First Quadrant L P CA boosted its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1,459.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,688 shares of the bank’s stock after buying an additional 176,588 shares during the period. First Quadrant L P CA’s holdings in Bank Of New York Mellon Corporation (The) were worth $10,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BK. First Interstate Bank raised its holdings in shares of Bank Of New York Mellon Corporation (The) by 56.2% during the second quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock valued at $119,000 after purchasing an additional 842 shares during the period. Exane Derivatives acquired a new position in shares of Bank Of New York Mellon Corporation (The) during the second quarter valued at about $130,000. Hudock Capital Group LLC raised its holdings in shares of Bank Of New York Mellon Corporation (The) by 0.3% during the second quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock valued at $130,000 after purchasing an additional 7 shares during the period. Advisory Services Network LLC raised its holdings in shares of Bank Of New York Mellon Corporation (The) by 15.5% during the second quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock valued at $138,000 after purchasing an additional 363 shares during the period. Finally, Burt Wealth Advisors raised its holdings in shares of Bank Of New York Mellon Corporation (The) by 2,186.7% during the second quarter. Burt Wealth Advisors now owns 2,744 shares of the bank’s stock valued at $139,000 after purchasing an additional 2,624 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

In related news, Chairman Gerald L. Hassell sold 700,719 shares of Bank Of New York Mellon Corporation (The) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $53.91, for a total transaction of $37,775,761.29. Following the completion of the transaction, the chairman now directly owns 1,253,522 shares of the company’s stock, valued at approximately $67,577,371.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Trian Fund Management, L.P. sold 5,798,725 shares of Bank Of New York Mellon Corporation (The) stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $52.42, for a total transaction of $303,969,164.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,761,019 shares of company stock valued at $939,813,259. 3.60% of the stock is currently owned by corporate insiders.

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BK has been the topic of several research reports. UBS AG lowered shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday, July 11th. Bank of America Corporation set a $52.00 price objective on shares of Bank Of New York Mellon Corporation (The) and gave the company a “sell” rating in a report on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Bank Of New York Mellon Corporation (The) presently has an average rating of “Hold” and an average target price of $55.28.

Bank Of New York Mellon Corporation (NYSE BK) traded up 0.06% during midday trading on Tuesday, hitting $51.68. 401,278 shares of the company were exchanged. The firm has a market capitalization of $53.39 billion, a PE ratio of 15.33 and a beta of 1.15. Bank Of New York Mellon Corporation has a 1-year low of $42.73 and a 1-year high of $55.29. The stock has a 50 day moving average of $52.99 and a 200 day moving average of $50.88.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Bank Of New York Mellon Corporation (The) had a net margin of 23.14% and a return on equity of 10.51%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the company posted $0.90 EPS. Bank Of New York Mellon Corporation (The)’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Bank Of New York Mellon Corporation will post $3.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 31st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.86%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is currently 28.07%.

Bank Of New York Mellon Corporation (The) 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.

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

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