The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,576 shares of the bank's stock after selling 3,796 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Bank of New York Mellon were worth $16,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Transce3nd LLC purchased a new stake in shares of Bank of New York Mellon during the 4th quarter worth approximately $33,000. Graney & King LLC bought a new stake in Bank of New York Mellon in the 4th quarter worth approximately $35,000. Centricity Wealth Management LLC bought a new stake in Bank of New York Mellon in the 4th quarter worth $39,000. TCTC Holdings LLC raised its stake in shares of Bank of New York Mellon by 257.5% during the fourth quarter. TCTC Holdings LLC now owns 597 shares of the bank's stock valued at $46,000 after acquiring an additional 430 shares during the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Bank of New York Mellon in the fourth quarter worth about $49,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Price Performance

Shares of NYSE:BK traded down $0.67 during mid-day trading on Wednesday, reaching $79.37. The stock had a trading volume of 931,692 shares, compared to its average volume of 3,958,937. The company has a market cap of $56.99 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.03. The business's 50 day moving average price is $81.35 and its 200 day moving average price is $80.59. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Co. has a 1 year low of $56.08 and a 1 year high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.76 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. Research analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, April 21st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, April 21st. Bank of New York Mellon's dividend payout ratio is currently 30.62%.

Analysts Set New Price Targets

BK has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Truist Financial dropped their target price on shares of Bank of New York Mellon from $90.00 to $87.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group lifted their price target on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of Bank of New York Mellon from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Wolfe Research cut Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Bank of New York Mellon has a consensus rating of "Moderate Buy" and a consensus target price of $91.31.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, VP Catherine Keating sold 65,473 shares of the company'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 $6,767,872.02. This represents a 42.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the company's 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 completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

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.