Trade Report: Today: Bank Of New York Mellon Corp. (BK) Stake Raised by UBS Asset Management Americas Inc.

Today: Bank Of New York Mellon Corp. (BK) Stake Raised by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. boosted its position in Bank Of New York Mellon Corp. (NYSE:BK) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,777,565 shares of the company’s stock after buying an additional 73,365 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.26% of Bank Of New York Mellon Corp. worth $110,769,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. TIAA CREF Trust Co. FSB MO raised its stake in Bank Of New York Mellon Corp. by 13.8% in the third quarter. TIAA CREF Trust Co. FSB MO now owns 48,973 shares of the company’s stock worth $1,953,000 after buying an additional 5,944 shares during the period. Delta Lloyd NV raised its stake in Bank Of New York Mellon Corp. by 13.4% in the third quarter. Delta Lloyd NV now owns 79,484 shares of the company’s stock worth $3,170,000 after buying an additional 9,404 shares during the period. Hudock Capital Group LLC raised its stake in Bank Of New York Mellon Corp. by 0.3% in the third quarter. Hudock Capital Group LLC now owns 2,534 shares of the company’s stock worth $101,000 after buying an additional 7 shares during the period. AMG National Trust Bank raised its stake in Bank Of New York Mellon Corp. by 26.5% in the third quarter. AMG National Trust Bank now owns 46,958 shares of the company’s stock worth $1,873,000 after buying an additional 9,823 shares during the period. Finally, Abner Herrman & Brock LLC raised its stake in Bank Of New York Mellon Corp. by 3.3% in the third quarter. Abner Herrman & Brock LLC now owns 228,942 shares of the company’s stock worth $9,130,000 after buying an additional 7,242 shares during the period. 80.43% of the stock is currently owned by institutional investors.

Shares of Bank Of New York Mellon Corp. (NYSE:BK) traded down 0.78% during midday trading on Monday, reaching $47.10. 2,065,958 shares of the company’s stock traded hands. Bank Of New York Mellon Corp. has a 1-year low of $32.20 and a 1-year high of $47.96. The stock has a market capitalization of $49.80 billion, a P/E ratio of 15.94 and a beta of 1.30. The firm’s 50-day moving average price is $43.76 and its 200 day moving average price is $41.07.

Bank Of New York Mellon Corp. (NYSE:BK) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.86 billion. Bank Of New York Mellon Corp. had a net margin of 21.65% and a return on equity of 9.66%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. On average, equities analysts predict that Bank Of New York Mellon Corp. will post $3.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Tuesday, November 1st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, October 28th. Bank Of New York Mellon Corp.’s dividend payout ratio (DPR) is 25.68%.

A number of research firms recently weighed in on BK. Credit Suisse Group AG began coverage on shares of Bank Of New York Mellon Corp. in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $46.00 price objective on the stock. Buckingham Research downgraded shares of Bank Of New York Mellon Corp. from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Monday, November 21st. Barclays PLC restated a “buy” rating and issued a $48.00 target price on shares of Bank Of New York Mellon Corp. in a research note on Wednesday, November 9th. Deutsche Bank AG restated a “buy” rating on shares of Bank Of New York Mellon Corp. in a research note on Friday, October 21st. Finally, Morgan Stanley upgraded shares of Bank Of New York Mellon Corp. from an “underweight” rating to an “equal weight” rating in a research note on Friday, October 21st. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.13.

In other news, insider Mitchell E. Harris sold 28,779 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $43.55, for a total value of $1,253,325.45. Following the sale, the insider now directly owns 166,196 shares of the company’s stock, valued at approximately $7,237,835.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Thomas P. Gibbons sold 79,022 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $43.20, for a total transaction of $3,413,750.40. Following the completion of the sale, the insider now directly owns 439,610 shares in the company, valued at $18,991,152. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Bank Of New York Mellon Corp. Company Profile

The Bank of New York Mellon Corporation (BNY Mellon) 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 credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

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