Janus Henderson Group PLC Boosts Position in The Bank of New York Mellon Co. (NYSE:BK)

Janus Henderson Group PLC lifted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,273 shares of the bank's stock after purchasing an additional 22,179 shares during the period. Janus Henderson Group PLC's holdings in Bank of New York Mellon were worth $9,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Parvin Asset Management LLC acquired a new position in Bank of New York Mellon in the fourth quarter valued at approximately $25,000. Bellwether Advisors LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at $28,000. Transce3nd LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at $33,000. South Plains Financial Inc. acquired a new stake in Bank of New York Mellon in the fourth quarter worth $34,000. Finally, Graney & King LLC acquired a new stake in Bank of New York Mellon in the fourth quarter worth $35,000. Institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Stock Up 0.2%

Bank of New York Mellon stock traded up $0.20 during midday trading on Thursday, hitting $89.10. 996,296 shares of the stock were exchanged, compared to its average volume of 4,041,694. The Bank of New York Mellon Co. has a 52-week low of $57.18 and a 52-week high of $90.63. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The business's 50-day moving average price is $81.61 and its 200-day moving average price is $81.63. The stock has a market capitalization of $63.74 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 EPS. On average, research analysts expect 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 business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, April 21st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.11%. Bank of New York Mellon's payout ratio is currently 30.62%.

Insider Transactions at Bank of New York Mellon

In other news, VP Catherine Keating sold 65,473 shares of the stock in a transaction 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 transaction, the vice president now owns 87,542 shares in the company, valued at approximately $6,767,872.02. This represents a 42.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of Bank of New York Mellon stock in a transaction dated 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 now owns 55,115 shares of the company's stock, valued at $4,355,738.45. The trade was a 35.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,114 shares of company stock worth $7,869,795 in the last quarter. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BK. Wall Street Zen cut shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $90.00 price objective on shares of Bank of New York Mellon in a research note on Monday, March 17th. Evercore ISI boosted 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. Morgan Stanley cut their target price on Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup boosted their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.31.

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.