The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in The Bank of New York Mellon Co. (NYSE:BK) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,352 shares of the bank’s stock after acquiring an additional 1,411 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Bank of New York Mellon were worth $903,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CX Institutional lifted its stake in Bank of New York Mellon by 4.5% during the third quarter. CX Institutional now owns 7,795 shares of the bank’s stock worth $332,000 after purchasing an additional 339 shares during the last quarter. Oak Thistle LLC purchased a new stake in Bank of New York Mellon during the third quarter worth approximately $532,000. Czech National Bank lifted its stake in Bank of New York Mellon by 60.1% in the third quarter. Czech National Bank now owns 136,115 shares of the bank’s stock valued at $5,805,000 after buying an additional 51,104 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Bank of New York Mellon by 0.7% in the third quarter. Handelsbanken Fonder AB now owns 221,743 shares of the bank’s stock valued at $9,457,000 after buying an additional 1,522 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Bank of New York Mellon by 16.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,580 shares of the bank’s stock valued at $409,000 after buying an additional 1,355 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock opened at $57.31 on Friday. The Bank of New York Mellon Co. has a 12 month low of $39.65 and a 12 month high of $58.28. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.72. The business has a 50 day simple moving average of $56.01 and a 200-day simple moving average of $51.77. The stock has a market capitalization of $43.15 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Tuesday, April 16th. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.19 by $0.10. Bank of New York Mellon had a return on equity of 11.80% and a net margin of 9.48%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that The Bank of New York Mellon Co. will post 5.43 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Friday, April 26th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, April 25th. Bank of New York Mellon’s dividend payout ratio is presently 40.98%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on Bank of New York Mellon from $57.00 to $61.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Citigroup boosted their price objective on Bank of New York Mellon from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $58.00 price objective on shares of Bank of New York Mellon in a research note on Wednesday, March 27th. Bank of America boosted their price objective on Bank of New York Mellon from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Morgan Stanley boosted their price objective on Bank of New York Mellon from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.17.

Insider Buying and Selling

In related news, EVP J Kevin Mccarthy sold 40,000 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $56.15, for a total transaction of $2,246,000.00. Following the transaction, the executive vice president now owns 100,404 shares of the company’s stock, valued at $5,637,684.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bank of New York Mellon news, VP Catherine Keating sold 54,070 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $54.88, for a total value of $2,967,361.60. Following the sale, the vice president now owns 78,350 shares of the company’s stock, valued at $4,299,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J Kevin Mccarthy sold 40,000 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $56.15, for a total value of $2,246,000.00. Following the completion of the sale, the executive vice president now directly owns 100,404 shares in the company, valued at approximately $5,637,684.60. The disclosure for this sale can be found here. Insiders have sold 98,568 shares of company stock valued at $5,459,897 over the last quarter. Company insiders own 0.14% of the company’s stock.

About Bank of New York Mellon

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.