Thompson Davis & CO. Inc. raised its position in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) by 1,188.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,231 shares of the bank’s stock after purchasing an additional 4,825 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Bank Of New York Mellon Corporation (The) were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BK. Canada Pension Plan Investment Board grew its stake in shares of Bank Of New York Mellon Corporation (The) by 118.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,722,972 shares of the bank’s stock valued at $91,352,000 after acquiring an additional 932,700 shares during the period. Longview Partners Guernsey LTD grew its stake in shares of Bank Of New York Mellon Corporation (The) by 5.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock valued at $921,593,000 after acquiring an additional 862,800 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Bank Of New York Mellon Corporation (The) during the 3rd quarter valued at approximately $4,858,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Bank Of New York Mellon Corporation (The) by 7.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 71,621 shares of the bank’s stock valued at $3,797,000 after acquiring an additional 4,665 shares during the period. Finally, Granite Investment Advisors LLC grew its stake in shares of Bank Of New York Mellon Corporation (The) by 1.3% during the 3rd quarter. Granite Investment Advisors LLC now owns 127,649 shares of the bank’s stock valued at $6,768,000 after acquiring an additional 1,665 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

BK has been the subject of a number of recent research reports. Buckingham Research reiterated a “neutral” rating and set a $57.00 price objective (up from $52.00) on shares of Bank Of New York Mellon Corporation (The) in a research note on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, July 11th. Deutsche Bank AG upped their price target on Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Bank of America Corporation set a $52.00 price target on Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.28.

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In related news, Director Trian Fund Management, L.P. sold 10,000,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $53.09, for a total value of $530,900,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Brian T. Shea sold 44,250 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $52.90, for a total value of $2,340,825.00. Following the completion of the sale, the insider now owns 204,043 shares in the company, valued at approximately $10,793,874.70. The disclosure for this sale can be found here. Insiders sold a total of 17,761,019 shares of company stock worth $939,813,259 in the last quarter. Company insiders own 3.60% of the company’s stock.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 31st will be issued a $0.24 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is presently 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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