Unique Wealth Strategies LLC Makes New Investment in The Bank of New York Mellon Co. (NYSE:BK)

Unique Wealth Strategies LLC bought a new position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,071 shares of the bank's stock, valued at approximately $732,000.

Other large investors also recently made changes to their positions in the company. Hartford Financial Management Inc. raised its stake in shares of Bank of New York Mellon by 41.4% during the 4th quarter. Hartford Financial Management Inc. now owns 625 shares of the bank's stock worth $33,000 after purchasing an additional 183 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Bank of New York Mellon by 603.2% during the 3rd quarter. Addison Advisors LLC now owns 879 shares of the bank's stock worth $37,000 after purchasing an additional 754 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Bank of New York Mellon during the 3rd quarter worth approximately $38,000. Blue Trust Inc. raised its stake in shares of Bank of New York Mellon by 159.2% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the bank's stock worth $45,000 after purchasing an additional 527 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Bank of New York Mellon during the 3rd quarter worth approximately $49,000. Institutional investors own 85.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Bank of New York Mellon from $62.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 18th. Royal Bank of Canada reissued a "sector perform" rating and set a $58.00 target price on shares of Bank of New York Mellon in a report on Wednesday, March 27th. Jefferies Financial Group boosted their target price on Bank of New York Mellon from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. UBS Group boosted their target price 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, Evercore ISI upped their price objective on Bank of New York Mellon from $57.00 to $61.00 and gave the company an "in-line" rating in a report on Thursday, April 4th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Bank of New York Mellon presently has an average rating of "Moderate Buy" and an average target price of $60.17.

Bank of New York Mellon Trading Up 0.2 %

NYSE BK traded up $0.14 during trading hours on Friday, hitting $57.32. 2,058,025 shares of the company's stock were exchanged, compared to its average volume of 3,589,079. The stock has a 50-day simple moving average of $56.01 and a 200 day simple moving average of $51.84. The Bank of New York Mellon Co. has a 1-year low of $39.65 and a 1-year high of $58.28. The firm has a market cap of $43.15 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.23 and a beta of 1.12. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.90.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its earnings results on Tuesday, April 16th. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.19 by $0.10. Bank of New York Mellon had a return on equity of 11.80% and a net margin of 9.48%. The business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.39 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that The Bank of New York Mellon Co. will post 5.43 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 26th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.93%. Bank of New York Mellon's dividend payout ratio (DPR) is presently 40.98%.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Catherine Keating sold 4,498 shares of Bank of New York Mellon stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total transaction of $246,535.38. Following the sale, the vice president now directly owns 123,490 shares in the company, valued at $6,768,486.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP J Kevin Mccarthy sold 40,000 shares of Bank of New York Mellon stock in a transaction on Friday, April 19th. The stock was sold at an average price of $56.15, for a total transaction of $2,246,000.00. Following the sale, the executive vice president now directly owns 100,404 shares in the company, valued at $5,637,684.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Catherine Keating sold 4,498 shares of Bank of New York Mellon stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total value of $246,535.38. Following the sale, the vice president now owns 123,490 shares in the company, valued at $6,768,486.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,568 shares of company stock valued at $5,459,897. Company 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.