The Bank of New York Mellon Co. (NYSE:BK) Holdings Decreased by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,506 shares of the bank's stock after selling 50,003 shares during the period. Great Lakes Advisors LLC's holdings in Bank of New York Mellon were worth $2,160,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Bank of New York Mellon in the fourth quarter valued at $28,000. Hartford Financial Management Inc. grew its holdings in shares of Bank of New York Mellon by 41.4% in the 4th quarter. Hartford Financial Management Inc. now owns 625 shares of the bank's stock worth $33,000 after acquiring an additional 183 shares during the last quarter. Addison Advisors LLC lifted its position 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 in the last quarter. First Command Advisory Services Inc. purchased a new position in Bank of New York Mellon during the 3rd quarter valued at about $38,000. Finally, Blue Trust Inc. lifted its position 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 buying an additional 527 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Catherine Keating sold 54,070 shares of the business's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $54.88, for a total value of $2,967,361.60. Following the completion of the sale, the vice president now 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 is accessible through the SEC website. In other news, EVP J Kevin Mccarthy sold 40,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 100,404 shares in the company, valued at $5,637,684.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catherine Keating sold 54,070 shares of the stock in a transaction dated Thursday, April 18th. The shares were 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 owns 78,350 shares of the company's stock, valued at approximately $4,299,848. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,928 shares of company stock valued at $6,475,216. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Stock Up 0.2 %

Shares of BK stock traded up $0.14 on Tuesday, hitting $59.09. 2,557,909 shares of the stock were exchanged, compared to its average volume of 3,763,285. The business has a 50-day moving average of $56.83 and a 200 day moving average of $53.76. The Bank of New York Mellon Co. has a fifty-two week low of $39.66 and a fifty-two week high of $59.70. The firm has a market capitalization of $44.19 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.11. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.90.

Bank of New York Mellon (NYSE:BK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The bank reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.10. Bank of New York Mellon had a net margin of 9.48% and a return on equity of 11.80%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period last year, the company earned $1.13 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that The Bank of New York Mellon Co. will post 5.45 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Friday, April 26th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.84%. Bank of New York Mellon's payout ratio is presently 40.98%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BK. Evercore ISI upped their price objective on shares of 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. Royal Bank of Canada restated a "sector perform" rating and issued a $58.00 target price on shares of Bank of New York Mellon in a research note on Wednesday, March 27th. Jefferies Financial Group increased 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. Morgan Stanley boosted their price target on shares of Bank of New York Mellon from $62.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, April 18th. Finally, Citigroup raised their target price on Bank of New York Mellon from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.