Cable Hill Partners LLC Has $343,000 Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Cable Hill Partners LLC cut its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,458 shares of the bank’s stock after selling 124 shares during the quarter. Cable Hill Partners LLC’s holdings in Bank of New York Mellon were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BK. SRN Advisors LLC increased its position in Bank of New York Mellon by 170.6% in the fourth quarter. SRN Advisors LLC now owns 15,070 shares of the bank’s stock worth $1,158,000 after purchasing an additional 9,500 shares during the period. National Pension Service increased its position in Bank of New York Mellon by 17.6% in the fourth quarter. National Pension Service now owns 2,177,055 shares of the bank’s stock worth $167,263,000 after purchasing an additional 325,786 shares during the period. Lake Street Advisors Group LLC increased its position in Bank of New York Mellon by 7.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 5,610 shares of the bank’s stock worth $431,000 after purchasing an additional 382 shares during the period. Longbow Finance SA acquired a new stake in Bank of New York Mellon in the fourth quarter worth about $4,471,000. Finally, Los Angeles Capital Management LLC increased its position in Bank of New York Mellon by 1,375.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 252,292 shares of the bank’s stock worth $19,384,000 after purchasing an additional 235,190 shares during the period. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wolfe Research lowered Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective 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. UBS Group boosted their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Evercore ISI boosted their target price on Bank of New York Mellon from $79.00 to $83.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Finally, StockNews.com lowered Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.00.

Bank of New York Mellon Trading Down 0.6 %

NYSE:BK opened at $86.23 on Thursday. The Bank of New York Mellon Co. has a fifty-two week low of $52.64 and a fifty-two week high of $89.44. 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 stock has a market capitalization of $62.70 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The business’s 50-day simple moving average is $82.59 and its 200-day simple moving average is $76.86.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the previous year, the business posted $1.28 EPS. Bank of New York Mellon’s revenue for the quarter was up 11.2% on a year-over-year basis. Sell-side analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s payout ratio is 32.36%.

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.