Achmea Investment Management B.V. Has $29.32 Million Stake in The Bank of New York Mellon Corporation $BK

Achmea Investment Management B.V. decreased its position in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,071 shares of the bank’s stock after selling 13,726 shares during the period. Achmea Investment Management B.V.’s holdings in Bank of New York Mellon were worth $29,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BK. Ashton Thomas Private Wealth LLC raised its position in Bank of New York Mellon by 133.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 91,762 shares of the bank’s stock valued at $9,998,000 after purchasing an additional 52,412 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Bank of New York Mellon by 35.1% during the third quarter. Jones Financial Companies Lllp now owns 31,848 shares of the bank’s stock worth $3,487,000 after purchasing an additional 8,277 shares during the last quarter. Investment Management Corp of Ontario grew its holdings in shares of Bank of New York Mellon by 25.9% during the second quarter. Investment Management Corp of Ontario now owns 125,506 shares of the bank’s stock worth $11,435,000 after purchasing an additional 25,842 shares during the last quarter. First National Advisers LLC acquired a new position in shares of Bank of New York Mellon in the third quarter valued at approximately $3,304,000. Finally, First Horizon Corp bought a new position in Bank of New York Mellon in the 3rd quarter valued at approximately $22,072,000. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Trading Up 0.6%

NYSE BK opened at $116.11 on Wednesday. The firm has a market cap of $79.91 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.08 and a beta of 1.10. The Bank of New York Mellon Corporation has a 1-year low of $70.46 and a 1-year high of $128.76. The stock has a 50-day moving average of $119.43 and a 200-day moving average of $113.42. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81.

Bank of New York Mellon (NYSE:BK) last posted 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 for the quarter. Bank of New York Mellon had a return on equity of 14.37% and a net margin of 13.62%. As a group, sell-side analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $2.12 annualized dividend and a yield of 1.8%. Bank of New York Mellon’s dividend payout ratio is presently 28.61%.

Wall Street Analysts Forecast Growth

BK has been the topic of several recent research reports. Barclays lifted their target price on shares of Bank of New York Mellon from $120.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. New Street Research set a $143.00 price objective on Bank of New York Mellon in a report on Wednesday, January 14th. Keefe, Bruyette & Woods raised their target price on Bank of New York Mellon from $132.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Wells Fargo & Company lifted their target price on Bank of New York Mellon from $119.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Finally, Citigroup initiated coverage on shares of Bank of New York Mellon in a research report on Monday, February 23rd. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank of New York Mellon has an average rating of “Moderate Buy” and an average target price of $131.92.

About Bank of New York Mellon

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.