First American Trust FSB Buys 1,783 Shares of The Bank of New York Mellon Co. (NYSE:BK)

First American Trust FSB raised its stake in The Bank of New York Mellon Co. (NYSE:BK) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,049 shares of the bank’s stock after purchasing an additional 1,783 shares during the period. First American Trust FSB’s holdings in Bank of New York Mellon were worth $4,153,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prospera Financial Services Inc boosted its holdings in Bank of New York Mellon by 11.4% in the third quarter. Prospera Financial Services Inc now owns 5,294 shares of the bank’s stock worth $381,000 after acquiring an additional 542 shares in the last quarter. Nwam LLC acquired a new position in shares of Bank of New York Mellon during the third quarter worth approximately $245,000. Great Valley Advisor Group Inc. bought a new position in shares of Bank of New York Mellon in the 3rd quarter worth $219,000. Cerity Partners LLC grew its position in Bank of New York Mellon by 58.3% in the 3rd quarter. Cerity Partners LLC now owns 52,982 shares of the bank’s stock valued at $3,807,000 after purchasing an additional 19,518 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Bank of New York Mellon by 129.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 13,380 shares of the bank’s stock valued at $961,000 after purchasing an additional 7,537 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Up 1.4 %

BK opened at $84.76 on Tuesday. The Bank of New York Mellon Co. has a twelve month low of $52.64 and a twelve month high of $90.34. The company’s 50-day moving average price is $85.06 and its two-hundred day moving average price is $79.22. The stock has a market cap of $60.86 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. Bank of New York Mellon’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 32.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BK shares. Citigroup lifted their price objective on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com downgraded Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Barclays increased their price objective on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lifted their target price on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley increased their price target on Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Bank of New York Mellon has a consensus rating of “Moderate Buy” and a consensus price target of $89.71.

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.