111 Capital Has $1.64 Million Holdings in The Bank of New York Mellon Corporation $BK

111 Capital lifted its stake in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 112.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,026 shares of the bank’s stock after acquiring an additional 9,541 shares during the quarter. 111 Capital’s holdings in Bank of New York Mellon were worth $1,642,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in Bank of New York Mellon during the first quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Bank of New York Mellon in the first quarter worth $25,000. Cornerstone Planning Group LLC boosted its holdings in shares of Bank of New York Mellon by 100.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 392 shares of the bank’s stock worth $30,000 after buying an additional 196 shares during the period. Orion Capital Management LLC acquired a new position in Bank of New York Mellon in the 1st quarter valued at $32,000. Finally, Hoey Investments Inc. bought a new position in Bank of New York Mellon in the 2nd quarter worth $32,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon Stock Up 0.1%

Shares of BK stock opened at $106.48 on Friday. The Bank of New York Mellon Corporation has a one year low of $70.46 and a one year high of $110.87. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $104.60 and a 200 day moving average price of $92.93. The stock has a market cap of $75.09 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.00 and a beta of 1.13.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Tuesday, July 15th. The bank reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.21. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Bank of New York Mellon had a net margin of 12.27% and a return on equity of 13.46%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 EPS. Analysts predict that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current year.

Bank of New York Mellon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were paid a dividend of $0.53 per share. This is a positive change from Bank of New York Mellon’s previous quarterly dividend of $0.47. This represents a $2.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, July 25th. Bank of New York Mellon’s dividend payout ratio is 32.37%.

Analyst Ratings Changes

BK has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Bank of New York Mellon from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday. BMO Capital Markets began coverage on Bank of New York Mellon in a report on Friday. They set an “outperform” rating and a $125.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on Bank of New York Mellon from $105.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Citigroup boosted their target price on shares of Bank of New York Mellon from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company increased their price target on shares of Bank of New York Mellon from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.46.

Insiders Place Their Bets

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $98.45, for a total transaction of $1,969,000.00. Following the sale, the executive vice president directly owned 35,115 shares of the company’s stock, valued at approximately $3,457,071.75. The trade was a 36.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

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.