Bailard Inc. Has $1.12 Million Stake in The Bank of New York Mellon Co. (NYSE:BK)

Bailard Inc. lifted its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,556 shares of the bank’s stock after purchasing an additional 2,314 shares during the quarter. Bailard Inc.’s holdings in Bank of New York Mellon were worth $1,122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BK. Hartford Financial Management Inc. grew its holdings in Bank of New York Mellon by 41.4% during the fourth quarter. Hartford Financial Management Inc. now owns 625 shares of the bank’s stock worth $33,000 after buying an additional 183 shares in the last quarter. Blue Trust Inc. lifted its holdings in Bank of New York Mellon by 159.2% during the 4th quarter. Blue Trust Inc. now owns 858 shares of the bank’s stock worth $45,000 after purchasing an additional 527 shares in the last quarter. Addison Advisors LLC lifted its holdings in Bank of New York Mellon by 603.2% during the 3rd quarter. Addison Advisors LLC now owns 879 shares of the bank’s stock worth $37,000 after purchasing an additional 754 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Bank of New York Mellon during the 3rd quarter worth about $38,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Bank of New York Mellon in the 3rd quarter valued at about $49,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 40,000 shares of the business’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $56.15, for a total value of $2,246,000.00. Following the completion of the transaction, the executive vice president now owns 100,404 shares in the company, valued at $5,637,684.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bank of New York Mellon news, VP Catherine Keating sold 54,070 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $54.88, for a total transaction of $2,967,361.60. Following the completion of the sale, the vice president now owns 78,350 shares of the company’s stock, valued at $4,299,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J Kevin Mccarthy sold 40,000 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $56.15, for a total value of $2,246,000.00. Following the sale, the executive vice president now directly owns 100,404 shares of the company’s stock, valued at approximately $5,637,684.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,568 shares of company stock worth $5,459,897. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BK has been the topic of several recent analyst reports. Bank of America raised their price target on Bank of New York Mellon from $64.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group increased their price objective on Bank of New York Mellon from $67.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore ISI increased their price objective on Bank of New York Mellon from $57.00 to $61.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. UBS Group increased their price objective on Bank of New York Mellon from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, Morgan Stanley raised their price target on Bank of New York Mellon from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.17.

Bank of New York Mellon Trading Up 0.2 %

Shares of BK stock traded up $0.13 during trading hours on Friday, reaching $57.31. The company’s stock had a trading volume of 518,047 shares, compared to its average volume of 3,933,700. The stock has a market capitalization of $43.15 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.25 and a beta of 1.12. The Bank of New York Mellon Co. has a one year low of $39.65 and a one year high of $58.28. The firm’s fifty day simple moving average is $55.97 and its 200 day simple moving average is $51.67. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.90.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Tuesday, April 16th. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.10. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Bank of New York Mellon had a return on equity of 11.80% and a net margin of 9.48%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Equities research analysts expect that The Bank of New York Mellon Co. will post 5.43 EPS for the current year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, April 25th. Bank of New York Mellon’s payout ratio is 40.98%.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.