Vise Technologies Inc. Buys New Shares in The Bank of New York Mellon Corporation $BK

Vise Technologies Inc. bought a new position in The Bank of New York Mellon Corporation (NYSE:BK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,489 shares of the bank’s stock, valued at approximately $1,867,000.

Several other large investors have also added to or reduced their stakes in BK. Westside Investment Management Inc. raised its stake in shares of Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Orion Capital Management LLC purchased a new position in Bank of New York Mellon during the 1st quarter worth approximately $32,000. Hoey Investments Inc. purchased a new position in Bank of New York Mellon during the 2nd quarter worth approximately $32,000. McClarren Financial Advisors Inc. acquired a new stake in Bank of New York Mellon during the 1st quarter valued at approximately $34,000. Finally, GFG Capital LLC purchased a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Bank of New York Mellon from $101.00 to $116.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Truist Financial boosted their price objective on Bank of New York Mellon from $118.00 to $119.00 and gave the company a “hold” rating in a report on Friday, October 17th. Barclays upped their target price on Bank of New York Mellon from $104.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. TD Cowen lifted their price target on Bank of New York Mellon from $130.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Evercore ISI boosted their price target on Bank of New York Mellon from $91.00 to $110.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.29.

Bank of New York Mellon Stock Up 0.2%

Shares of BK opened at $111.23 on Wednesday. The firm has a market cap of $77.57 billion, a P/E ratio of 16.05, a PEG ratio of 0.98 and a beta of 1.13. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $111.94. The stock’s 50 day moving average is $107.29 and its two-hundred day moving average is $98.59. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Tuesday, March 26th. The bank reported $1.30 earnings per share (EPS) for the quarter. The firm had revenue of $4.38 billion for the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%. Analysts predict that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 27th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.9%. Bank of New York Mellon’s payout ratio is currently 30.59%.

Bank of New York Mellon 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.