Voya Investment Management LLC Acquires 68,653 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Voya Investment Management LLC increased its stake in shares of The Bank of New York Mellon Co. (NYSE:BK - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,486,961 shares of the bank's stock after purchasing an additional 68,653 shares during the quarter. Voya Investment Management LLC owned approximately 0.20% of Bank of New York Mellon worth $114,243,000 as of its most recent filing with the Securities and Exchange Commission.

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

Bank of New York Mellon Stock Down 1.0 %

NYSE:BK traded down $0.82 during trading hours on Wednesday, hitting $79.22. 1,026,208 shares of the stock traded hands, compared to its average volume of 3,959,506. The firm has a 50 day moving average price of $81.35 and a 200 day moving average price of $80.59. The firm has a market cap of $56.88 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.97 and a beta of 1.03. 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 company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK - Get Free Report) last issued its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently announced 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 is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a yield of 2.37%. Bank of New York Mellon's dividend payout ratio (DPR) is currently 30.62%.

Wall Street Analysts Forecast Growth

BK has been the subject of a number of analyst reports. Evercore ISI upped their price target on Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Wells Fargo & Company upped 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 note on Monday, March 3rd. UBS Group increased their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $90.00 price objective on shares of Bank of New York Mellon in a report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.31.

Insider Transactions at Bank of New York Mellon

In other 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 directly 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 on Monday, April 14th. The shares were sold at an average price of $77.50, for a total value of $437,177.50. Following the transaction, the insider now directly owns 21,679 shares of the company's stock, valued at approximately $1,680,122.50. The trade was 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 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.