Ensign Peak Advisors Inc Has $828,000 Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Ensign Peak Advisors Inc lowered its position in shares of The Bank of New York Mellon Co. (NYSE:BK – Get Rating) by 92.0% during the third quarter, Holdings Channel reports. The fund owned 21,501 shares of the bank’s stock after selling 247,810 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Bank of New York Mellon were worth $828,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dodge & Cox grew its position in Bank of New York Mellon by 1.5% during the second quarter. Dodge & Cox now owns 58,774,502 shares of the bank’s stock valued at $2,451,484,000 after purchasing an additional 883,395 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Bank of New York Mellon by 16.4% during the second quarter. Artisan Partners Limited Partnership now owns 21,915,465 shares of the bank’s stock valued at $914,094,000 after purchasing an additional 3,087,942 shares in the last quarter. Victory Capital Management Inc. grew its position in Bank of New York Mellon by 13.8% during the third quarter. Victory Capital Management Inc. now owns 9,278,963 shares of the bank’s stock valued at $357,425,000 after purchasing an additional 1,127,786 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Bank of New York Mellon by 149.6% in the second quarter. Goldman Sachs Group Inc. now owns 8,104,949 shares of the bank’s stock worth $338,058,000 after acquiring an additional 4,857,962 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Bank of New York Mellon by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 5,988,952 shares of the bank’s stock worth $230,730,000 after acquiring an additional 110,488 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BK. The Goldman Sachs Group raised shares of Bank of New York Mellon from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, January 4th. Barclays boosted their target price on shares of Bank of New York Mellon from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bank of New York Mellon from $43.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, November 15th. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $47.00 to $49.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 1st. Finally, Bank of America began coverage on shares of Bank of New York Mellon in a research report on Thursday, January 12th. They issued a “buy” rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of “Hold” and an average target price of $52.19.

Bank of New York Mellon Price Performance

NYSE:BK opened at $44.12 on Tuesday. The stock has a market cap of $35.28 billion, a P/E ratio of 15.21, a PEG ratio of 1.22 and a beta of 1.11. The Bank of New York Mellon Co. has a one year low of $36.22 and a one year high of $53.63. The company has a fifty day moving average price of $49.78 and a 200 day moving average price of $45.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.66 and a quick ratio of 0.66.

Bank of New York Mellon (NYSE:BK – Get Rating) last released its earnings results on Friday, January 13th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Bank of New York Mellon had a net margin of 12.87% and a return on equity of 10.78%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Analysts anticipate that The Bank of New York Mellon Co. will post 4.83 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 3rd. Investors of record on Monday, January 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.35%. The ex-dividend date was Friday, January 20th. Bank of New York Mellon’s payout ratio is currently 51.03%.

Bank of New York Mellon Profile

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The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segment. The Securities Services segment includes Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data and analytics solutions.