Investor Research Report on The Bank of New York Mellon Corporation (BK)

Paterniano Del Favero
Agosto 16, 2017

Old Mutual Customised Solutions (Proprietary) Ltd has invested 0.31% in Bank of New York Mellon Corp (NYSE:BK). Vanguard Group Inc. raised its position in Bank Of New York Mellon Corporation (The) by 3.0% in the first quarter. Kistler Tiffany Companies LLC now owns 4,154 shares of the bank's stock valued at $212,000 after buying an additional 12 shares during the period. Alpha Windward LLC boosted its position in shares of Bank Of New York Mellon Corporation (The) by 0.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,197 shares of the bank's stock worth $104,000 after buying an additional 92 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Bank Of New York Mellon Corporation (The) by 4.4% in the first quarter. BB&T Securities has an ownership of 135,025 stocks of the bank's shares valued at $6,377,000 after scooping up an extra 88,265 shares through out the quarter. large institution funds own 82.02% of the firms stock. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank's stock valued at $2,562,715,000 after buying an additional 17,217,529 shares during the last quarter.

The Bank of New York Mellon Corporation is an investments company. First Fiduciary Investment Counsel owns 4.11% invested in Bank of New York Mellon Corp (NYSE:BK) for 453,162 shares. The simple 20 day moving average stands at and the simple 200-day moving average is at. Bank Of New York Mellon Corporation has a one year low of $38.68 and a one year high of $54.59. The firm has a market cap of $53.67 billion, a price-to-earnings ratio of 15.41 and a beta of 1.15.

18 analysts on average are expecting The Bank of New York Mellon Corporation to report earnings of $0.93 per share for the current quarter. The bank reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.04, MarketWatch Earnings reports.

Longview Partners Guernsey Ltd decreased Bank New York Mellon Corp (BK) stake by 2.48% reported in 2016Q4 SEC filing. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter a year ago, the business posted $0.76 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st were given a dividend of $0.24 per share. The firm has "Hold" rating by Barclays Capital given on Friday, July 28. Mckinley Carter Wealth Services Inc stated it has 0.11% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Bank Of New York Mellon Corporation (The)'s yield ratio is presently 28.40%. Community Bank & Trust Waco Texas raised its stake in shares of Bank Of New York Mellon Corporation (The) by 5.3% in the first quarter. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & global trademark and copyright law. If you are reading this news story on another site, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright legislation. The legal version of this piece can be read at https://weekherald.com/2017/08/15/bank-of-new-york-mellon-corporation-the-bk-position-boosted-by-mn-services-vermogensbeheer-b-v.html.

BK has been the subject of several recent analyst reports. Rafferty Capital Markets reiterated a "buy" rating and issued a $53.00 price objective on shares of Bank Of New York Mellon Corporation (The) in a research report on Tuesday, April 25th.

Bank Of New York Mellon Corporation (BK) opened at 52.83 on Tuesday. Royal Bank Of Canada reissued a "hold" recommendation on stocks of Bank Of New York Mellon Corporation (The) in a note on Fri, Jul 21st.

Analysts on average have given a price target of $55.56 to The Bank of New York Mellon Corporation (BK) stock.

Shares of Bank Of New York Mellon Corporation (BK) opened at 53.15 on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Bank Of New York Mellon Corporation (The) now has a consensus rating of "Hold" and an average target price of $53.12. Also, CEO Charles W. Scharf bought 186,900 shares of the company's stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $53.82 per share, with a total value of $10,058,958.00. Following the acquisition, the chief executive officer now directly owns 73,640 shares of the company's stock, valued at $3,963,304.80. The information was declared in a document with the SEC which can be accessed through the Security and Exchange Commission website. The stock was sold at an average price of $53.91, for a total value of $37,775,761.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,885,099 shares of company stock worth $578,623,062. Following the sale, the insider now directly owns 455,927 shares in the company, valued at $24,597,261.65. Also, the number of investment managers holding Bank Of New York Co Inc in their top 10 equity positions increased from 29 to 36 for an increase of 7.

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