Nomura Asset Management Co. Ltd. Purchases 22,060 Shares of Bank Of New York Mellon Corporation (The) (BK)

Nomura Asset Management Co. Ltd. boosted its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 175,545 shares of the bank’s stock after purchasing an additional 22,060 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Bank Of New York Mellon were worth $9,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Bank Of New York Mellon in the 2nd quarter valued at $1,139,000. Invictus RG purchased a new stake in Bank Of New York Mellon in the 3rd quarter valued at $102,000. First Interstate Bank grew its holdings in Bank Of New York Mellon by 56.2% in the 2nd quarter. First Interstate Bank now owns 2,339 shares of the bank’s stock valued at $119,000 after buying an additional 842 shares in the last quarter. Hudock Capital Group LLC grew its holdings in Bank Of New York Mellon by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,556 shares of the bank’s stock valued at $130,000 after buying an additional 7 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in Bank Of New York Mellon in the 3rd quarter valued at $139,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

Bank Of New York Mellon Corporation (NYSE BK) opened at $54.02 on Thursday. Bank Of New York Mellon Corporation has a twelve month low of $43.85 and a twelve month high of $55.40. The company has a market capitalization of $55,737.52, a PE ratio of 15.69, a P/E/G ratio of 1.98 and a beta of 1.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85.

Bank Of New York Mellon (NYSE:BK) last announced its earnings results on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the business posted $0.90 EPS. Bank Of New York Mellon’s revenue for the quarter was up 1.9% on a year-over-year basis. equities analysts anticipate that Bank Of New York Mellon Corporation will post 3.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Tuesday, October 31st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, October 30th. Bank Of New York Mellon’s dividend payout ratio (DPR) is 28.07%.

Several brokerages have issued reports on BK. Wells Fargo & Company began coverage on Bank Of New York Mellon in a report on Wednesday, August 9th. They issued a “market perform” rating and a $55.00 target price for the company. ValuEngine upgraded Bank Of New York Mellon from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut Bank Of New York Mellon from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Jefferies Group reiterated a “hold” rating on shares of Bank Of New York Mellon in a report on Friday, October 20th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $55.00 price target on shares of Bank Of New York Mellon in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Bank Of New York Mellon presently has an average rating of “Hold” and an average target price of $55.28.

In other Bank Of New York Mellon news, Vice Chairman Brian T. Shea sold 22,228 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $51.26, for a total value of $1,139,407.28. Following the sale, the insider now owns 181,815 shares of the company’s stock, valued at approximately $9,319,836.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas P. Gibbons sold 38,152 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $54.15, for a total value of $2,065,930.80. Following the completion of the sale, the chief financial officer now directly owns 310,002 shares in the company, valued at approximately $16,786,608.30. The disclosure for this sale can be found here. Insiders have sold a total of 7,708,334 shares of company stock valued at $404,956,863 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

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Bank Of New York Mellon Company Profile

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

Institutional Ownership by Quarter for Bank Of New York Mellon (NYSE:BK)

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