UBS Asset Management Americas Inc. Has $289.19 Million Holdings in Bank of New York Mellon Corp (BK)

UBS Asset Management Americas Inc. boosted its stake in shares of Bank of New York Mellon Corp (NYSE:BK) by 71.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,369,313 shares of the bank’s stock after purchasing an additional 2,229,702 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.53% of Bank of New York Mellon worth $289,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC grew its position in Bank of New York Mellon by 15.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,712 shares of the bank’s stock worth $138,000 after purchasing an additional 363 shares during the period. Atria Investments LLC grew its position in Bank of New York Mellon by 7.6% during the 4th quarter. Atria Investments LLC now owns 12,263 shares of the bank’s stock worth $660,000 after purchasing an additional 871 shares during the period. Winslow Evans & Crocker Inc. grew its position in Bank of New York Mellon by 13.4% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 8,898 shares of the bank’s stock worth $472,000 after purchasing an additional 1,051 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in Bank of New York Mellon by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 40,683 shares of the bank’s stock worth $2,157,000 after purchasing an additional 1,100 shares during the period. Finally, SevenBridge Financial Group LLC grew its position in Bank of New York Mellon by 4.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 28,864 shares of the bank’s stock worth $1,530,000 after purchasing an additional 1,108 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Bank of New York Mellon Corp (NYSE:BK) opened at $56.25 on Friday. The firm has a market cap of $56,914.90, a PE ratio of 15.08, a P/E/G ratio of 1.79 and a beta of 1.21. Bank of New York Mellon Corp has a 12 month low of $45.12 and a 12 month high of $58.99. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.82.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $0.91 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.91. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4.01 billion. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. Bank of New York Mellon’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. equities analysts anticipate that Bank of New York Mellon Corp will post 4.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Tuesday, January 30th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio is presently 25.74%.

In other Bank of New York Mellon news, Director Edward P. Garden sold 143,792 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $52.52, for a total value of $7,551,955.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward P. Garden sold 650,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $52.60, for a total transaction of $34,190,000.00. The disclosure for this sale can be found here. Insiders sold a total of 831,944 shares of company stock worth $43,807,887 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on the company. Jefferies Group reaffirmed a “hold” rating on shares of Bank of New York Mellon in a research report on Friday, October 20th. Morgan Stanley increased their target price on shares of Bank of New York Mellon from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Citigroup raised shares of Bank of New York Mellon from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, January 10th. Vining Sparks reissued a “buy” rating and set a $62.00 target price on shares of Bank of New York Mellon in a research note on Monday, January 8th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $58.00 target price (up from $52.85) on shares of Bank of New York Mellon in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Bank of New York Mellon currently has a consensus rating of “Hold” and an average price target of $56.76.

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Bank of New York Mellon 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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