Mn Services Vermogensbeheer B.V. Has $22.94 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,516 shares of the bank’s stock after purchasing an additional 5,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Bank of New York Mellon were worth $22,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Arkadios Wealth Advisors bought a new position in shares of Bank of New York Mellon in the 3rd quarter valued at approximately $339,000. Wealth Enhancement Advisory Services LLC grew its holdings in Bank of New York Mellon by 39.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 89,421 shares of the bank’s stock valued at $6,426,000 after purchasing an additional 25,294 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Bank of New York Mellon by 67.8% in the third quarter. Nisa Investment Advisors LLC now owns 132,496 shares of the bank’s stock valued at $9,521,000 after purchasing an additional 53,534 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Bank of New York Mellon by 6.5% in the third quarter. Pallas Capital Advisors LLC now owns 5,426 shares of the bank’s stock worth $415,000 after buying an additional 331 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in shares of Bank of New York Mellon by 2.9% during the 3rd quarter. Valmark Advisers Inc. now owns 12,637 shares of the bank’s stock worth $908,000 after buying an additional 359 shares during the period. Institutional investors own 85.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on BK shares. Barclays lifted their target price on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Wolfe Research cut Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their target price on Bank of New York Mellon from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Truist Financial lifted 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. Finally, Evercore ISI increased their price objective on Bank of New York Mellon from $79.00 to $83.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Bank of New York Mellon Stock Up 0.7 %

BK opened at $86.97 on Friday. The company has a market capitalization of $63.23 billion, a P/E ratio of 14.97, a P/E/G ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The firm’s fifty day moving average price is $82.80 and its two-hundred day moving average price is $76.93. The Bank of New York Mellon Co. has a fifty-two week low of $52.64 and a fifty-two week high of $89.44.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the business earned $1.28 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, analysts anticipate that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s payout ratio is 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.