Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $11.88 Million Stock Position in The Bank of New York Mellon Co. (NYSE:BK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,599 shares of the bank’s stock after selling 6,047 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bank of New York Mellon were worth $11,878,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BK. Empowered Funds LLC boosted its holdings in Bank of New York Mellon by 9.2% in the third quarter. Empowered Funds LLC now owns 13,760 shares of the bank’s stock worth $989,000 after acquiring an additional 1,162 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in Bank of New York Mellon by 11.4% in the third quarter. Prospera Financial Services Inc now owns 5,294 shares of the bank’s stock worth $381,000 after acquiring an additional 542 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Bank of New York Mellon in the third quarter worth approximately $1,909,000. Commerce Bank boosted its holdings in Bank of New York Mellon by 1.2% in the third quarter. Commerce Bank now owns 29,995 shares of the bank’s stock worth $2,155,000 after acquiring an additional 352 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Bank of New York Mellon by 33.1% in the third quarter. Advisors Asset Management Inc. now owns 61,988 shares of the bank’s stock worth $4,454,000 after acquiring an additional 15,419 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

Shares of Bank of New York Mellon stock opened at $83.46 on Friday. 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’s fifty day simple moving average is $84.88 and its 200 day simple moving average is $78.94. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $90.34. The firm has a market capitalization of $59.92 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, analysts anticipate 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 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio is currently 32.36%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BK. UBS Group increased their price target on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their target price on Bank of New York Mellon from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wolfe Research lowered Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. StockNews.com lowered Bank of New York Mellon from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s 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 $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.