The Bank of New York Mellon Co. (NYSE:BK) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,023 shares of the bank’s stock after buying an additional 2,066 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Bank of New York Mellon were worth $2,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Callan Family Office LLC acquired a new position in Bank of New York Mellon in the 4th quarter worth approximately $2,951,000. Candriam S.C.A. increased its holdings in Bank of New York Mellon by 11.8% in the 4th quarter. Candriam S.C.A. now owns 802,943 shares of the bank’s stock worth $61,690,000 after buying an additional 84,948 shares during the period. Inceptionr LLC acquired a new position in Bank of New York Mellon in the 4th quarter worth approximately $740,000. Raymond James Financial Inc. acquired a new position in Bank of New York Mellon in the 4th quarter worth approximately $90,955,000. Finally, Vision Financial Markets LLC acquired a new position in Bank of New York Mellon in the 4th quarter worth approximately $154,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 1.5 %

Shares of NYSE:BK opened at $85.98 on Friday. The Bank of New York Mellon Co. has a 1 year low of $52.64 and a 1 year high of $90.34. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The business’s 50 day moving average price is $83.85 and its 200-day moving average price is $77.94.

Bank of New York Mellon (NYSE:BK) last announced its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.18. 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 $4.85 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts forecast 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 2.19%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 32.36%.

Analyst Ratings Changes

Several equities analysts recently weighed in on BK shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Wolfe Research lowered Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. StockNews.com lowered Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Morgan Stanley upped their price objective on Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Citigroup upped their price objective on Bank of New York Mellon from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.71.

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.