Epacria Capital Partners LLC Reduces Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Epacria Capital Partners LLC reduced its stake in The Bank of New York Mellon Co. (NYSE:BK) by 71.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,525 shares of the bank’s stock after selling 34,625 shares during the period. Bank of New York Mellon comprises 0.9% of Epacria Capital Partners LLC’s holdings, making the stock its 22nd largest position. Epacria Capital Partners LLC’s holdings in Bank of New York Mellon were worth $1,039,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BK. Czech National Bank increased its position in Bank of New York Mellon by 4.9% during the 4th quarter. Czech National Bank now owns 157,645 shares of the bank’s stock valued at $12,112,000 after buying an additional 7,316 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Bank of New York Mellon by 11.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 786,496 shares of the bank’s stock valued at $60,426,000 after buying an additional 82,671 shares during the period. Fifth Third Bancorp boosted its position in Bank of New York Mellon by 9.2% in the fourth quarter. Fifth Third Bancorp now owns 94,046 shares of the bank’s stock worth $7,226,000 after purchasing an additional 7,935 shares during the last quarter. Natixis Advisors LLC grew its position in Bank of New York Mellon by 6.5% during the fourth quarter. Natixis Advisors LLC now owns 285,965 shares of the bank’s stock valued at $21,971,000 after buying an additional 17,457 shares during the period. Finally, Western Financial Corp CA purchased a new stake in shares of Bank of New York Mellon in the 4th quarter worth $342,000. 85.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BK has been the subject of several analyst reports. Citigroup increased their target price on shares of Bank of New York Mellon from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, March 24th. Truist Financial reduced their price objective on shares of Bank of New York Mellon from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada restated a “sector perform” rating and set a $90.00 target price on shares of Bank of New York Mellon in a research note on Monday, March 17th. Barclays increased their price target on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley lowered 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 research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.31.

Insider Buying and Selling at Bank of New York Mellon

In other news, insider Kurtis R. Kurimsky sold 5,641 shares of the firm’s 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 sale, the insider now owns 21,679 shares in the company, valued at approximately $1,680,122.50. This trade represents a 20.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J Kevin Mccarthy sold 30,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $79.03, for a total transaction of $2,370,900.00. Following the transaction, the executive vice president now owns 55,115 shares in the company, valued at $4,355,738.45. The trade was a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,114 shares of company stock worth $7,869,795 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Bank of New York Mellon Stock Performance

NYSE:BK opened at $82.98 on Wednesday. The company has a market cap of $59.57 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.97 and a beta of 1.05. The Bank of New York Mellon Co. has a 1 year low of $57.12 and a 1 year high of $90.34. The stock’s 50 day simple moving average is $80.82 and its two-hundred day simple moving average is $80.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results 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 company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Bank of New York Mellon’s revenue was up 5.9% on a year-over-year basis. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Monday, April 21st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, April 21st. This represents a $1.88 annualized dividend and a yield of 2.27%. Bank of New York Mellon’s payout ratio is currently 30.62%.

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.