The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,218 shares of the bank's stock after purchasing an additional 23,252 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Bank of New York Mellon were worth $4,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of BK. Massachusetts Financial Services Co. MA lifted its stake in shares of Bank of New York Mellon by 142.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,620,749 shares of the bank's stock valued at $69,125,000 after purchasing an additional 951,730 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bank of New York Mellon by 153.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,554,532 shares of the bank's stock valued at $80,913,000 after purchasing an additional 941,193 shares during the last quarter. Barclays PLC lifted its stake in Bank of New York Mellon by 30.0% during the 3rd quarter. Barclays PLC now owns 3,751,994 shares of the bank's stock worth $160,020,000 after acquiring an additional 866,548 shares in the last quarter. Northern Trust Corp lifted its stake in Bank of New York Mellon by 8.2% during the 3rd quarter. Northern Trust Corp now owns 9,453,880 shares of the bank's stock worth $403,208,000 after acquiring an additional 715,421 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in Bank of New York Mellon by 1,191.2% during the 3rd quarter. Bank of Nova Scotia now owns 749,193 shares of the bank's stock worth $31,953,000 after acquiring an additional 691,172 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Insider Activity

In related news, VP Catherine Keating sold 54,070 shares of the firm's stock in a transaction that occurred 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 owns 78,350 shares in the company, valued at approximately $4,299,848. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Bank of New York Mellon news, VP Catherine Keating sold 54,070 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 78,350 shares of the company's stock, valued at approximately $4,299,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurtis R. Kurimsky sold 6,215 shares of the 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 sale, the insider now directly owns 24,346 shares of the company's stock, valued at $1,410,363.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,928 shares of company stock worth $6,475,216. 0.14% of the stock is currently owned by insiders.

Bank of New York Mellon Stock Up 0.8 %

Shares of BK traded up $0.45 during mid-day trading on Wednesday, reaching $58.80. The company's stock had a trading volume of 2,710,547 shares, compared to its average volume of 3,817,114. The Bank of New York Mellon Co. has a 12-month low of $39.65 and a 12-month high of $58.94. The stock has a market cap of $43.97 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.71. The company's 50 day moving average is $56.48 and its 200 day moving average is $53.22.

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, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts anticipate that The Bank of New York Mellon Co. will post 5.45 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, April 26th were issued a $0.42 dividend. The ex-dividend date was Thursday, April 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.86%. Bank of New York Mellon's payout ratio is currently 40.98%.

Analysts Set New Price Targets

Several research firms recently issued reports on BK. 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 research note on Wednesday, March 27th. Bank of America increased their target price on Bank of New York Mellon from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Citigroup upped their price target 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. Evercore ISI upped 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. Finally, Morgan Stanley upped 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon presently has an average rating of "Moderate Buy" and an average target price of $60.17.

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.

Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of New York Mellon Co. (NYSE:BK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.