18,436 Shares in The Bank of New York Mellon Corporation $BK Bought by Sunesis Advisors LLC

Sunesis Advisors LLC acquired a new stake in shares of The Bank of New York Mellon Corporation (NYSE:BK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,436 shares of the bank’s stock, valued at approximately $2,009,000. Bank of New York Mellon makes up about 0.9% of Sunesis Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. raised its position in shares of 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 worth $26,000 after purchasing an additional 127 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in Bank of New York Mellon in the 3rd quarter worth about $33,000. Caldwell Trust Co purchased a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $36,000. Princeton Global Asset Management LLC increased its stake in Bank of New York Mellon by 89.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 446 shares of the bank’s stock worth $41,000 after buying an additional 210 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in shares of Bank of New York Mellon by 198.9% during the second quarter. Quaker Wealth Management LLC now owns 450 shares of the bank’s stock valued at $41,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Price Performance

Shares of BK stock opened at $124.42 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.71 and a quick ratio of 0.70. The company has a market capitalization of $86.76 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The firm’s 50-day moving average is $118.30 and its two-hundred day moving average is $110.38. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $125.89.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. The business had revenue of $5.07 billion during the quarter. Bank of New York Mellon had a net margin of 13.62% and a return on equity of 14.37%. Analysts predict that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 23rd were given a $0.53 dividend. The ex-dividend date was Friday, January 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 1.7%. Bank of New York Mellon’s payout ratio is currently 28.61%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BK shares. Barclays lifted their price target on Bank of New York Mellon from $120.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. TD Cowen lifted their target price on shares of Bank of New York Mellon from $133.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings upgraded shares of Bank of New York Mellon from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, January 27th. Morgan Stanley raised their price target on shares of Bank of New York Mellon from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada upped their price objective on shares of Bank of New York Mellon from $124.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.92.

Bank of New York Mellon Company Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.