Hsbc Holdings PLC Trims Position in The Bank of New York Mellon Co. (NYSE:BK)

Hsbc Holdings PLC decreased its position in The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,452,750 shares of the bank's stock after selling 166,556 shares during the quarter. Hsbc Holdings PLC owned 0.34% of Bank of New York Mellon worth $188,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Czech National Bank boosted its position in shares of Bank of New York Mellon by 4.9% in the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock worth $12,112,000 after purchasing an additional 7,316 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Bank of New York Mellon by 11.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank's stock valued at $60,426,000 after purchasing an additional 82,671 shares during the period. Fifth Third Bancorp boosted its position in shares of Bank of New York Mellon by 9.2% during the fourth quarter. Fifth Third Bancorp now owns 94,046 shares of the bank's stock worth $7,226,000 after buying an additional 7,935 shares during the period. Natixis Advisors LLC grew its stake in Bank of New York Mellon by 6.5% during the 4th quarter. Natixis Advisors LLC now owns 285,965 shares of the bank's stock worth $21,971,000 after purchasing an additional 17,457 shares in the last quarter. Finally, Western Financial Corp CA acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth $342,000. 85.31% of the stock is owned by institutional investors.

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 that occurred on Monday, April 14th. The stock was sold at an average price of $77.31, for a total value of $5,061,717.63. Following the sale, the vice president now owns 87,542 shares in the company, valued at approximately $6,767,872.02. This represents a 42.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of Bank of New York Mellon stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $77.50, for a total value of $437,177.50. Following the completion of the transaction, the insider now owns 21,679 shares of the company's stock, valued at approximately $1,680,122.50. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Price Performance

BK traded up $0.10 on Monday, reaching $78.75. The company had a trading volume of 794,564 shares, compared to its average volume of 3,960,290. The company has a market cap of $56.54 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.97 and a beta of 1.03. The Bank of New York Mellon Co. has a 52-week low of $56.08 and a 52-week high of $90.34. The business has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $80.56. 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 data on Friday, April 11th. The bank reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on BK shares. Citigroup lifted their price objective on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, March 24th. Morgan Stanley reduced their price target on shares of Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $90.00 price target on shares of Bank of New York Mellon in a research note on Monday, March 17th. Finally, UBS Group upped their price target on shares of 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and a consensus price target of $91.31.

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.