The Bank of New York Mellon Co. (NYSE:BK) Stock Holdings Raised by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its stake in The Bank of New York Mellon Co. (NYSE:BK) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,200 shares of the bank’s stock after purchasing an additional 200 shares during the quarter. Picton Mahoney Asset Management’s holdings in Bank of New York Mellon were worth $92,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Assetmark Inc. lifted its holdings in Bank of New York Mellon by 64.7% during the 3rd quarter. Assetmark Inc. now owns 1,869 shares of the bank’s stock worth $134,000 after buying an additional 734 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Bank of New York Mellon by 32.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 34,403 shares of the bank’s stock valued at $2,472,000 after acquiring an additional 8,435 shares during the last quarter. Huntington National Bank raised its position in shares of Bank of New York Mellon by 5.7% during the 3rd quarter. Huntington National Bank now owns 7,568 shares of the bank’s stock valued at $544,000 after acquiring an additional 407 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Bank of New York Mellon by 1.0% during the third quarter. OneDigital Investment Advisors LLC now owns 24,941 shares of the bank’s stock worth $1,792,000 after purchasing an additional 259 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Bank of New York Mellon by 5.5% in the third quarter. CIBC Asset Management Inc now owns 127,784 shares of the bank’s stock worth $9,183,000 after purchasing an additional 6,668 shares during the period. Institutional investors own 85.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BK. Barclays increased their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Wolfe Research downgraded Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Morgan Stanley increased their price target on Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Citigroup boosted their price objective on Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Bank of New York Mellon presently has an average rating of “Moderate Buy” and an average price target of $88.71.

Bank of New York Mellon Trading Up 2.8 %

Bank of New York Mellon stock opened at $81.87 on Monday. The Bank of New York Mellon Co. has a 12-month low of $52.64 and a 12-month high of $90.34. 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 $58.78 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm has a 50 day simple moving average of $84.30 and a 200-day simple moving average of $78.55.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 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.