B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in The Bank of New York Mellon Co. (NYSE:BK)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in The Bank of New York Mellon Co. (NYSE:BK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,618 shares of the bank’s stock, valued at approximately $3,997,000.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in Bank of New York Mellon by 160,472.7% in the first quarter. Acadian Asset Management LLC now owns 52,989 shares of the bank’s stock valued at $3,051,000 after purchasing an additional 52,956 shares during the period. Covestor Ltd increased its position in Bank of New York Mellon by 31.5% in the 1st quarter. Covestor Ltd now owns 1,398 shares of the bank’s stock valued at $80,000 after acquiring an additional 335 shares during the period. Bessemer Group Inc. increased its position in Bank of New York Mellon by 128.8% in the 1st quarter. Bessemer Group Inc. now owns 30,755 shares of the bank’s stock valued at $1,771,000 after acquiring an additional 17,312 shares during the period. Lake Street Advisors Group LLC purchased a new stake in Bank of New York Mellon during the 1st quarter valued at approximately $261,000. Finally, Natixis lifted its position in Bank of New York Mellon by 22.2% during the 1st quarter. Natixis now owns 77,106 shares of the bank’s stock worth $4,443,000 after acquiring an additional 14,023 shares during the period. 85.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the completion of the transaction, the executive vice president now directly owns 75,404 shares in the company, valued at approximately $5,754,079.24. The trade was a 24.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Hanneke Smits sold 16,475 shares of Bank of New York Mellon stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the sale, the vice president now directly owns 157,455 shares of the company’s stock, valued at approximately $12,040,583.85. This represents a 9.47 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BK has been the subject of several recent research reports. Evercore ISI increased their price target on Bank of New York Mellon from $66.00 to $77.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $79.00 price target on shares of Bank of New York Mellon in a report on Monday, October 14th. Barclays lifted their price objective on Bank of New York Mellon from $75.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, UBS Group increased their target price on Bank of New York Mellon from $73.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.23.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock opened at $77.86 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. The firm’s 50-day simple moving average is $74.60 and its 200 day simple moving average is $66.40. The Bank of New York Mellon Co. has a 52 week low of $46.71 and a 52 week high of $80.29. The firm has a market capitalization of $56.61 billion, a PE ratio of 16.93, a P/E/G ratio of 0.89 and a beta of 1.07.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Friday, October 11th. The bank reported $1.52 EPS for the quarter, beating the consensus estimate of $1.41 by $0.11. Bank of New York Mellon had a net margin of 9.44% and a return on equity of 12.06%. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. On average, equities research analysts predict that The Bank of New York Mellon Co. will post 5.82 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, October 21st. Bank of New York Mellon’s payout ratio is currently 40.87%.

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.