Bank Of New York Mellon Corporation (The) (BK) Shares Bought by Capital Bank & Trust Co

Capital Bank & Trust Co lifted its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 73.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,755,122 shares of the bank’s stock after purchasing an additional 742,148 shares during the quarter. Bank Of New York Mellon accounts for 1.2% of Capital Bank & Trust Co’s portfolio, making the stock its 26th largest position. Capital Bank & Trust Co owned about 0.17% of Bank Of New York Mellon worth $93,057,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Country Trust Bank raised its stake in shares of Bank Of New York Mellon by 4.1% in the third quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock valued at $32,132,000 after purchasing an additional 23,683 shares in the last quarter. Toronto Dominion Bank grew its position in Bank Of New York Mellon by 24.7% in the second quarter. Toronto Dominion Bank now owns 364,150 shares of the bank’s stock valued at $18,577,000 after acquiring an additional 72,058 shares during the period. MUFG Americas Holdings Corp grew its position in Bank Of New York Mellon by 5.3% in the second quarter. MUFG Americas Holdings Corp now owns 263,993 shares of the bank’s stock valued at $13,469,000 after acquiring an additional 13,228 shares during the period. Sei Investments Co. grew its position in Bank Of New York Mellon by 7.4% in the third quarter. Sei Investments Co. now owns 1,020,622 shares of the bank’s stock valued at $54,102,000 after acquiring an additional 70,619 shares during the period. Finally, Dupont Capital Management Corp bought a new stake in Bank Of New York Mellon in the second quarter valued at $304,000. Institutional investors and hedge funds own 82.83% of the company’s stock.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at $54.67 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $55,983.28, a price-to-earnings ratio of 15.76, a PEG ratio of 1.99 and a beta of 1.22. Bank Of New York Mellon Corporation has a 1-year low of $43.85 and a 1-year high of $55.40.

Bank Of New York Mellon (NYSE:BK) last announced its earnings results on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. research analysts expect that Bank Of New York Mellon Corporation will post 3.54 EPS for the current fiscal year.

In other news, Director Trian Fund Management, L.P. sold 5,798,725 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $52.42, for a total transaction of $303,969,164.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward P. Garden sold 1,031,157 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $53.13, for a total value of $54,785,371.41. The disclosure for this sale can be found here. Insiders have sold 7,708,334 shares of company stock worth $404,956,863 in the last 90 days. Company insiders own 3.60% of the company’s stock.

A number of analysts have weighed in on the company. ValuEngine upgraded Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Citigroup reiterated a “neutral” rating and issued a $56.00 price target (up from $53.00) on shares of Bank Of New York Mellon in a research report on Monday, October 9th. Jefferies Group reiterated a “hold” rating on shares of Bank Of New York Mellon in a research report on Friday, October 20th. Credit Suisse Group reiterated a “hold” rating and issued a $55.00 price target on shares of Bank Of New York Mellon in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Bank Of New York Mellon from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Bank Of New York Mellon presently has a consensus rating of “Hold” and an average target price of $55.28.

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Bank Of New York Mellon Company Profile

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

Institutional Ownership by Quarter for Bank Of New York Mellon (NYSE:BK)

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