Vident Investment Advisory LLC Acquires New Position in Bank Of New York Mellon Corporation (The) (BK)

Vident Investment Advisory LLC purchased a new stake in shares of Bank Of New York Mellon Corporation (The) (NYSE:BK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,216 shares of the bank’s stock, valued at approximately $2,556,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Country Trust Bank grew its stake in shares of Bank Of New York Mellon by 4.1% during the third quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock valued at $32,132,000 after purchasing an additional 23,683 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Bank Of New York Mellon by 24.7% in the second quarter. Toronto Dominion Bank now owns 364,150 shares of the bank’s stock valued at $18,577,000 after buying an additional 72,058 shares during the period. MUFG Americas Holdings Corp lifted its holdings in Bank Of New York Mellon by 5.3% in the second quarter. MUFG Americas Holdings Corp now owns 263,993 shares of the bank’s stock valued at $13,469,000 after buying an additional 13,228 shares during the period. Sei Investments Co. lifted its holdings in Bank Of New York Mellon by 7.4% in the third quarter. Sei Investments Co. now owns 1,020,622 shares of the bank’s stock valued at $54,102,000 after buying an additional 70,619 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in Bank Of New York Mellon in the second quarter valued at approximately $304,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Thomas P. Gibbons sold 38,152 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the sale, the chief financial officer now directly owns 310,002 shares in the company, valued at $16,786,608.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $51.26, for a total transaction of $1,139,407.28. Following the sale, the insider now owns 181,815 shares in the company, valued at $9,319,836.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,708,334 shares of company stock worth $404,956,863. 3.60% of the stock is currently owned by company insiders.

Shares of Bank Of New York Mellon Corporation (NYSE:BK) opened at $54.54 on Tuesday. Bank Of New York Mellon Corporation has a twelve month low of $43.85 and a twelve month high of $55.40. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The firm has a market cap of $55,983.28, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22.

Bank Of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Bank Of New York Mellon had a net margin of 23.14% and a return on equity of 10.51%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the business posted $0.90 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts anticipate that Bank Of New York Mellon Corporation will post 3.54 EPS for the current year.

Several brokerages recently weighed in on BK. Zacks Investment Research lowered shares of Bank Of New York Mellon from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. ValuEngine upgraded shares of Bank Of New York Mellon from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Jefferies Group restated a “hold” rating on shares of Bank Of New York Mellon in a report on Friday, October 20th. Credit Suisse Group restated a “hold” rating and issued a $55.00 price objective on shares of Bank Of New York Mellon in a report on Tuesday, October 10th. Finally, Citigroup restated a “neutral” rating and issued a $56.00 price objective (up from $53.00) on shares of Bank Of New York Mellon in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.28.

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Bank Of New York Mellon Company Profile

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

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Institutional Ownership by Quarter for Bank Of New York Mellon (NYSE:BK)

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