Czech National Bank Has $7.01 Million Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Czech National Bank lessened its holdings in shares of The Bank of New York Mellon Co. (NYSE:BKFree Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,699 shares of the bank’s stock after selling 1,416 shares during the quarter. Czech National Bank’s holdings in Bank of New York Mellon were worth $7,011,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BK. Quilter Plc acquired a new stake in shares of Bank of New York Mellon in the 1st quarter valued at about $446,850,000. Brown Brothers Harriman & Co. raised its stake in shares of Bank of New York Mellon by 97.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 609 shares of the bank’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Bank of New York Mellon in the 1st quarter valued at about $36,000. Addison Advisors LLC raised its stake in shares of Bank of New York Mellon by 603.2% in the 3rd quarter. Addison Advisors LLC now owns 879 shares of the bank’s stock valued at $37,000 after purchasing an additional 754 shares during the period. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Bank of New York Mellon in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 81.29% of the company’s stock.

Analyst Upgrades and Downgrades

BK has been the topic of several recent research reports. JPMorgan Chase & Co. raised Bank of New York Mellon from a “neutral” rating to an “overweight” rating and set a $54.50 price target on the stock in a research note on Monday, December 18th. Citigroup lifted their price target on Bank of New York Mellon from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. UBS Group raised their price objective on Bank of New York Mellon from $54.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley upgraded Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $52.00 to $62.00 in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.75.

View Our Latest Research Report on BK

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, VP Catherine Keating sold 4,498 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.81, for a total transaction of $246,535.38. Following the completion of the transaction, the vice president now directly owns 123,490 shares in the company, valued at $6,768,486.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Bank of New York Mellon news, VP Hanneke Smits sold 15,425 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $55.16, for a total transaction of $850,843.00. Following the sale, the vice president now owns 119,656 shares of the company’s stock, valued at $6,600,224.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Catherine Keating sold 4,498 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total transaction of $246,535.38. Following the sale, the vice president now directly owns 123,490 shares in the company, valued at approximately $6,768,486.90. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Bank of New York Mellon Stock Down 0.1 %

NYSE BK opened at $54.41 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The Bank of New York Mellon Co. has a 1-year low of $39.65 and a 1-year high of $56.42. The company has a 50 day moving average of $55.04 and a 200-day moving average of $49.13. The company has a market cap of $40.96 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.15 and a beta of 1.11.

Bank of New York Mellon (NYSE:BKGet Free Report) last released its quarterly earnings results on Friday, January 12th. The bank reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. Bank of New York Mellon had a net margin of 10.01% and a return on equity of 11.63%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that The Bank of New York Mellon Co. will post 5.26 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Monday, January 22nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $1.68 annualized dividend and a yield of 3.09%. Bank of New York Mellon’s dividend payout ratio is currently 42.32%.

Bank of New York Mellon Profile

(Free Report)

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.

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

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