Stifel Financial Corp Buys 3,277 Shares of Bank Of New York Mellon Corporation (The) (BK)

Stifel Financial Corp lifted its stake in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,641 shares of the bank’s stock after buying an additional 3,277 shares during the quarter. Stifel Financial Corp’s holdings in Bank Of New York Mellon were worth $26,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BK. Vanguard Group Inc. raised its stake in Bank Of New York Mellon by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock valued at $3,439,792,000 after purchasing an additional 1,071,088 shares during the period. Berkshire Hathaway Inc. raised its stake in Bank Of New York Mellon by 52.2% during the 2nd quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock valued at $2,562,715,000 after purchasing an additional 17,217,529 shares during the period. First Eagle Investment Management LLC raised its stake in Bank Of New York Mellon by 1.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 19,753,288 shares of the bank’s stock valued at $1,047,319,000 after purchasing an additional 271,858 shares during the period. Longview Partners Guernsey LTD raised its stake in Bank Of New York Mellon by 5.2% during the 3rd quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock valued at $921,593,000 after purchasing an additional 862,800 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Bank Of New York Mellon by 5.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock valued at $771,927,000 after purchasing an additional 838,301 shares during the period. 82.83% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Vice Chairman Brian T. Shea sold 22,228 shares of Bank Of New York Mellon stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $51.26, for a total value of $1,139,407.28. Following the completion of the transaction, the insider now owns 181,815 shares in the company, valued at approximately $9,319,836.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward P. Garden sold 143,792 shares of Bank Of New York Mellon stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $52.52, for a total value of $7,551,955.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,670,182 shares of company stock valued at $402,890,932. Company insiders own 3.60% of the company’s stock.

Bank Of New York Mellon Corporation (BK) opened at $54.97 on Tuesday. The firm has a market capitalization of $55,758.00, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. Bank Of New York Mellon Corporation has a 1-year low of $43.85 and a 1-year high of $55.40.

Bank Of New York Mellon (NYSE:BK) last announced its earnings results on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. equities research analysts expect that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Tuesday, October 31st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Monday, October 30th. Bank Of New York Mellon’s dividend payout ratio (DPR) is 28.07%.

Several analysts recently issued reports on BK shares. UBS downgraded Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and set a $58.00 target price on shares of Bank Of New York Mellon in a research note on Wednesday, November 15th. Morgan Stanley raised their price target on Bank Of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Goldman Sachs Group restated a “buy” rating and set a $58.00 price target (up previously from $52.85) on shares of Bank Of New York Mellon in a report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and set a $56.00 price target on shares of Bank Of New York Mellon in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $55.28.

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About Bank Of New York Mellon

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.

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

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