32,282 Shares in Bank of New York Mellon Corporation $BNY Purchased by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. acquired a new position in Bank of New York Mellon Corporation (NYSE:BNY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 32,282 shares of the bank’s stock, valued at approximately $4,668,000.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC bought a new position in shares of Bank of New York Mellon during the fourth quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in Bank of New York Mellon during the second quarter worth approximately $32,000. MCF Advisors LLC increased its stake in Bank of New York Mellon by 74.8% during the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock worth $27,000 after acquiring an additional 101 shares during the period. MidFirst Bank bought a new position in Bank of New York Mellon during the 2nd quarter worth $38,000. Finally, Heritage Wealth Advisors acquired a new position in Bank of New York Mellon in the 4th quarter valued at $31,000. Institutional investors own 85.31% of the company’s stock.

Insider Activity

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Bank of New York Mellon Trading Down 1.3%

BNY opened at $157.61 on Friday. The company has a market cap of $106.94 billion, a P/E ratio of 18.35, a PEG ratio of 1.13 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $153.55 and its 200-day moving average is $136.46. Bank of New York Mellon Corporation has a 1-year low of $100.44 and a 1-year high of $165.68.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, beating the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts predict that Bank of New York Mellon Corporation will post 9.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BNY shares. Weiss Ratings lowered Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Erste Group Bank began coverage on shares of Bank of New York Mellon in a report on Wednesday, July 15th. They issued a “buy” rating on the stock. Argus upped their price target on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Citigroup lifted their price objective on shares of Bank of New York Mellon from $167.00 to $172.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company upped their target price on Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.13.

About Bank of New York Mellon

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.