Bank Of New York Mellon Corporation (The) (NYSE:BK) Position Held by First Quadrant L P CA

First Quadrant L P CA maintained its stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,100 shares of the bank’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Bank Of New York Mellon Corporation (The) were worth $617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hudock Capital Group LLC raised its position in shares of Bank Of New York Mellon Corporation (The) by 0.3% in the first quarter. Hudock Capital Group LLC now owns 2,549 shares of the bank’s stock valued at $120,000 after buying an additional 7 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Bank Of New York Mellon Corporation (The) by 0.3% in the first quarter. Kistler Tiffany Companies LLC now owns 4,142 shares of the bank’s stock valued at $196,000 after buying an additional 13 shares in the last quarter. Alpha Windward LLC raised its stake in Bank Of New York Mellon Corporation (The) by 0.4% in the first quarter. Alpha Windward LLC now owns 5,648 shares of the bank’s stock valued at $267,000 after buying an additional 24 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in Bank Of New York Mellon Corporation (The) by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 6,029 shares of the bank’s stock valued at $307,000 after buying an additional 29 shares in the last quarter. Finally, Cpcm LLC raised its stake in shares of Bank Of New York Mellon Corporation (The) by 0.4% in the first quarter. Cpcm LLC now owns 9,705 shares of the bank’s stock worth $458,000 after buying an additional 35 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at 53.79 on Wednesday. The company has a 50 day moving average of $51.95 and a 200-day moving average of $48.21. Bank Of New York Mellon Corporation has a 12-month low of $38.68 and a 12-month high of $54.59. The company has a market capitalization of $55.57 billion, a P/E ratio of 15.95 and a beta of 1.15.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its earnings results on Thursday, July 20th. The bank reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Bank Of New York Mellon Corporation (The) had a return on equity of 10.35% and a net margin of 23.35%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Bank Of New York Mellon Corporation (The)’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that Bank Of New York Mellon Corporation will post $3.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.96 annualized dividend and a yield of 1.78%. This is an increase from Bank Of New York Mellon Corporation (The)’s previous quarterly dividend of $0.19. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is 28.40%.

Bank Of New York Mellon Corporation (The) declared that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $3.10 billion in shares. This repurchase authorization allows the bank to buy up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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BK has been the topic of a number of recent analyst reports. Rafferty Capital Markets reaffirmed a “buy” rating and set a $53.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, April 25th. Bank of America Corporation reaffirmed an “underperform” rating and set a $49.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, May 26th. BidaskClub downgraded shares of Bank Of New York Mellon Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Deutsche Bank AG increased their price target on shares of Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Bank Of New York Mellon Corporation (The) presently has an average rating of “Buy” and an average target price of $53.00.

In related news, Chairman Gerald L. Hassell sold 700,719 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $53.91, for a total transaction of $37,775,761.29. Following the completion of the sale, the chairman now owns 1,253,522 shares in the company, valued at $67,577,371.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles W. Scharf purchased 186,900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $53.82 per share, with a total value of $10,058,958.00. Following the acquisition, the chief executive officer now directly owns 73,640 shares of the company’s stock, valued at approximately $3,963,304.80. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

Bank Of New York Mellon Corporation (The) Company Profile

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

Institutional Ownership by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

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