Tradewinds Capital Management LLC Has $341,000 Stake in The Bank of New York Mellon Co. (NYSE:BK)

Tradewinds Capital Management LLC grew its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 4,339.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,439 shares of the bank’s stock after purchasing an additional 4,339 shares during the period. Tradewinds Capital Management LLC’s holdings in Bank of New York Mellon were worth $341,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fisher Funds Management LTD bought a new stake in Bank of New York Mellon during the fourth quarter worth about $10,390,000. Sigma Planning Corp lifted its holdings in shares of Bank of New York Mellon by 7.2% during the 4th quarter. Sigma Planning Corp now owns 5,862 shares of the bank’s stock worth $450,000 after acquiring an additional 392 shares during the period. Redmond Asset Management LLC acquired a new stake in shares of Bank of New York Mellon during the 4th quarter worth approximately $744,000. Greystone Financial Group LLC increased its stake in Bank of New York Mellon by 2.4% in the fourth quarter. Greystone Financial Group LLC now owns 157,219 shares of the bank’s stock valued at $12,079,000 after acquiring an additional 3,615 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in shares of Bank of New York Mellon in the 4th quarter valued at $282,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon Trading Up 0.1 %

BK opened at $87.29 on Friday. The stock has a market cap of $63.46 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $89.44. The company has a fifty day moving average of $82.04 and a 200-day moving average of $76.36.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business earned $1.28 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts predict that The Bank of New York Mellon Co. will post 6.94 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Analyst Ratings Changes

A number of research analysts have issued reports on BK shares. Truist Financial lifted their target price on Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. UBS Group upped their price objective on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. StockNews.com cut shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday. Wolfe Research cut Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Bank of New York Mellon from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.