Dupont Capital Management Corp Has $41,000 Position in The Bank of New York Mellon Co. (NYSE:BK)

Dupont Capital Management Corp lowered its position in shares of The Bank of New York Mellon Co. (NYSE:BKGet Rating) by 89.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,067 shares of the bank’s stock after selling 9,241 shares during the quarter. Dupont Capital Management Corp’s holdings in Bank of New York Mellon were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Bank of New York Mellon by 160.0% in the first quarter. Acadian Asset Management LLC now owns 5,358 shares of the bank’s stock worth $263,000 after purchasing an additional 3,297 shares in the last quarter. Prudential PLC bought a new stake in shares of Bank of New York Mellon in the first quarter worth $1,096,000. Cetera Investment Advisers lifted its position in shares of Bank of New York Mellon by 3.3% in the first quarter. Cetera Investment Advisers now owns 35,635 shares of the bank’s stock worth $1,769,000 after purchasing an additional 1,154 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Bank of New York Mellon by 54.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 232,115 shares of the bank’s stock worth $11,519,000 after purchasing an additional 81,728 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Bank of New York Mellon by 165.3% in the first quarter. Zions Bancorporation N.A. now owns 1,459 shares of the bank’s stock worth $72,000 after purchasing an additional 909 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Ratings Changes

BK has been the topic of several analyst reports. Wolfe Research raised shares of Bank of New York Mellon from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Wednesday, January 4th. Bank of America initiated coverage on shares of Bank of New York Mellon in a research report on Thursday, January 12th. They set a “buy” rating and a $56.00 price target on the stock. Morgan Stanley upped their price target on shares of Bank of New York Mellon from $44.00 to $47.00 and gave the stock an “underweight” rating in a research report on Tuesday. Barclays upped their price target on shares of Bank of New York Mellon from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Finally, StockNews.com initiated coverage on shares of Bank of New York Mellon in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.04.

Bank of New York Mellon Trading Up 1.4 %

BK stock opened at $49.24 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.66 and a current ratio of 0.66. The company’s 50-day simple moving average is $45.74 and its 200 day simple moving average is $43.34. The Bank of New York Mellon Co. has a 52 week low of $36.22 and a 52 week high of $64.63. The company has a market capitalization of $39.80 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.32 and a beta of 1.08.

Bank of New York Mellon (NYSE:BKGet Rating) last released its quarterly earnings results on Friday, January 13th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.12 by $0.18. Bank of New York Mellon had a net margin of 12.87% and a return on equity of 10.78%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.04 earnings per share. Bank of New York Mellon’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Bank of New York Mellon Co. will post 4.63 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Monday, January 23rd will be paid a $0.37 dividend. The ex-dividend date is Friday, January 20th. This represents a $1.48 annualized dividend and a dividend yield of 3.01%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 51.03%.

About Bank of New York Mellon

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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, prime brokerage, and data analytics.

Further Reading

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Institutional Ownership by Quarter for Bank of New York Mellon (NYSE:BK)

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