6,165 Shares in The Bank of New York Mellon Co. (NYSE:BK) Acquired by Realta Investment Advisors

Realta Investment Advisors acquired a new stake in shares of The Bank of New York Mellon Co. (NYSE:BK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 6,165 shares of the bank’s stock, valued at approximately $474,000.

Several other institutional investors also recently bought and sold shares of the stock. Czech National Bank increased its holdings in shares of Bank of New York Mellon by 5.5% in the third quarter. Czech National Bank now owns 150,329 shares of the bank’s stock worth $10,803,000 after purchasing an additional 7,825 shares during the last quarter. Mather Group LLC. increased its position in Bank of New York Mellon by 7.8% in the third quarter. Mather Group LLC. now owns 8,610 shares of the bank’s stock worth $619,000 after purchasing an additional 625 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Bank of New York Mellon by 30.2% during the third quarter. Atomi Financial Group Inc. now owns 8,489 shares of the bank’s stock valued at $610,000 after purchasing an additional 1,971 shares in the last quarter. Brookstone Capital Management lifted its position in Bank of New York Mellon by 2.8% during the third quarter. Brookstone Capital Management now owns 136,093 shares of the bank’s stock valued at $9,780,000 after purchasing an additional 3,645 shares during the last quarter. Finally, Abner Herrman & Brock LLC purchased a new position in shares of Bank of New York Mellon in the 3rd quarter worth $1,902,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BK has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $79.00 target price on shares of Bank of New York Mellon in a research report on Monday, October 14th. Truist Financial raised their price target on Bank of New York Mellon from $91.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Citigroup boosted their price objective on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Evercore ISI increased their price target on Bank of New York Mellon from $79.00 to $83.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.00.

Bank of New York Mellon Price Performance

NYSE BK opened at $86.35 on Friday. The company has a market cap of $62.78 billion, a PE ratio of 14.86, a P/E/G ratio of 0.98 and a beta of 1.08. The Bank of New York Mellon Co. has a 52-week low of $52.64 and a 52-week high of $87.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The firm’s 50 day moving average price is $80.61 and its 200-day moving average price is $74.51.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. Sell-side analysts forecast that The Bank of New York Mellon Co. will post 6.86 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Monday, January 27th. Bank of New York Mellon’s dividend payout ratio is currently 32.36%.

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.