The Bank of New York Mellon Corporation $BK Position Raised by Captrust Financial Advisors

Captrust Financial Advisors grew its position in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 811,350 shares of the bank’s stock after acquiring an additional 4,973 shares during the quarter. Captrust Financial Advisors owned about 0.12% of Bank of New York Mellon worth $88,405,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Coldstream Capital Management Inc. boosted its stake in Bank of New York Mellon by 27.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,877 shares of the bank’s stock valued at $2,602,000 after purchasing an additional 5,075 shares during the period. Danske Bank A S acquired a new stake in shares of Bank of New York Mellon in the third quarter valued at approximately $65,973,000. Advisory Services Network LLC increased its stake in shares of Bank of New York Mellon by 4.7% in the third quarter. Advisory Services Network LLC now owns 28,958 shares of the bank’s stock valued at $3,155,000 after purchasing an additional 1,294 shares during the period. Dorsey Wright & Associates raised its holdings in shares of Bank of New York Mellon by 0.9% during the third quarter. Dorsey Wright & Associates now owns 87,688 shares of the bank’s stock valued at $9,555,000 after buying an additional 810 shares during the last quarter. Finally, OmniStar Financial Group Inc. raised its holdings in shares of Bank of New York Mellon by 20.4% during the third quarter. OmniStar Financial Group Inc. now owns 6,833 shares of the bank’s stock valued at $745,000 after buying an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Analyst Upgrades and Downgrades

BK has been the subject of a number of recent analyst reports. New Street Research set a $143.00 price objective on Bank of New York Mellon in a report on Wednesday, January 14th. Royal Bank Of Canada lifted their target price on 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. Weiss Ratings raised Bank of New York Mellon from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods raised their price target on Bank of New York Mellon from $132.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Finally, Barclays lifted their price objective on shares of Bank of New York Mellon from $120.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average target price of $131.92.

Bank of New York Mellon Stock Performance

Shares of NYSE BK opened at $114.61 on Thursday. The stock’s fifty day simple moving average is $119.32 and its 200 day simple moving average is $113.42. The stock has a market capitalization of $78.88 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.08 and a beta of 1.10. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The Bank of New York Mellon Corporation has a 52-week low of $70.46 and a 52-week high of $128.76.

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

Bank of New York Mellon Announces Dividend

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

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.