Gould Capital LLC Has $3.72 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Gould Capital LLC reduced its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,764 shares of the bank’s stock after selling 2,601 shares during the quarter. Bank of New York Mellon accounts for about 2.4% of Gould Capital LLC’s holdings, making the stock its 13th biggest position. Gould Capital LLC’s holdings in Bank of New York Mellon were worth $3,720,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. M&T Bank Corp boosted its holdings in Bank of New York Mellon by 293.1% during the 3rd quarter. M&T Bank Corp now owns 399,130 shares of the bank’s stock worth $28,681,000 after acquiring an additional 297,603 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Bank of New York Mellon by 93.2% during the third quarter. Continuum Advisory LLC now owns 2,349 shares of the bank’s stock valued at $182,000 after purchasing an additional 1,133 shares in the last quarter. Drucker Wealth 3.0 LLC grew its position in Bank of New York Mellon by 3.8% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 10,838 shares of the bank’s stock worth $779,000 after purchasing an additional 396 shares in the last quarter. SGL Investment Advisors Inc. purchased a new stake in Bank of New York Mellon in the 3rd quarter valued at about $777,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Bank of New York Mellon by 3.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 227,644 shares of the bank’s stock worth $16,358,000 after buying an additional 7,840 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on BK shares. Wells Fargo & Company increased their price target on Bank of New York Mellon from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. UBS Group raised their target price on Bank of New York Mellon from $73.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup boosted their price target on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Evercore ISI raised their price objective on shares of Bank of New York Mellon from $66.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of Bank of New York Mellon from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.00.

Bank of New York Mellon Stock Up 0.1 %

BK opened at $80.61 on Tuesday. The Bank of New York Mellon Co. has a 12 month low of $49.15 and a 12 month high of $82.72. The company has a market cap of $58.61 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.07. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $77.14 and a 200 day moving average of $68.52.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Friday, October 11th. The bank reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.52 billion. On average, sell-side analysts expect that The Bank of New York Mellon Co. will post 5.84 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Monday, October 21st. Bank of New York Mellon’s payout ratio is presently 40.87%.

Insider Activity

In other news, EVP J Kevin Mccarthy sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the completion of the transaction, the executive vice president now directly owns 75,404 shares in the company, valued at $5,754,079.24. The trade was a 24.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Hanneke Smits sold 16,475 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the sale, the vice president now owns 157,455 shares in the company, valued at $12,040,583.85. This trade represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.