Certuity LLC Has $467,000 Stake in The Bank of New York Mellon Co. (NYSE:BK)

Certuity LLC boosted its stake in The Bank of New York Mellon Co. (NYSE:BK) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,972 shares of the bank’s stock after buying an additional 205 shares during the quarter. Certuity LLC’s holdings in Bank of New York Mellon were worth $467,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Kestra Private Wealth Services LLC boosted its stake in Bank of New York Mellon by 3.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,059 shares of the bank’s stock valued at $419,000 after buying an additional 241 shares in the last quarter. Ledyard National Bank acquired a new position in Bank of New York Mellon in the fourth quarter worth $285,000. Van ECK Associates Corp boosted its stake in Bank of New York Mellon by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 3,646,496 shares of the bank’s stock worth $189,800,000 after purchasing an additional 104,558 shares in the last quarter. Choreo LLC boosted its stake in Bank of New York Mellon by 1.8% in the fourth quarter. Choreo LLC now owns 11,903 shares of the bank’s stock worth $620,000 after purchasing an additional 208 shares in the last quarter. Finally, Gilbert & Cook Inc. boosted its stake in Bank of New York Mellon by 4.7% in the fourth quarter. Gilbert & Cook Inc. now owns 9,361 shares of the bank’s stock worth $487,000 after purchasing an additional 419 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Trading Down 1.5 %

NYSE BK opened at $56.49 on Wednesday. The Bank of New York Mellon Co. has a 12 month low of $39.65 and a 12 month high of $58.28. The stock has a 50-day simple moving average of $56.08 and a 200 day simple moving average of $52.13. The company has a market capitalization of $42.53 billion, a PE ratio of 13.78, a P/E/G ratio of 1.23 and a beta of 1.12. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.90.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Tuesday, April 16th. The bank reported $1.29 earnings per share (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 company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts forecast that The Bank of New York Mellon Co. will post 5.43 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 26th will be issued a $0.42 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.97%. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 40.98%.

Analysts Set New Price Targets

A number of research firms have commented on BK. UBS Group boosted their price objective on Bank of New York Mellon from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Citigroup boosted their target price on Bank of New York Mellon from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Jefferies Financial Group boosted their target price on Bank of New York Mellon from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada restated a “sector perform” rating and set a $58.00 target price on shares of Bank of New York Mellon in a research report on Wednesday, March 27th. Finally, Morgan Stanley boosted their target price on Bank of New York Mellon from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.17.

Insider Transactions at Bank of New York Mellon

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