OMERS ADMINISTRATION Corp Reduces Stock Position in The Bank of New York Mellon Co. (NYSE:BK)

OMERS ADMINISTRATION Corp reduced its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,063 shares of the bank's stock after selling 8,652 shares during the period. OMERS ADMINISTRATION Corp's holdings in Bank of New York Mellon were worth $3,846,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BK. Parvin Asset Management LLC acquired a new stake in Bank of New York Mellon during the 4th quarter worth about $25,000. Bellwether Advisors LLC acquired a new stake in Bank of New York Mellon during the 4th quarter worth about $28,000. Transce3nd LLC acquired a new stake in Bank of New York Mellon during the 4th quarter worth about $33,000. South Plains Financial Inc. acquired a new stake in Bank of New York Mellon during the 4th quarter worth about $34,000. Finally, Graney & King LLC acquired a new stake in Bank of New York Mellon during the 4th quarter worth about $35,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $90.00 target price on shares of Bank of New York Mellon in a report on Monday, March 17th. UBS Group raised 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. Evercore ISI lifted their target price on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Citigroup lifted their target price on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Monday, March 24th. Finally, Wells Fargo & Company increased their target price on shares of Bank of New York Mellon from $86.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.31.

Bank of New York Mellon Stock Up 0.2%

Bank of New York Mellon stock traded up $0.17 during mid-day trading on Monday, reaching $90.24. 1,041,001 shares of the company were exchanged, compared to its average volume of 4,023,034. The business has a fifty day moving average of $81.07 and a 200 day moving average of $81.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a market cap of $64.56 billion, a P/E ratio of 15.53, a PEG ratio of 0.97 and a beta of 1.05. The Bank of New York Mellon Co. has a 12-month low of $57.18 and a 12-month high of $90.50.

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. The firm 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 revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. Research analysts anticipate that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Monday, April 21st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.08%. The ex-dividend date was Monday, April 21st. Bank of New York Mellon's dividend payout ratio is currently 30.62%.

Insiders Place Their Bets

In other news, EVP J Kevin Mccarthy sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $79.03, for a total transaction of $2,370,900.00. Following the transaction, the executive vice president now directly owns 55,115 shares in the company, valued at $4,355,738.45. The trade was a 35.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Catherine Keating sold 65,473 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 87,542 shares in the company, valued at $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. In the last three months, insiders have sold 101,114 shares of company stock valued at $7,869,795. 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.