Arjuna Capital Has $1.37 Million Stock Holdings in The Bank of New York Mellon Corporation $BK

Arjuna Capital trimmed its holdings in The Bank of New York Mellon Corporation (NYSE:BK) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,028 shares of the bank’s stock after selling 798 shares during the period. Arjuna Capital’s holdings in Bank of New York Mellon were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Westside Investment Management Inc. boosted its stake in Bank of New York Mellon by 78.9% during the 2nd quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock valued at $26,000 after purchasing an additional 127 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Bank of New York Mellon in the first quarter valued at approximately $32,000. Hoey Investments Inc. purchased a new position in shares of Bank of New York Mellon during the second quarter valued at approximately $32,000. McClarren Financial Advisors Inc. bought a new stake in Bank of New York Mellon during the first quarter worth $34,000. Finally, GFG Capital LLC purchased a new stake in Bank of New York Mellon in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BK shares. Truist Financial lifted their price objective on shares of Bank of New York Mellon from $118.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, October 17th. TD Cowen lifted their target price on shares of Bank of New York Mellon from $130.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Barclays upped their target price on Bank of New York Mellon from $104.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Morgan Stanley increased their price target on Bank of New York Mellon from $101.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company lifted their target price on Bank of New York Mellon from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of New York Mellon presently has an average rating of “Moderate Buy” and an average price target of $111.29.

Bank of New York Mellon Stock Performance

Shares of BK opened at $111.80 on Tuesday. The Bank of New York Mellon Corporation has a 1 year low of $70.46 and a 1 year high of $113.74. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.70 and a quick ratio of 0.72. The stock’s fifty day moving average price is $108.27 and its two-hundred day moving average price is $101.11. The firm has a market cap of $77.97 billion, a PE ratio of 16.13, a PEG ratio of 0.98 and a beta of 1.13.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Tuesday, March 26th. The bank reported $1.30 earnings per share for the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%.The company had revenue of $4.38 billion during the quarter. On average, equities research analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 27th were given a $0.53 dividend. The ex-dividend date of this dividend was Monday, October 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.9%. Bank of New York Mellon’s payout ratio is 30.59%.

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.