The Bank of New York Mellon Co. (NYSE:BK) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,965 shares of the bank’s stock after purchasing an additional 17,457 shares during the quarter. Natixis Advisors LLC’s holdings in Bank of New York Mellon were worth $21,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BK. Picton Mahoney Asset Management lifted its position in shares of Bank of New York Mellon by 20.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,200 shares of the bank’s stock valued at $92,000 after buying an additional 200 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Bank of New York Mellon by 2.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 162,376 shares of the bank’s stock valued at $12,475,000 after buying an additional 4,200 shares in the last quarter. PGGM Investments lifted its position in shares of Bank of New York Mellon by 3.9% during the 4th quarter. PGGM Investments now owns 200,252 shares of the bank’s stock valued at $15,385,000 after buying an additional 7,455 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Bank of New York Mellon by 0.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 620,730 shares of the bank’s stock valued at $47,864,000 after buying an additional 2,319 shares in the last quarter. Finally, Erste Asset Management GmbH lifted its position in shares of Bank of New York Mellon by 4.2% during the 4th quarter. Erste Asset Management GmbH now owns 109,241 shares of the bank’s stock valued at $8,472,000 after buying an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley raised their price objective on Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays raised their price objective on Bank of New York Mellon from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Bank of America raised their price objective on Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI raised their price objective on Bank of New York Mellon from $79.00 to $83.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.50.

Bank of New York Mellon Stock Up 0.9 %

Shares of NYSE:BK opened at $82.47 on Tuesday. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.97 and a beta of 1.06. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $84.39 and a 200 day moving average price of $78.66. The Bank of New York Mellon Co. has a 12-month low of $52.64 and a 12-month high of $90.34.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.18. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. Sell-side analysts expect that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio is currently 32.36%.

Bank of New York Mellon Company 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.