PGGM Investments Has $6.77 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

PGGM Investments grew its holdings in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,022 shares of the bank's stock after buying an additional 35,497 shares during the quarter. PGGM Investments' holdings in Bank of New York Mellon were worth $6,768,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Hartford Financial Management Inc. raised its holdings in 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 worth $33,000 after purchasing an additional 183 shares during the last quarter. Addison Advisors LLC raised its holdings in Bank of New York Mellon by 603.2% during the third quarter. Addison Advisors LLC now owns 879 shares of the bank's stock worth $37,000 after purchasing an additional 754 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in Bank of New York Mellon during the third quarter worth $38,000. Blue Trust Inc. raised its holdings in Bank of New York Mellon by 159.2% during the fourth quarter. Blue Trust Inc. now owns 858 shares of the bank's stock worth $45,000 after purchasing an additional 527 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Bank of New York Mellon during the third quarter worth $49,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 40,000 shares of the company's stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $56.15, for a total value of $2,246,000.00. Following the completion of the sale, the executive vice president now owns 100,404 shares of the company's stock, valued at $5,637,684.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Catherine Keating sold 54,070 shares of Bank of New York Mellon 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 approximately $4,299,848. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP J Kevin Mccarthy sold 40,000 shares of Bank of New York Mellon stock in a transaction on Friday, April 19th. The shares were sold at an average price of $56.15, for a total value of $2,246,000.00. Following the transaction, the executive vice president now owns 100,404 shares in the company, valued at $5,637,684.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,568 shares of company stock valued at $5,459,897. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BK shares. Citigroup lifted their price objective on 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. UBS Group boosted 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. Evercore ISI boosted their price target on Bank of New York Mellon from $57.00 to $61.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. Morgan Stanley boosted their price target on Bank of New York Mellon from $62.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, April 18th. Finally, Bank of America boosted their price target on Bank of New York Mellon from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.17.

Bank of New York Mellon Trading Up 0.2 %

Shares of NYSE:BK traded up $0.14 during midday trading on Friday, reaching $57.32. The company's stock had a trading volume of 2,058,025 shares, compared to its average volume of 3,589,079. The firm has a market cap of $43.15 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The Bank of New York Mellon Co. has a 1 year low of $39.65 and a 1 year high of $58.28. The business has a 50 day moving average price of $56.01 and a 200 day moving average price of $51.91.

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

Bank of New York Mellon Announces Dividend

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

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.