Trillium Asset Management LLC Has $14.71 Million Stake in The Bank of New York Mellon Corporation $BK

Trillium Asset Management LLC trimmed its position in The Bank of New York Mellon Corporation (NYSE:BK) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,469 shares of the bank’s stock after selling 4,929 shares during the quarter. Trillium Asset Management LLC’s holdings in Bank of New York Mellon were worth $14,711,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. raised its stake in shares of Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock valued at $26,000 after purchasing an additional 127 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Bank of New York Mellon by 100.0% during the first quarter. Cornerstone Planning Group LLC now owns 392 shares of the bank’s stock worth $30,000 after acquiring an additional 196 shares in the last quarter. Orion Capital Management LLC acquired a new position in Bank of New York Mellon during the first quarter worth $32,000. Hoey Investments Inc. acquired a new position in Bank of New York Mellon during the second quarter worth $32,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Bank of New York Mellon during the first quarter worth $34,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Stock Performance

Shares of NYSE:BK opened at $108.02 on Wednesday. The Bank of New York Mellon Corporation has a twelve month low of $70.46 and a twelve month high of $110.87. The firm has a market cap of $76.18 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.72 and a current ratio of 0.70. The business has a fifty day moving average of $106.86 and a 200-day moving average of $97.44.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Tuesday, March 26th. The bank reported $1.30 earnings per share for the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%.The company had revenue of $4.38 billion during the quarter. On average, equities research analysts predict that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Monday, October 27th will be paid a $0.53 dividend. The ex-dividend date is Monday, October 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.0%. Bank of New York Mellon’s dividend payout ratio (DPR) is 30.59%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BK. Barclays increased their price objective on Bank of New York Mellon from $104.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Weiss Ratings upgraded Bank of New York Mellon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 24th. Evercore ISI increased their price objective on Bank of New York Mellon from $91.00 to $110.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Morgan Stanley increased their price objective on Bank of New York Mellon from $101.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Citigroup increased their price objective on Bank of New York Mellon from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.29.

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.