The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 171.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,341 shares of the bank's stock after acquiring an additional 67,209 shares during the period. Trexquant Investment LP's holdings in Bank of New York Mellon were worth $5,535,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth about $813,701,000. Massachusetts Financial Services Co. MA boosted its holdings 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 worth $69,125,000 after acquiring an additional 951,730 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bank of New York Mellon by 153.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,554,532 shares of the bank's stock worth $80,913,000 after acquiring an additional 941,193 shares during the last quarter. Barclays PLC increased its holdings 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 valued at $160,020,000 after purchasing an additional 866,548 shares in the last quarter. Finally, Northern Trust Corp grew its holdings 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 during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BK has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on Bank of New York Mellon from $57.00 to $61.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. Bank of America upped their price target on shares of Bank of New York Mellon from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. Jefferies Financial Group lifted their price objective on shares of Bank of New York Mellon from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. Royal Bank of Canada reiterated a "sector perform" rating and set a $58.00 price target on shares of Bank of New York Mellon in a report on Wednesday, March 27th. Finally, Citigroup lifted their price target on shares of 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.17.

Insider Activity

In other news, VP Catherine Keating sold 54,070 shares of Bank of New York Mellon stock in a transaction dated 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 of the company's stock, valued at approximately $4,299,848. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Kurtis R. Kurimsky sold 6,215 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were 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 in the company, valued at approximately $1,410,363.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the vice president now directly owns 78,350 shares of the company's stock, valued at approximately $4,299,848. The disclosure for this sale can be found here. Insiders sold 115,928 shares of company stock valued at $6,475,216 over the last three months. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Trading Down 0.2 %

Shares of NYSE BK traded down $0.11 during mid-day trading on Wednesday, hitting $58.97. The stock had a trading volume of 3,219,916 shares, compared to its average volume of 3,757,796. The firm has a market cap of $44.10 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 1.21 and a beta of 1.11. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50 day moving average price of $56.83 and a two-hundred day moving average price of $53.76. The Bank of New York Mellon Co. has a 1 year low of $39.66 and a 1 year high of $59.70.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Tuesday, April 16th. The bank reported $1.29 earnings per share 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 firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Friday, April 26th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, April 25th. Bank of New York Mellon's dividend payout ratio (DPR) is 40.98%.

Bank of New York Mellon Company 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.