New Mexico Educational Retirement Board grew its holdings in Bank of New York Mellon Corp (NYSE:BK) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,260 shares of the bank’s stock after purchasing an additional 4,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Bank of New York Mellon were worth $5,346,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Country Trust Bank raised its stake in shares of Bank of New York Mellon by 4.1% during the 3rd quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock worth $32,132,000 after acquiring an additional 23,683 shares in the last quarter. Sei Investments Co. raised its stake in shares of Bank of New York Mellon by 7.4% during the 3rd quarter. Sei Investments Co. now owns 1,020,622 shares of the bank’s stock worth $54,102,000 after acquiring an additional 70,619 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in shares of Bank of New York Mellon during the 3rd quarter worth approximately $612,000. Steward Partners Investment Advisory LLC bought a new position in shares of Bank of New York Mellon during the 3rd quarter worth approximately $748,000. Finally, Rhumbline Advisers raised its stake in shares of Bank of New York Mellon by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 1,746,821 shares of the bank’s stock worth $92,616,000 after acquiring an additional 16,839 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

BK has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Bank of New York Mellon from $55.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Morgan Stanley upgraded shares of Bank of New York Mellon from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research note on Friday, January 19th. Zacks Investment Research upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, December 20th. ValuEngine upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada restated a “hold” rating and set a $58.00 price target on shares of Bank of New York Mellon in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Bank of New York Mellon has an average rating of “Hold” and an average price target of $56.76.

Bank of New York Mellon Corp (NYSE:BK) opened at $54.61 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.69 and a current ratio of 0.70. Bank of New York Mellon Corp has a 52 week low of $45.12 and a 52 week high of $58.99. The stock has a market cap of $54,806.94, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $0.91 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.91. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4.01 billion. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. Bank of New York Mellon’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. equities research analysts expect that Bank of New York Mellon Corp will post 4.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Tuesday, January 30th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 25.74%.

In other news, Director Edward P. Garden sold 143,792 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $52.52, for a total value of $7,551,955.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward P. Garden sold 650,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $52.60, for a total transaction of $34,190,000.00. The disclosure for this sale can be found here. Insiders sold a total of 831,944 shares of company stock worth $43,807,887 over the last ninety days. Insiders own 3.60% of the company’s stock.

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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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