Stratos Wealth Partners LTD. Decreases Position in The Bank of New York Mellon Co. (NYSE:BK)

Stratos Wealth Partners LTD. decreased its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,396 shares of the bank’s stock after selling 1,096 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Bank of New York Mellon were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BK. Wedmont Private Capital lifted its stake in Bank of New York Mellon by 9.4% during the 3rd quarter. Wedmont Private Capital now owns 5,724 shares of the bank’s stock valued at $415,000 after acquiring an additional 493 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Bank of New York Mellon by 288.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,984 shares of the bank’s stock worth $430,000 after purchasing an additional 4,445 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Bank of New York Mellon by 4.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 8,902 shares of the bank’s stock worth $640,000 after purchasing an additional 372 shares during the period. Ritholtz Wealth Management raised its stake in Bank of New York Mellon by 10.9% during the 3rd quarter. Ritholtz Wealth Management now owns 27,643 shares of the bank’s stock valued at $1,986,000 after buying an additional 2,718 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Bank of New York Mellon by 36.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 6,670 shares of the bank’s stock valued at $479,000 after buying an additional 1,765 shares during the period. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

NYSE BK opened at $86.15 on Monday. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $87.70. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The firm has a market cap of $62.64 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08. The business has a 50-day moving average price of $80.70 and a 200-day moving average price of $74.75.

Bank of New York Mellon (NYSE:BK) last released its quarterly 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. 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 analysts’ expectations of $4.66 billion. During the same quarter last year, the business posted $1.28 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities research analysts predict that The Bank of New York Mellon Co. will post 6.89 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a $0.47 dividend. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 2.18%. Bank of New York Mellon’s dividend payout ratio is currently 32.36%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup upped their price objective on Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Morgan Stanley increased their price objective on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” 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 research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and a consensus 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.