Gen Wealth Partners Inc Has $66,000 Stake in The Bank of New York Mellon Co. (NYSE:BK)

Gen Wealth Partners Inc decreased its position in The Bank of New York Mellon Co. (NYSE:BK) by 17.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 862 shares of the bank’s stock after selling 177 shares during the period. Gen Wealth Partners Inc’s holdings in Bank of New York Mellon were worth $66,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BK. Parvin Asset Management LLC acquired a new stake in Bank of New York Mellon in the 4th quarter valued at about $25,000. Bellwether Advisors LLC acquired a new stake in Bank of New York Mellon in the 4th quarter worth about $28,000. Transce3nd LLC acquired a new stake in Bank of New York Mellon during the fourth quarter worth approximately $33,000. South Plains Financial Inc. bought a new position in shares of Bank of New York Mellon in the fourth quarter worth $34,000. Finally, Graney & King LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Catherine Keating sold 65,473 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.31, for a total value of $5,061,717.63. Following the sale, the vice president now owns 87,542 shares of the company’s stock, valued at $6,767,872.02. This trade represents a 42.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.50, for a total value of $437,177.50. Following the transaction, the insider now directly owns 21,679 shares of the company’s stock, valued at $1,680,122.50. The trade was a 20.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,114 shares of company stock worth $7,869,795. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BK. Wells Fargo & Company upped their price target on shares of Bank of New York Mellon from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, March 3rd. Citigroup increased their target price on Bank of New York Mellon from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays boosted their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley cut their price target on shares of Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Bank of New York Mellon currently has an average rating of “Moderate Buy” and an average price target of $91.31.

Bank of New York Mellon Price Performance

BK stock opened at $85.90 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The business has a 50-day simple moving average of $80.67 and a two-hundred day simple moving average of $80.95. The company has a market capitalization of $61.46 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The Bank of New York Mellon Co. has a 52-week low of $57.18 and a 52-week high of $90.34.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Friday, April 11th. The bank reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.76 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 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. Research analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Monday, April 21st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, April 21st. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 30.62%.

Bank of New York Mellon 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.