Kintegral Advisory LLC Sells 4,949 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Kintegral Advisory LLC trimmed its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,245 shares of the bank’s stock after selling 4,949 shares during the period. Bank of New York Mellon makes up approximately 0.8% of Kintegral Advisory LLC’s holdings, making the stock its 26th largest position. Kintegral Advisory LLC’s holdings in Bank of New York Mellon were worth $8,163,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Redmond Asset Management LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter worth approximately $744,000. Greystone Financial Group LLC boosted its position in shares of Bank of New York Mellon by 2.4% during the fourth quarter. Greystone Financial Group LLC now owns 157,219 shares of the bank’s stock valued at $12,079,000 after buying an additional 3,615 shares during the last quarter. Transcend Capital Advisors LLC bought a new stake in Bank of New York Mellon in the 4th quarter worth about $282,000. Bradley Foster & Sargent Inc. CT lifted its stake in Bank of New York Mellon by 0.3% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 95,637 shares of the bank’s stock valued at $7,348,000 after acquiring an additional 304 shares during the period. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Bank of New York Mellon during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 0.1 %

Shares of NYSE BK opened at $87.29 on Friday. The Bank of New York Mellon Co. has a fifty-two week low of $52.64 and a fifty-two week high of $89.44. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.00 and a beta of 1.08. The business’s 50 day moving average price is $82.04 and its 200-day moving average price is $76.26. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. Bank of New York Mellon’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. On average, sell-side analysts expect that The Bank of New York Mellon Co. will post 6.93 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s payout ratio is currently 32.36%.

Analyst Ratings Changes

BK has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Barclays increased their target price on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wolfe Research downgraded shares of Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Truist Financial boosted their price target on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.00.

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.