IFM Investors Pty Ltd raised its position in Bank of New York Mellon Corp (NYSE:BK) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,520 shares of the bank’s stock after acquiring an additional 6,442 shares during the period. IFM Investors Pty Ltd’s holdings in Bank of New York Mellon were worth $2,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of BK. Lincoln National Corp lifted its position in Bank of New York Mellon by 2.7% during the second quarter. Lincoln National Corp now owns 10,959 shares of the bank’s stock valued at $424,000 after purchasing an additional 283 shares during the period. Capstone Financial Group Inc. increased its stake in shares of Bank of New York Mellon by 39.1% during the second quarter. Capstone Financial Group Inc. now owns 1,053 shares of the bank’s stock worth $40,000 after purchasing an additional 296 shares in the last quarter. Berman Capital Advisors LLC increased its stake in shares of Bank of New York Mellon by 32.5% during the second quarter. Berman Capital Advisors LLC now owns 1,297 shares of the bank’s stock worth $50,000 after purchasing an additional 318 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Bank of New York Mellon by 0.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 36,030 shares of the bank’s stock worth $1,393,000 after acquiring an additional 330 shares during the last quarter. Finally, Balentine LLC boosted its position in Bank of New York Mellon by 60.3% during the second quarter. Balentine LLC now owns 880 shares of the bank’s stock worth $34,000 after acquiring an additional 331 shares during the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

Shares of BK stock traded up $0.79 during mid-day trading on Friday, hitting $38.02. The stock had a trading volume of 7,351,541 shares, compared to its average volume of 5,911,487. Bank of New York Mellon Corp has a fifty-two week low of $26.40 and a fifty-two week high of $51.60. The firm has a market cap of $33.68 billion, a PE ratio of 8.18, a PEG ratio of 1.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50-day simple moving average is $35.87 and its 200-day simple moving average is $36.47.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Friday, October 16th. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.04. Bank of New York Mellon had a net margin of 22.31% and a return on equity of 10.34%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the business earned $1.07 EPS. The business’s revenue was down .4% on a year-over-year basis. On average, analysts expect that Bank of New York Mellon Corp will post 3.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, October 28th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Tuesday, October 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 30.85%.

In related news, EVP Mitchell E. Harris sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $35.75, for a total value of $1,251,250.00. Following the completion of the sale, the executive vice president now owns 145,425 shares in the company, valued at $5,198,943.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on BK shares. Morgan Stanley lowered their price target on shares of Bank of New York Mellon from $42.00 to $38.00 and set an “underweight” rating on the stock in a research report on Monday, October 5th. Jefferies Financial Group upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $45.00 in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Bank of New York Mellon from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Thursday, July 9th. Bank of America boosted their target price on shares of Bank of New York Mellon from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Finally, Seaport Global Securities initiated coverage on shares of Bank of New York Mellon in a report on Wednesday, July 8th. They issued a “buy” rating and a $51.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.56.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

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Institutional Ownership by Quarter for Bank of New York Mellon (NYSE:BK)

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