Greystone Investment Management LLC lowered its stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 216,492 shares of the bank’s stock after selling 3,825 shares during the period. Bank Of New York Mellon Corporation (The) makes up approximately 5.5% of Greystone Investment Management LLC’s holdings, making the stock its 4th biggest position. Greystone Investment Management LLC’s holdings in Bank Of New York Mellon Corporation (The) were worth $11,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BK. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Bank Of New York Mellon Corporation (The) during the 2nd quarter valued at about $1,139,000. First Interstate Bank increased its position in shares of Bank Of New York Mellon Corporation (The) by 56.2% during the 2nd 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 last quarter. Exane Derivatives purchased a new stake in shares of Bank Of New York Mellon Corporation (The) during the 2nd quarter valued at about $130,000. Hudock Capital Group LLC increased its position in shares of Bank Of New York Mellon Corporation (The) by 0.3% during the 2nd 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 last quarter. Finally, Advisory Services Network LLC increased its position in shares of Bank Of New York Mellon Corporation (The) by 15.5% during the 2nd 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 last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

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

The business 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. This represents a $0.96 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, October 30th. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is currently 28.07%.

In related news, Chairman Gerald L. Hassell sold 700,719 shares of Bank Of New York Mellon Corporation (The) stock in a transaction that occurred on Monday, August 7th. The stock was 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 in the company, valued at $67,577,371.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles W. Scharf purchased 186,900 shares of Bank Of New York Mellon Corporation (The) stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $53.82 per share, with a total value of $10,058,958.00. Following the completion of the transaction, the chief executive officer now owns 73,640 shares of the company’s stock, valued at approximately $3,963,304.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 17,761,019 shares of company stock valued at $939,813,259. 3.60% of the stock is owned by company insiders.

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BK has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $58.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. 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 target for the company. in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $58.00 price target (up previously from $52.85) on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, October 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.28.

Bank Of New York Mellon Corporation (The) 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.

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

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