First Allied Advisory Services Inc. Buys 1,248 Shares of Bank of New York Mellon Corp (BK)

First Allied Advisory Services Inc. increased its stake in Bank of New York Mellon Corp (NYSE:BK) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,002 shares of the bank’s stock after purchasing an additional 1,248 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Bank of New York Mellon were worth $1,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BK. Capital International Investors grew its position in shares of Bank of New York Mellon by 120.8% in the third quarter. Capital International Investors now owns 23,045,005 shares of the bank’s stock valued at $1,221,846,000 after purchasing an additional 12,607,183 shares in the last quarter. American Century Companies Inc. grew its position in Bank of New York Mellon by 39.2% during the third quarter. American Century Companies Inc. now owns 6,008,434 shares of the bank’s stock worth $318,567,000 after buying an additional 1,691,889 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Bank of New York Mellon by 118.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,722,972 shares of the bank’s stock worth $91,352,000 after buying an additional 932,700 shares in the last quarter. Longview Partners Guernsey LTD grew its position in Bank of New York Mellon by 5.2% during the third quarter. Longview Partners Guernsey LTD now owns 17,381,984 shares of the bank’s stock worth $921,593,000 after buying an additional 862,800 shares in the last quarter. Finally, Capital Bank & Trust Co grew its position in Bank of New York Mellon by 73.3% during the third quarter. Capital Bank & Trust Co now owns 1,755,122 shares of the bank’s stock worth $93,057,000 after buying an additional 742,148 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

In other news, CFO Thomas P. Gibbons sold 38,152 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $54.15, for a total value of $2,065,930.80. Following the completion of the sale, the chief financial officer now owns 310,002 shares of the company’s stock, valued at approximately $16,786,608.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

Shares of Bank of New York Mellon Corp (NYSE BK) opened at $56.42 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.69 and a current ratio of 0.70. Bank of New York Mellon Corp has a 52 week low of $45.12 and a 52 week high of $58.99. The stock has a market capitalization of $57,006.11, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.

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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.91. Bank of New York Mellon had a return on equity of 10.69% and a net margin of 24.72%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. sell-side analysts forecast that Bank of New York Mellon Corp will post 4.06 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Tuesday, January 30th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 25.74%.

Several equities analysts recently commented on the company. ValuEngine upgraded Bank of New York Mellon from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Morgan Stanley upgraded Bank of New York Mellon from an “equal weight” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Friday, January 19th. Barclays restated a “buy” rating on shares of Bank of New York Mellon in a research report on Sunday, January 21st. Citigroup upgraded Bank of New York Mellon from a “neutral” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, January 10th. Finally, Vining Sparks restated a “hold” rating and set a $60.00 target price on shares of Bank of New York Mellon in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Bank of New York Mellon has an average rating of “Hold” and a consensus target price of $56.76.

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About Bank of New York Mellon

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.

Institutional Ownership by Quarter for Bank of New York Mellon (NYSE:BK)

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