Oregon Public Employees Retirement Fund Sells 810 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Oregon Public Employees Retirement Fund reduced its position in The Bank of New York Mellon Co. (NYSE:BK) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,318 shares of the bank’s stock after selling 810 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Bank of New York Mellon were worth $4,788,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BK. Arkadios Wealth Advisors bought a new stake in Bank of New York Mellon during the third quarter valued at approximately $339,000. PFG Investments LLC lifted its position in Bank of New York Mellon by 15.7% during the third quarter. PFG Investments LLC now owns 5,424 shares of the bank’s stock valued at $390,000 after purchasing an additional 735 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Bank of New York Mellon by 39.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,421 shares of the bank’s stock valued at $6,426,000 after purchasing an additional 25,294 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Bank of New York Mellon by 67.8% during the third quarter. Nisa Investment Advisors LLC now owns 132,496 shares of the bank’s stock valued at $9,521,000 after purchasing an additional 53,534 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in Bank of New York Mellon by 6.5% during the third quarter. Pallas Capital Advisors LLC now owns 5,426 shares of the bank’s stock valued at $415,000 after purchasing an additional 331 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Stock Down 0.6 %

Shares of NYSE BK opened at $86.23 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average is $82.59 and its 200 day moving average is $76.86. The company has a market cap of $62.70 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.97 and a beta of 1.08. The Bank of New York Mellon Co. has a 52 week low of $52.64 and a 52 week high of $89.44.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. On average, equities research analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s payout ratio is currently 32.36%.

Analysts Set New Price Targets

BK has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. StockNews.com downgraded shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Barclays lifted their price target on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Truist Financial lifted their price target on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, UBS Group lifted their price target on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Bank of New York Mellon Company Profile

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.