Coldstream Capital Management Inc. Sells 191 Shares of The Bank of New York Mellon Co. (NYSE:BK)

Coldstream Capital Management Inc. cut its position in The Bank of New York Mellon Co. (NYSE:BK) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,295 shares of the bank’s stock after selling 191 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Bank of New York Mellon were worth $1,021,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Analysts LLC grew its stake in shares of Bank of New York Mellon by 3.7% during the fourth quarter. Capital Analysts LLC now owns 3,317 shares of the bank’s stock worth $255,000 after acquiring an additional 119 shares during the last quarter. Voya Financial Advisors Inc. grew its stake in shares of Bank of New York Mellon by 5.9% during the fourth quarter. Voya Financial Advisors Inc. now owns 16,848 shares of the bank’s stock worth $1,299,000 after acquiring an additional 932 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Bank of New York Mellon by 106.6% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 380,084 shares of the bank’s stock worth $29,202,000 after acquiring an additional 196,090 shares during the last quarter. Keyvantage Wealth LLC purchased a new stake in shares of Bank of New York Mellon during the fourth quarter worth about $506,000. Finally, Hancock Whitney Corp grew its stake in shares of Bank of New York Mellon by 2.9% during the fourth quarter. Hancock Whitney Corp now owns 154,459 shares of the bank’s stock worth $11,867,000 after acquiring an additional 4,303 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup upped their target price on Bank of New York Mellon from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, March 24th. Evercore ISI upped their target price on Bank of New York Mellon from $83.00 to $87.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. Truist Financial dropped their target price on Bank of New York Mellon from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays upped their target price on Bank of New York Mellon from $102.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their target price on Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.31.

Insider Transactions at Bank of New York Mellon

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

Bank of New York Mellon Trading Up 0.4 %

Bank of New York Mellon stock opened at $78.94 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The firm has a market cap of $56.68 billion, a PE ratio of 13.59, a P/E/G ratio of 0.97 and a beta of 1.03. The stock’s 50 day simple moving average is $81.50 and its two-hundred day simple moving average is $80.59. The Bank of New York Mellon Co. has a 12 month low of $56.08 and a 12 month high of $90.34.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.76 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. Analysts anticipate that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The firm 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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, April 21st. Bank of New York Mellon’s payout ratio is 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.