BTG Pactual Asset Management US LLC Purchases Shares of 26,539 The Bank of New York Mellon Co. (NYSE:BK)

BTG Pactual Asset Management US LLC bought a new position in shares of The Bank of New York Mellon Co. (NYSE:BK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,539 shares of the bank’s stock, valued at approximately $2,039,000.

Several other large investors also recently made changes to their positions in BK. Graney & King LLC bought a new position in Bank of New York Mellon during the fourth quarter worth about $35,000. Centricity Wealth Management LLC acquired a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $39,000. TCTC Holdings LLC boosted its stake in shares of Bank of New York Mellon by 257.5% during the 4th quarter. TCTC Holdings LLC now owns 597 shares of the bank’s stock worth $46,000 after acquiring an additional 430 shares during the period. Modus Advisors LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $49,000. Finally, Friedenthal Financial bought a new stake in Bank of New York Mellon in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Price Performance

BK stock opened at $77.75 on Friday. The company’s 50-day moving average price is $83.63 and its two-hundred day moving average price is $80.18. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $90.34. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 0.83. The firm has a market cap of $55.82 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.97 and a beta of 1.03.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Friday, April 11th. The bank reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. 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 $4.79 billion for the quarter, compared to analysts’ expectations of $4.76 billion. During the same period last year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 30.62%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America upped their price objective on shares of Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial decreased their price target on shares of Bank of New York Mellon from $93.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. StockNews.com downgraded shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their target price on Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Finally, Evercore ISI increased their target price on Bank of New York Mellon from $83.00 to $87.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.86.

Bank of New York Mellon Company Profile

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.