The Bank of New York Mellon Co. (NYSE:BK) Stock Holdings Lifted by MML Investors Services LLC

MML Investors Services LLC increased its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 238,509 shares of the bank's stock after purchasing an additional 62,952 shares during the period. MML Investors Services LLC's holdings in Bank of New York Mellon were worth $18,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its holdings in Bank of New York Mellon by 3.8% in the 3rd quarter. McIlrath & Eck LLC now owns 6,860 shares of the bank's stock worth $493,000 after buying an additional 254 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Bank of New York Mellon by 3.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,814 shares of the bank's stock worth $705,000 after buying an additional 345 shares in the last quarter. World Investment Advisors LLC acquired a new position in Bank of New York Mellon in the 3rd quarter worth $2,617,000. Wilmington Savings Fund Society FSB lifted its holdings in Bank of New York Mellon by 340.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 27,991 shares of the bank's stock worth $2,011,000 after buying an additional 21,641 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in Bank of New York Mellon by 7.1% in the 3rd quarter. Tidal Investments LLC now owns 33,764 shares of the bank's stock worth $2,426,000 after buying an additional 2,240 shares in the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BK has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 target price on shares of Bank of New York Mellon in a research note on Monday, March 17th. Evercore ISI upped their target price on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Bank of America upped their target price on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, Wolfe Research lowered shares of Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.31.

Insider Buying and Selling

In related news, VP Catherine Keating sold 65,473 shares of Bank of New York Mellon stock in a transaction on Monday, April 14th. The stock was sold at an average price of $77.31, for a total value of $5,061,717.63. Following the transaction, the vice president now directly owns 87,542 shares in the company, valued at $6,767,872.02. The trade was a 42.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction on Monday, April 14th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock traded down $0.05 on Friday, hitting $78.67. The company had a trading volume of 2,507,972 shares, compared to its average volume of 3,972,694. The business has a 50-day simple moving average of $81.68 and a 200-day simple moving average of $80.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The company has a market cap of $56.48 billion, a PE ratio of 13.54, a PEG ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a 52 week low of $56.08 and a 52 week high of $90.34.

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 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.68% and a net margin of 11.35%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 21st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, April 21st. Bank of New York Mellon's payout ratio is 30.62%.

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.