The Bank of New York Mellon Co. (NYSE:BK) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,389 shares of the bank’s stock after purchasing an additional 468 shares during the quarter. Simon Quick Advisors LLC’s holdings in Bank of New York Mellon were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BK. Atomi Financial Group Inc. increased its position in shares of Bank of New York Mellon by 10.3% in the fourth quarter. Atomi Financial Group Inc. now owns 9,362 shares of the bank’s stock valued at $719,000 after buying an additional 873 shares in the last quarter. Transform Wealth LLC acquired a new stake in Bank of New York Mellon in the 4th quarter valued at $9,683,000. Harbor Investment Advisory LLC grew its stake in Bank of New York Mellon by 1,956.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 8,409 shares of the bank’s stock valued at $646,000 after acquiring an additional 8,000 shares during the period. UMB Bank n.a. increased its holdings in Bank of New York Mellon by 2,123.7% in the 4th quarter. UMB Bank n.a. now owns 97,953 shares of the bank’s stock worth $7,526,000 after acquiring an additional 93,548 shares in the last quarter. Finally, M.E. Allison & CO. Inc. acquired a new position in Bank of New York Mellon during the fourth quarter worth $371,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Up 0.5 %

Shares of NYSE BK opened at $84.75 on Friday. The company has a market capitalization of $61.62 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The company has a 50 day simple moving average of $79.23 and a 200-day simple moving average of $72.82. The Bank of New York Mellon Co. has a 1 year low of $52.64 and a 1 year high of $85.81.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 EPS. On average, equities research analysts predict that The Bank of New York Mellon Co. will post 6.86 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Bank of New York Mellon from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Evercore ISI increased their target price on Bank of New York Mellon from $79.00 to $83.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. StockNews.com downgraded Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Truist Financial raised their price objective on Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.