CVA Family Office LLC Purchases New Position in The Bank of New York Mellon Co. (NYSE:BK)

CVA Family Office LLC acquired a new stake in The Bank of New York Mellon Co. (NYSE:BKFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,269 shares of the bank’s stock, valued at approximately $66,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in Bank of New York Mellon by 21.9% in the fourth quarter. Raymond James & Associates now owns 573,982 shares of the bank’s stock valued at $29,876,000 after acquiring an additional 102,983 shares during the last quarter. Butensky & Cohen Financial Security Inc. grew its holdings in Bank of New York Mellon by 0.7% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 99,470 shares of the bank’s stock worth $5,177,000 after acquiring an additional 688 shares during the period. AustralianSuper Pty Ltd bought a new position in shares of Bank of New York Mellon in the 4th quarter worth about $8,828,000. LVW Advisors LLC lifted its stake in shares of Bank of New York Mellon by 113.4% in the 4th quarter. LVW Advisors LLC now owns 11,011 shares of the bank’s stock valued at $573,000 after purchasing an additional 5,851 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Bank of New York Mellon by 17.7% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,856 shares of the bank’s stock valued at $97,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling at Bank of New York Mellon

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

Bank of New York Mellon Price Performance

Shares of NYSE BK opened at $56.93 on Thursday. The Bank of New York Mellon Co. has a fifty-two week low of $39.65 and a fifty-two week high of $57.45. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day simple moving average is $55.38 and its 200 day simple moving average is $49.75. The stock has a market cap of $42.86 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.20 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 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. Bank of New York Mellon had a return on equity of 11.63% and a net margin of 10.01%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm posted $1.30 EPS. Bank of New York Mellon’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts anticipate 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 $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, January 19th. Bank of New York Mellon’s payout ratio is 42.32%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BK. 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. UBS Group increased their target price on shares of Bank of New York Mellon from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Citigroup lifted their price target on shares of 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. Morgan Stanley raised shares of Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $52.00 to $62.00 in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $58.00 target price on shares of Bank of New York Mellon in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Hold” and a consensus target price of $55.65.

Check Out Our Latest Analysis on Bank of New York Mellon

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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