The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Dakota Wealth Management

Dakota Wealth Management raised its position in The Bank of New York Mellon Co. (NYSE:BK) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 174,637 shares of the bank’s stock after acquiring an additional 9,170 shares during the period. Dakota Wealth Management’s holdings in Bank of New York Mellon were worth $13,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Bank of New York Mellon by 9.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 144,580 shares of the bank’s stock valued at $11,108,000 after purchasing an additional 12,084 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Bank of New York Mellon by 9.5% in the 4th quarter. Simon Quick Advisors LLC now owns 5,389 shares of the bank’s stock worth $414,000 after acquiring an additional 468 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Bank of New York Mellon by 10.3% in the 4th quarter. Atomi Financial Group Inc. now owns 9,362 shares of the bank’s stock worth $719,000 after acquiring an additional 873 shares during the last quarter. Transform Wealth LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter worth approximately $9,683,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Bank of New York Mellon by 1,956.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 8,409 shares of the bank’s stock worth $646,000 after acquiring an additional 8,000 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Trading Up 2.0 %

Shares of NYSE:BK opened at $84.92 on Wednesday. The Bank of New York Mellon Co. has a 52 week low of $52.64 and a 52 week high of $85.00. The company’s 50 day moving average is $78.96 and its two-hundred day moving average is $72.57. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The company has a market cap of $61.74 billion, a PE ratio of 14.62, a P/E/G ratio of 0.95 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. Equities analysts predict that The Bank of New York Mellon Co. will post 6.86 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Analysts Set New Price Targets

Several equities analysts have recently commented on BK shares. Evercore ISI upped their price objective on shares of Bank of New York Mellon from $79.00 to $83.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of Bank of New York Mellon from $82.00 to $86.00 and gave the stock an “equal weight” rating in a 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 report on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Bank of New York Mellon from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their target price on shares of Bank of New York Mellon from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.