Dimensional Fund Advisors LP Purchases 223,867 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Dimensional Fund Advisors LP lifted its holdings in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,758,152 shares of the bank's stock after buying an additional 223,867 shares during the period. Dimensional Fund Advisors LP owned approximately 0.88% of Bank of New York Mellon worth $351,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartford Financial Management Inc. grew its holdings 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 during the period. Blue Trust Inc. raised its stake in shares of Bank of New York Mellon by 159.2% in the 4th quarter. Blue Trust Inc. now owns 858 shares of the bank's stock valued at $45,000 after acquiring an additional 527 shares during the period. Addison Advisors LLC raised its stake in shares of Bank of New York Mellon by 603.2% in the 3rd quarter. Addison Advisors LLC now owns 879 shares of the bank's stock valued at $37,000 after acquiring an additional 754 shares during the period. First Command Advisory Services Inc. purchased a new position in shares of Bank of New York Mellon during the 3rd quarter worth approximately $38,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Bank of New York Mellon during the 3rd quarter worth approximately $49,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BK shares. Royal Bank of Canada restated a "sector perform" rating and issued a $58.00 price objective on shares of Bank of New York Mellon in a report on Wednesday, March 27th. 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 report on Thursday, April 18th. Evercore ISI upped their price target 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. Citigroup boosted 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 research report on Wednesday, February 14th. Finally, Jefferies Financial Group increased their target price on shares of Bank of New York Mellon from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.17.

Bank of New York Mellon Price Performance

BK stock traded up $0.09 on Friday, reaching $58.44. The company had a trading volume of 3,255,507 shares, compared to its average volume of 3,681,222. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.72 and a current ratio of 0.71. The company's fifty day moving average is $56.39 and its 200 day moving average is $52.91. The company has a market cap of $43.70 billion, a P/E ratio of 14.25, a PEG ratio of 1.25 and a beta of 1.11. The Bank of New York Mellon Co. has a 1 year low of $39.65 and a 1 year high of $58.74.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings data on Tuesday, April 16th. The bank reported $1.29 EPS for the quarter, topping 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 period in the prior year, the firm posted $1.13 EPS. On average, research analysts forecast that The Bank of New York Mellon Co. will post 5.45 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Friday, April 26th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, April 25th. Bank of New York Mellon's dividend payout ratio (DPR) is 40.98%.

Insiders Place Their Bets

In other news, EVP J Kevin Mccarthy sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $56.15, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kurtis R. Kurimsky sold 6,215 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $57.93, for a total value of $360,034.95. Following the completion of the transaction, the insider now owns 24,346 shares in the company, valued at approximately $1,410,363.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP J Kevin Mccarthy sold 40,000 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold 115,928 shares of company stock worth $6,475,216 in the last quarter. 0.14% of the stock is owned by corporate insiders.

About Bank of New York Mellon

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.