Ossiam Acquires 27,280 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Ossiam boosted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 79.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,812 shares of the bank's stock after acquiring an additional 27,280 shares during the quarter. Ossiam's holdings in Bank of New York Mellon were worth $4,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. McIlrath & Eck LLC increased its holdings in shares of Bank of New York Mellon by 3.8% during the 3rd quarter. McIlrath & Eck LLC now owns 6,860 shares of the bank's stock valued at $493,000 after acquiring an additional 254 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Bank of New York Mellon by 3.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,814 shares of the bank's stock worth $705,000 after acquiring an additional 345 shares during the period. World Investment Advisors LLC acquired a new stake in Bank of New York Mellon during the third quarter worth $2,617,000. Wilmington Savings Fund Society FSB raised its stake in shares of Bank of New York Mellon by 340.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 27,991 shares of the bank's stock valued at $2,011,000 after buying an additional 21,641 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Bank of New York Mellon by 7.1% during the 3rd quarter. Tidal Investments LLC now owns 33,764 shares of the bank's stock worth $2,426,000 after acquiring an additional 2,240 shares during the period. Hedge funds and other institutional investors own 85.31% of the company's stock.

Wall Street Analysts Forecast Growth

BK has been the subject of several recent analyst reports. UBS Group increased their price objective on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wolfe Research downgraded Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Barclays boosted their price objective on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their price target on Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.31.

Insider Activity

In related news, insider Kurtis R. Kurimsky sold 5,641 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $77.50, for a total value of $437,177.50. Following the transaction, the insider now owns 21,679 shares of the company's stock, valued at $1,680,122.50. This represents a 20.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catherine Keating sold 65,473 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $77.31, for a total value of $5,061,717.63. Following the transaction, the vice president now directly owns 87,542 shares in the company, valued at approximately $6,767,872.02. This represents a 42.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Bank of New York Mellon Trading Down 0.3 %

Shares of NYSE:BK traded down $0.22 during midday trading on Friday, reaching $78.51. The company's stock had a trading volume of 885,205 shares, compared to its average volume of 3,956,212. The firm has a 50 day moving average price of $81.89 and a two-hundred day moving average price of $80.43. The Bank of New York Mellon Co. has a fifty-two week low of $56.08 and a fifty-two week high of $90.34. The firm has a market capitalization of $56.36 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The bank reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. Bank of New York Mellon's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. As a group, analysts forecast that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 21st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, April 21st. Bank of New York Mellon's dividend payout ratio (DPR) is presently 30.62%.

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.