Tradewinds LLC. The Securities and Exchange Commission's (SEC) most recent disclosure shows that the firm acquired 7,311 shares of the bank's stock, valued at approximately $332,000. The firm purchased 7,311 shares in the bank, worth approximately $332,000.
Other hedge funds and institutional investors also increased or decreased their stakes. Vanguard Group Inc. increased its holdings of Bank of New York Mellon during the third quarter by 1.8%. Vanguard Group Inc. owns now 67,626,336 of the bank’s stock, valued at $2 604,967,000, after buying an additional 1,183.130 shares during the last quarter. First Eagle Investment Management LLC increased its holdings of Bank of New York Mellon during the fourth quarter by 3.9%. First Eagle Investment Management LLC owns 17,130.608 shares worth $779.785,000, after buying an additional 647.934 shares during the last quarter. Geode Capital Management LLC increased its holdings of Bank of New York Mellon during the fourth quarter by 1.0%. Geode Capital Management LLC owns 15,074,935 of the bank’s stock, valued at $684.941,000, after buying an additional 144.887 shares during the fourth quarter. Norges Bank acquired a new position of $503,489,000 in Bank of New York Mellon. Victory Capital Management Inc. increased its holdings of Bank of New York Mellon during the fourth-quarter by 1.3%. Victory Capital Management Inc. owns 9,401.434 shares valued at $427.953,000, after buying an additional 122.471 shares during the last quarter. A number of analysts have published reports on BK's shares. In a report published on Wednesday, 19th April, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bank of New York Mellon. The new price goal is $41.00. In a research report published on Thursday 18th May, the company began to cover shares of Bank of New York Mellon. They gave the stock a rating of 'hold.' Wells Fargo & Company reduced their price target for shares of Bank of New York Mellon on Wednesday, April 19, from $52.00 down to $51.00. They also set an equal weight' ratings on the stock. Citigroup increased their price target for shares of Bank of New York Mellon in a Wednesday research note from $55.00 up to $58.00. Six analysts have given the stock a hold rating, while six others have given it a buy recommendation. MarketBeat.com reports that Bank of New York Mellon's consensus rating is 'Hold' with a consensus price target of $51.82.
Bank of New York Mellon Price performance
The stock opened Friday at $44.65. The company's debt-to equity ratio is 0.92. It has a current and quick ratios of 0.69, 0.69, 0.69. The company's moving average for the past 50 days is $42.56. Its moving average over the last two hundred days is $45.69. Bank of New York Mellon Co.'s 12 month low is $36.22 while its 12 month high is $52.26. The company has a market capitalization of $35.23 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07.
The last time the company announced its quarterly results was on April 18th. The bank's earnings per share were $1.12, exceeding analysts' expectations of $1.09 ($0.03) by $0.03. Bank of New York Mellon's net margin was 11.98%, and its return on equity was 11.45%. Revenue for the quarter was $4.36 billion, which is lower than analysts' expectations of $3.40 billion. In the same quarter last year, the company earned $0.86 per share. Revenue for the business was up 11.1% year-over-year. Analysts expect The Bank of New York Mellon Co. to post 4,74 earnings per share in the current year.
Bank of New York Mellon Announces a Dividend
A quarterly dividend was also declared by the business and paid out on May 11th. Dividends were paid to shareholders who had their shares in the company's records on Friday, 28th April. On an annualized base, this dividend represents $1.48 and a dividend rate of 3.31%. This dividend became payable on Thursday, April 27th. Bank of New York Mellon has a dividend payout ratio of 46.84%.
Bank of New York Mellon Company profile
The Bank of New York Mellon Corporation offers a wide range of financial services and products in the United States as well as internationally. Securities Services, Market and Wealth Services and Investment and Wealth Management are some of the company's segments. The Securities Services segment provides custody, trust and depository, accounting, exchange traded funds, middle office solutions, transfer agency services, services for real estate and private equity funds, foreign currency, securities lending, liquidity/lending, and data analytics.
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