Bank Of New York Mellon Corporation (The) (BK) Holding Maintained by Rand Wealth LLC

Bank Of New York Mellon Corporation (The) (BK) Holding Maintained by Rand Wealth LLC

Rand Wealth LLC maintained its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,221 shares of the company’s stock at the end of the third quarter. Rand Wealth LLC’s holdings in Bank Of New York Mellon Corporation (The) were worth $2,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BK. LS Investment Advisors LLC raised its stake in Bank Of New York Mellon Corporation (The) by 6.5% in the second quarter. LS Investment Advisors LLC now owns 40,278 shares of the company’s stock worth $1,565,000 after buying an additional 2,450 shares during the period. American Century Companies Inc. purchased a new stake in Bank Of New York Mellon Corporation (The) during the second quarter valued at approximately $39,102,000. ING Groep NV purchased a new stake in Bank Of New York Mellon Corporation (The) during the second quarter valued at approximately $1,483,000. LMR Partners LLP raised its stake in Bank Of New York Mellon Corporation (The) by 112.8% in the second quarter. LMR Partners LLP now owns 11,861 shares of the company’s stock valued at $461,000 after buying an additional 6,288 shares during the last quarter. Finally, Baker Ellis Asset Management LLC raised its stake in Bank Of New York Mellon Corporation (The) by 2.1% in the second quarter. Baker Ellis Asset Management LLC now owns 50,356 shares of the company’s stock valued at $1,956,000 after buying an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Bank Of New York Mellon Corporation (NYSE:BK) opened at 44.73 on Wednesday. The stock has a market cap of $46.85 billion, a price-to-earnings ratio of 14.20 and a beta of 1.30. The firm has a 50-day moving average price of $46.85 and a 200-day moving average price of $43.34. Bank Of New York Mellon Corporation has a one year low of $32.20 and a one year high of $49.54.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its quarterly earnings data on Thursday, January 19th. The company reported $0.77 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.77. Bank Of New York Mellon Corporation (The) had a return on equity of 9.74% and a net margin of 22.64%. The company earned $3.79 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts predict that Bank Of New York Mellon Corporation will post $3.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Tuesday, January 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, January 27th. Bank Of New York Mellon Corporation (The)’s dividend payout ratio is currently 24.05%.

Several equities analysts recently commented on BK shares. Zacks Investment Research raised shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, October 14th. Barclays PLC reiterated a “buy” rating and issued a $48.00 price target on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday, October 11th. Deutsche Bank AG reiterated a “buy” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, October 21st. Morgan Stanley upgraded shares of Bank Of New York Mellon Corporation (The) from an “underweight” rating to an “equal weight” rating in a report on Friday, October 21st. Finally, Keefe, Bruyette & Woods downgraded shares of Bank Of New York Mellon Corporation (The) from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $54.00 to $48.00 in a report on Friday, January 20th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $49.00.

Bank Of New York Mellon Corporation (The) Company Profile

The Bank of New York Mellon Corporation (BNY Mellon) 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 credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of New York Mellon Corporation (The) (NYSE:BK).

Related posts

Leave a Comment