Global Retirement Partners LLC Has $223,000 Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Global Retirement Partners LLC grew its holdings in shares of The Bank of New York Mellon Co. (NYSE:BKFree Report) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,024 shares of the bank’s stock after acquiring an additional 1,368 shares during the quarter. Global Retirement Partners LLC’s holdings in Bank of New York Mellon were worth $223,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Laurel Wealth Advisors Inc. raised its stake in Bank of New York Mellon by 1.7% during the first quarter. Laurel Wealth Advisors Inc. now owns 14,451 shares of the bank’s stock worth $717,000 after acquiring an additional 245 shares in the last quarter. Arjuna Capital raised its stake in Bank of New York Mellon by 0.5% during the third quarter. Arjuna Capital now owns 48,446 shares of the bank’s stock worth $2,066,000 after acquiring an additional 251 shares in the last quarter. BRYN MAWR TRUST Co raised its stake in Bank of New York Mellon by 3.3% during the third quarter. BRYN MAWR TRUST Co now owns 8,000 shares of the bank’s stock worth $341,000 after acquiring an additional 258 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Bank of New York Mellon by 14.6% during the second quarter. Farther Finance Advisors LLC now owns 2,102 shares of the bank’s stock worth $94,000 after acquiring an additional 268 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Bank of New York Mellon by 17.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,856 shares of the bank’s stock worth $97,000 after acquiring an additional 279 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Bank of New York Mellon from a “neutral” rating to an “overweight” rating and set a $54.50 price target on the stock in a report on Monday, December 18th. Citigroup boosted their price target on Bank of New York Mellon from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 price target on shares of Bank of New York Mellon in a report on Wednesday, March 27th. UBS Group boosted their price target on Bank of New York Mellon from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Morgan Stanley upgraded Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $52.00 to $62.00 in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.65.

Read Our Latest Stock Report on Bank of New York Mellon

Insider Transactions at Bank of New York Mellon

In other news, VP Catherine Keating sold 4,498 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total transaction of $246,535.38. Following the transaction, the vice president now directly owns 123,490 shares of the company’s stock, valued at $6,768,486.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Catherine Keating sold 4,498 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total transaction of $246,535.38. Following the transaction, the vice president now directly owns 123,490 shares of the company’s stock, valued at $6,768,486.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Hanneke Smits sold 15,425 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $55.16, for a total value of $850,843.00. Following the transaction, the vice president now directly owns 119,656 shares in the company, valued at $6,600,224.96. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Bank of New York Mellon Stock Performance

Shares of BK stock opened at $57.66 on Thursday. The business’s 50 day simple moving average is $55.62 and its 200 day simple moving average is $50.17. The Bank of New York Mellon Co. has a one year low of $39.65 and a one year high of $57.88. The stock has a market capitalization of $43.41 billion, a PE ratio of 14.52, a PEG ratio of 1.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BKGet Free Report) last announced its earnings results on Friday, January 12th. The bank reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. Bank of New York Mellon had a return on equity of 11.63% and a net margin of 10.01%. The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that The Bank of New York Mellon Co. will post 5.26 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Monday, January 22nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, January 19th. Bank of New York Mellon’s payout ratio is 42.32%.

Bank of New York Mellon Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of New York Mellon Co. (NYSE:BKFree Report).

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

Receive News & Ratings for Bank of New York Mellon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of New York Mellon and related companies with MarketBeat.com's FREE daily email newsletter.