $286,000.

Several other large investors also recently bought and sold shares of BK. Capital Analysts LLC boosted its stake in shares of Bank of New York Mellon by 3.7% during the fourth quarter. Capital Analysts LLC now owns 3,317 shares of the bank's stock valued at $255,000 after acquiring an additional 119 shares during the last quarter. Syon Capital LLC boosted its stake in shares of Bank of New York Mellon by 2.5% during the fourth quarter. Syon Capital LLC now owns 5,432 shares of the bank's stock valued at $417,000 after acquiring an additional 132 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Bank of New York Mellon by 1.1% during the first quarter. Parallel Advisors LLC now owns 12,589 shares of the bank's stock valued at $1,056,000 after acquiring an additional 139 shares during the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of Bank of New York Mellon by 4.7% during the first quarter. Quotient Wealth Partners LLC now owns 3,171 shares of the bank's stock valued at $266,000 after acquiring an additional 141 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in Bank of New York Mellon by 1.1% in the 1st quarter. Valmark Advisers Inc. now owns 12,821 shares of the bank's stock worth $1,075,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Insider Buying and Selling

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 55,115 shares in the company, valued at $4,355,738.45. This represents a 35.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on BK shares. Evercore ISI raised their price target on Bank of New York Mellon from $88.00 to $90.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised their price target on Bank of New York Mellon from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Truist Financial raised their price target on Bank of New York Mellon from $97.00 to $100.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Citigroup lifted their price objective on Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, March 24th. Finally, Morgan Stanley lifted their price objective on Bank of New York Mellon from $95.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.38.

Bank of New York Mellon Stock Performance

Shares of NYSE BK traded up $0.43 during trading on Monday, reaching $99.27. The stock had a trading volume of 658,659 shares, compared to its average volume of 4,120,106. The Bank of New York Mellon Corporation has a one year low of $60.93 and a one year high of $99.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.69 and a current ratio of 0.72. The stock has a market cap of $71.02 billion, a PE ratio of 15.15, a P/E/G ratio of 0.97 and a beta of 1.07. The firm's 50 day moving average price is $90.84 and its two-hundred day moving average price is $85.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The bank reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.21. Bank of New York Mellon had a return on equity of 13.46% and a net margin of 12.27%. The business had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the previous year, the business earned $1.51 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Friday, July 25th will be paid a dividend of $0.53 per share. This is an increase from Bank of New York Mellon's previous quarterly dividend of $0.47. This represents a $2.12 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, July 25th. Bank of New York Mellon's dividend payout ratio is presently 28.70%.

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.