Bank of New York Mellon Corp (BK) Position Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in shares of Bank of New York Mellon Corp (NYSE:BK) by 13.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 362,189 shares of the bank’s stock after buying an additional 43,464 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Bank of New York Mellon were worth $18,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Rowland & Co. Investment Counsel ADV bought a new stake in Bank of New York Mellon during the 2nd quarter valued at $102,000. Quad Cities Investment Group LLC purchased a new position in Bank of New York Mellon during the 2nd quarter valued at $102,000. Kaizen Advisory LLC increased its position in Bank of New York Mellon by 157.6% during the 2nd quarter. Kaizen Advisory LLC now owns 2,558 shares of the bank’s stock valued at $138,000 after purchasing an additional 1,565 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Bank of New York Mellon during the 2nd quarter valued at $172,000. Finally, Squar Milner Financial Services LLC purchased a new position in Bank of New York Mellon during the 2nd quarter valued at $180,000. Institutional investors own 83.46% of the company’s stock.

A number of research analysts have issued reports on BK shares. Citigroup reduced their price objective on shares of Bank of New York Mellon from $66.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Vining Sparks reissued a “buy” rating and set a $62.00 price objective on shares of Bank of New York Mellon in a research report on Tuesday, October 9th. Deutsche Bank boosted their price objective on shares of Bank of New York Mellon from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research downgraded shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Keefe, Bruyette & Woods set a $56.00 price objective on shares of Bank of New York Mellon and gave the company a “hold” rating in a research report on Thursday, July 19th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.38.

NYSE:BK opened at $46.92 on Wednesday. The stock has a market capitalization of $45.47 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.81. Bank of New York Mellon Corp has a 1-year low of $45.16 and a 1-year high of $58.99.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Thursday, October 18th. The bank reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.15 billion. Bank of New York Mellon had a net margin of 24.92% and a return on equity of 11.48%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, analysts forecast that Bank of New York Mellon Corp will post 4.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 30th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, October 29th. Bank of New York Mellon’s dividend payout ratio is presently 31.11%.

Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

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

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