Janus Henderson Group PLC Sells 129,421 Shares of Bank of New York Mellon Corp (BK)

Janus Henderson Group PLC lowered its position in Bank of New York Mellon Corp (NYSE:BK) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 470,938 shares of the bank’s stock after selling 129,421 shares during the period. Janus Henderson Group PLC’s holdings in Bank of New York Mellon were worth $24,014,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Segall Bryant & Hamill LLC increased its position in Bank of New York Mellon by 0.8% in the second quarter. Segall Bryant & Hamill LLC now owns 114,420 shares of the bank’s stock worth $6,171,000 after buying an additional 954 shares during the last quarter. Country Club Trust Company n.a. increased its position in Bank of New York Mellon by 1.0% in the second quarter. Country Club Trust Company n.a. now owns 100,827 shares of the bank’s stock worth $5,437,000 after buying an additional 982 shares during the last quarter. Private Wealth Advisors Inc. increased its position in Bank of New York Mellon by 15.8% in the second quarter. Private Wealth Advisors Inc. now owns 7,340 shares of the bank’s stock worth $396,000 after buying an additional 1,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Bank of New York Mellon by 10.0% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,000 shares of the bank’s stock worth $593,000 after buying an additional 1,000 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in Bank of New York Mellon by 16.8% in the second quarter. Merit Financial Group LLC now owns 7,110 shares of the bank’s stock worth $383,000 after buying an additional 1,025 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

A number of research firms have issued reports on BK. Wolfe Research began coverage on Bank of New York Mellon in a research report on Tuesday, September 25th. They issued an “underperform” rating for the company. Citigroup decreased their target price on Bank of New York Mellon from $66.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, October 19th. Deutsche Bank decreased their target price on Bank of New York Mellon from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, November 16th. Zacks Investment Research raised Bank of New York Mellon from a “sell” rating to a “hold” rating and set a $57.00 target price for the company in a research report on Monday, September 17th. Finally, Keefe, Bruyette & Woods downgraded Bank of New York Mellon from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $55.00 to $49.00 in a research report on Friday, October 19th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Bank of New York Mellon has a consensus rating of “Hold” and an average target price of $57.77.

Shares of NYSE BK opened at $48.70 on Thursday. The firm has a market capitalization of $48.15 billion, a PE ratio of 13.53, a P/E/G ratio of 1.51 and a beta of 1.04. Bank of New York Mellon Corp has a fifty-two week low of $45.16 and a fifty-two week high of $58.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.69 and a quick ratio of 0.69.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Thursday, October 18th. The bank reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Bank of New York Mellon had a return on equity of 11.48% and a net margin of 24.92%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, equities research analysts predict that Bank of New York Mellon Corp will post 4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Tuesday, October 30th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, October 29th. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 31.11%.

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Bank of New York Mellon 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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