The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 211,576 shares of the bank’s stock after selling 3,796 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Bank of New York Mellon were worth $16,260,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BK. Transce3nd LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $33,000. Graney & King LLC acquired a new position in shares of Bank of New York Mellon in the fourth quarter worth $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Bank of New York Mellon in the fourth quarter valued at $39,000. TCTC Holdings LLC lifted its position in shares of Bank of New York Mellon by 257.5% in the fourth quarter. TCTC Holdings LLC now owns 597 shares of the bank’s stock valued at $46,000 after acquiring an additional 430 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of Bank of New York Mellon during the fourth quarter valued at $49,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BK. Bank of America upped their target price 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. StockNews.com lowered 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 boosted their price target on Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Morgan Stanley decreased their price objective on Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft upped 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 note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.31.

Bank of New York Mellon Trading Up 1.1 %

NYSE BK opened at $78.58 on Friday. 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 Bank of New York Mellon Co. has a one year low of $56.08 and a one year high of $90.34. The company’s 50 day moving average price is $81.89 and its 200 day moving average price is $80.43. The firm has a market capitalization of $56.42 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.97 and a beta of 1.03.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $4.76 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts predict that The Bank of New York Mellon Co. will post 6.96 EPS for the current year.

Bank of New York Mellon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, April 21st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.39%. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 30.62%.

Insider Activity at Bank of New York Mellon

In other news, VP Catherine Keating sold 65,473 shares of Bank of New York Mellon stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $77.31, for a total transaction of $5,061,717.63. Following the sale, the vice president now directly owns 87,542 shares of the company’s stock, valued at approximately $6,767,872.02. The trade was a 42.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,641 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $77.50, for a total value of $437,177.50. Following the completion of the transaction, the insider now directly owns 21,679 shares of the company’s stock, valued at $1,680,122.50. This represents a 20.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.