Vinva Investment Management Ltd Sells 128,672 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Vinva Investment Management Ltd lessened its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 77.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,813 shares of the bank’s stock after selling 128,672 shares during the period. Vinva Investment Management Ltd’s holdings in Bank of New York Mellon were worth $2,916,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BK. Centricity Wealth Management LLC bought a new stake in shares of Bank of New York Mellon during the fourth quarter worth $39,000. TCTC Holdings LLC boosted its holdings in Bank of New York Mellon by 257.5% in the fourth quarter. TCTC Holdings LLC now owns 597 shares of the bank’s stock valued at $46,000 after acquiring an additional 430 shares during the last quarter. Modus Advisors LLC bought a new position in Bank of New York Mellon in the fourth quarter valued at about $49,000. Friedenthal Financial bought a new position in Bank of New York Mellon in the fourth quarter valued at about $56,000. Finally, Asset Dedication LLC boosted its holdings in Bank of New York Mellon by 342.1% in the fourth quarter. Asset Dedication LLC now owns 756 shares of the bank’s stock valued at $58,000 after acquiring an additional 585 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BK. Evercore ISI raised their price target 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. Keefe, Bruyette & Woods raised their price target on Bank of New York Mellon from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wolfe Research cut Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Morgan Stanley raised their target price on Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. 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 $89.50.

Bank of New York Mellon Trading Up 1.6 %

NYSE BK opened at $83.95 on Thursday. The firm has a market cap of $60.27 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.97 and a beta of 1.06. 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’s 50-day moving average is $84.60 and its 200-day moving average is $78.80. The Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $90.34.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. The company 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%. Bank of New York Mellon’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. Sell-side analysts anticipate 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio is presently 32.36%.

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.