WINTON GROUP Ltd lowered its holdings in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 91.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,194 shares of the bank’s stock after selling 145,851 shares during the period. WINTON GROUP Ltd’s holdings in Bank Of New York Mellon were worth $753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Bank Of New York Mellon during the second quarter valued at approximately $1,139,000. First Interstate Bank grew its stake in Bank Of New York Mellon 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 acquiring an additional 842 shares in the last quarter. Hudock Capital Group LLC grew its stake in Bank Of New York Mellon 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 acquiring an additional 7 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Bank Of New York Mellon during the third quarter valued at approximately $139,000. Finally, Advisory Services Network LLC grew its stake in Bank Of New York Mellon 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 acquiring an additional 363 shares in the last quarter. 82.83% of the stock is currently owned by institutional investors.

In other news, Vice Chairman Brian T. Shea sold 22,228 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.26, for a total value of $1,139,407.28. Following the completion of the sale, the insider now owns 181,815 shares of the company’s stock, valued at approximately $9,319,836.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trian Fund Management, L.P. sold 5,798,725 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were 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. Insiders sold a total of 7,708,334 shares of company stock valued at $404,956,863 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Shares of Bank Of New York Mellon Corporation (BK) opened at $54.02 on Thursday. Bank Of New York Mellon Corporation has a 12 month low of $43.85 and a 12 month high of $55.40. The stock has a market cap of $55,737.52, a price-to-earnings ratio of 15.69, a PEG ratio of 1.98 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Bank Of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon 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 quarter in the prior year, the company earned $0.90 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. analysts forecast that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Tuesday, October 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.78%. Bank Of New York Mellon’s dividend payout ratio (DPR) is 28.07%.

BK has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Bank Of New York Mellon from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, October 10th. Goldman Sachs Group reaffirmed a “buy” rating and set a $58.00 price objective (up previously from $52.85) on shares of Bank Of New York Mellon in a research note on Friday, October 20th. ValuEngine raised shares of Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley boosted their price objective on shares of Bank Of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $58.00 price objective on shares of Bank Of New York Mellon in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.28.

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About Bank Of New York Mellon

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 (NYSE:BK)

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