The Bank of New York Mellon Co. (NYSE:BK) VP Catherine Keating Sells 54,070 Shares

The Bank of New York Mellon Co. (NYSE:BK - Get Free Report) VP Catherine Keating sold 54,070 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $54.88, for a total transaction of $2,967,361.60. Following the transaction, the vice president now directly owns 78,350 shares in the company, valued at $4,299,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Catherine Keating also recently made the following trade(s):

• On Thursday, February 8th, Catherine Keating sold 4,498 shares of Bank of New York Mellon stock. The shares were sold at an average price of $54.81, for a total value of $246,535.38.

Bank of New York Mellon Price Performance

BK stock traded up $0.87 during mid-day trading on Monday, reaching $57.16. 2,936,326 shares of the company traded hands, compared to its average volume of 4,010,902. The Bank of New York Mellon Co. has a 52-week low of $39.65 and a 52-week high of $58.28. The company has a market capitalization of $43.03 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.72. The company has a fifty day moving average price of $55.79 and a 200-day moving average price of $51.48.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Tuesday, April 16th. The bank reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.10. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.39 billion. Bank of New York Mellon had a net margin of 9.48% and a return on equity of 11.80%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. As a group, analysts anticipate that The Bank of New York Mellon Co. will post 5.42 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Friday, April 26th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, April 25th. Bank of New York Mellon's dividend payout ratio (DPR) is currently 40.98%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $28,000. Kathleen S. Wright Associates Inc. purchased a new position in Bank of New York Mellon in the 1st quarter worth $32,000. Able Wealth Management LLC bought a new stake in Bank of New York Mellon in the fourth quarter worth $32,000. Hartford Financial Management Inc. grew its stake in shares of Bank of New York Mellon by 41.4% during the fourth quarter. Hartford Financial Management Inc. now owns 625 shares of the bank's stock valued at $33,000 after buying an additional 183 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Bank of New York Mellon by 159.2% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the bank's stock worth $45,000 after purchasing an additional 527 shares during the period. Institutional investors own 85.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Bank of New York Mellon from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday. Jefferies Financial Group boosted their price objective on Bank of New York Mellon from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. Bank of America raised their target price on Bank of New York Mellon from $64.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. UBS Group upped their price target on Bank of New York Mellon from $54.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, January 9th. Finally, Citigroup lifted their price objective on shares of Bank of New York Mellon from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $60.17.

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.