Hall Laurie J Trustee Acquires 1,440 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Hall Laurie J Trustee lifted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 36.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,345 shares of the bank’s stock after acquiring an additional 1,440 shares during the quarter. Hall Laurie J Trustee’s holdings in Bank of New York Mellon were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its stake in shares of Bank of New York Mellon by 97.1% in the first quarter. Brown Brothers Harriman & Co. now owns 609 shares of the bank’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Bank of New York Mellon in the 1st quarter worth approximately $36,000. Addison Advisors LLC grew its holdings in Bank of New York Mellon by 603.2% during the 3rd quarter. Addison Advisors LLC now owns 879 shares of the bank’s stock valued at $37,000 after buying an additional 754 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of Bank of New York Mellon during the third quarter worth $38,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Bank of New York Mellon in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 81.29% of the company’s stock.

Insider Activity at Bank of New York Mellon

In other news, VP Hanneke Smits sold 15,425 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $55.16, for a total transaction of $850,843.00. Following the transaction, the vice president now owns 119,656 shares in the company, valued at approximately $6,600,224.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Bank of New York Mellon news, VP Catherine Keating sold 4,498 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total transaction of $246,535.38. Following the completion of the sale, the vice president now directly owns 123,490 shares in the company, valued at approximately $6,768,486.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Hanneke Smits sold 15,425 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $55.16, for a total value of $850,843.00. Following the transaction, the vice president now directly owns 119,656 shares of the company’s stock, valued at approximately $6,600,224.96. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Bank of New York Mellon Price Performance

Shares of BK opened at $56.15 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $55.13 and its 200-day moving average price is $49.34. The firm has a market capitalization of $42.27 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11. The Bank of New York Mellon Co. has a 1-year low of $39.65 and a 1-year high of $56.42.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Friday, January 12th. The bank reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. Bank of New York Mellon had a return on equity of 11.63% and a net margin of 10.01%. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that The Bank of New York Mellon Co. will post 5.26 EPS for the current year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Stockholders of record on Monday, January 22nd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, January 19th. Bank of New York Mellon’s payout ratio is currently 42.32%.

Wall Street Analyst Weigh In

BK has been the subject of several research reports. UBS Group increased their price objective on shares of Bank of New York Mellon from $54.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Citigroup increased their price target on shares of Bank of New York Mellon from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upgraded Bank of New York Mellon from a “neutral” rating to an “overweight” rating and set a $54.50 price objective on the stock in a research report on Monday, December 18th. Finally, Morgan Stanley raised Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $52.00 to $62.00 in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.75.

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.