Bank of New York Mellon Corp (NYSE:BK) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Bank of New York Mellon Corp (NYSE:BK) by 49.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,872 shares of the bank’s stock after acquiring an additional 89,692 shares during the period. SG Americas Securities LLC’s holdings in Bank of New York Mellon were worth $12,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Bank of New York Mellon by 0.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 54,282 shares of the bank’s stock worth $2,397,000 after buying an additional 218 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Bank of New York Mellon by 1.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 17,821 shares of the bank’s stock worth $786,000 after buying an additional 221 shares during the period. St. Johns Investment Management Company LLC lifted its stake in shares of Bank of New York Mellon by 1.7% during the second quarter. St. Johns Investment Management Company LLC now owns 13,564 shares of the bank’s stock worth $599,000 after buying an additional 227 shares during the period. Endurance Wealth Management Inc. lifted its stake in shares of Bank of New York Mellon by 23.0% during the third quarter. Endurance Wealth Management Inc. now owns 1,335 shares of the bank’s stock worth $60,000 after buying an additional 250 shares during the period. Finally, Schulhoff & Co. Inc. lifted its stake in shares of Bank of New York Mellon by 1.1% during the third quarter. Schulhoff & Co. Inc. now owns 24,213 shares of the bank’s stock worth $1,094,000 after buying an additional 253 shares during the period. Institutional investors own 82.34% of the company’s stock.

In other Bank of New York Mellon news, EVP Mitchell E. Harris sold 50,000 shares of Bank of New York Mellon stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $44.60, for a total value of $2,230,000.00. Following the completion of the transaction, the executive vice president now owns 142,266 shares of the company’s stock, valued at $6,345,063.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is currently owned by insiders.

Shares of Bank of New York Mellon stock traded down $0.20 during trading on Friday, hitting $49.20. 3,381,908 shares of the company’s stock were exchanged, compared to its average volume of 5,128,121. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.71 and a current ratio of 0.70. The business has a 50-day simple moving average of $45.56 and a 200-day simple moving average of $45.13. Bank of New York Mellon Corp has a 52-week low of $40.52 and a 52-week high of $54.27. The stock has a market capitalization of $46.35 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.50 and a beta of 1.13.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Wednesday, October 16th. The bank reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. Bank of New York Mellon had a net margin of 19.31% and a return on equity of 10.57%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company posted $1.06 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Bank of New York Mellon Corp will post 3.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.31 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.24 dividend on an annualized basis and a yield of 2.52%. Bank of New York Mellon’s payout ratio is 29.45%.

BK has been the subject of several research reports. Keefe, Bruyette & Woods upgraded shares of Bank of New York Mellon from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $46.00 to $47.00 in a research note on Thursday, July 18th. Morgan Stanley lowered their price objective on shares of Bank of New York Mellon from $42.00 to $40.00 and set an “underweight” rating for the company in a research note on Friday, October 4th. ValuEngine cut shares of Bank of New York Mellon from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Deutsche Bank reduced their target price on shares of Bank of New York Mellon from $47.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Bank of New York Mellon from $47.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Bank of New York Mellon has an average rating of “Hold” and a consensus price target of $47.90.

Bank of New York Mellon Profile

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

Recommended Story: Short Selling Stocks, A Beginner’s Guide

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 Corp (NYSE:BK).

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

Receive News & Ratings for Bank of New York Mellon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of New York Mellon and related companies with MarketBeat.com's FREE daily email newsletter.