The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,407 shares of the bank’s stock after selling 16,011 shares during the quarter. Trillium Asset Management LLC’s holdings in Bank of New York Mellon were worth $13,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Bank of New York Mellon by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 13,760 shares of the bank’s stock valued at $989,000 after acquiring an additional 1,162 shares during the last quarter. Claro Advisors LLC acquired a new position in shares of Bank of New York Mellon during the 3rd quarter valued at about $299,000. Drive Wealth Management LLC acquired a new position in shares of Bank of New York Mellon during the 3rd quarter valued at about $244,000. Caprock Group LLC acquired a new position in shares of Bank of New York Mellon during the 3rd quarter valued at about $2,963,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Bank of New York Mellon by 27.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 285,307 shares of the bank’s stock valued at $20,502,000 after acquiring an additional 60,579 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Up 0.2 %

Shares of NYSE:BK opened at $82.62 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a market capitalization of $59.32 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm’s 50-day moving average is $84.48 and its two-hundred day moving average is $78.76. The Bank of New York Mellon Co. has a 1 year low of $52.64 and a 1 year 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, topping analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Analysts predict 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. Investors of record on Monday, January 27th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.28%. Bank of New York Mellon’s payout ratio is 32.36%.

Wall Street Analysts Forecast Growth

BK has been the topic of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 price target on shares of Bank of New York Mellon in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Morgan Stanley boosted their price objective on shares of 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. Citigroup boosted their price objective on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $89.50.

About Bank of New York Mellon

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.