The Bank of New York Mellon Co. (NYSE:BK) Holdings Decreased by Oakworth Capital Inc.

Oakworth Capital Inc. decreased its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 59.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,292 shares of the bank’s stock after selling 1,932 shares during the quarter. Oakworth Capital Inc.’s holdings in Bank of New York Mellon were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in Bank of New York Mellon by 97.1% in the first quarter. Brown Brothers Harriman & Co. now owns 609 shares of the bank’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Hartford Financial Management Inc. grew its stake in Bank of New York Mellon by 41.4% in the fourth quarter. Hartford Financial Management Inc. now owns 625 shares of the bank’s stock valued at $33,000 after purchasing an additional 183 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Bank of New York Mellon in the first quarter valued at about $36,000. Addison Advisors LLC grew its stake in Bank of New York Mellon by 603.2% in the third quarter. Addison Advisors LLC now owns 879 shares of the bank’s stock valued at $37,000 after purchasing an additional 754 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Bank of New York Mellon in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Price Performance

NYSE BK opened at $54.40 on Thursday. The Bank of New York Mellon Co. has a twelve month low of $39.65 and a twelve month high of $58.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.72 and a current ratio of 0.71. The stock has a market capitalization of $40.96 billion, a PE ratio of 13.29, a P/E/G ratio of 1.15 and a beta of 1.12. The stock has a 50-day simple moving average of $55.73 and a 200 day simple moving average of $51.10.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Tuesday, April 16th. The bank reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.10. Bank of New York Mellon had a return on equity of 11.80% and a net margin of 9.48%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Research analysts anticipate that The Bank of New York Mellon Co. will post 5.35 EPS for the current year.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 26th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.68 annualized dividend and a yield of 3.09%. Bank of New York Mellon’s dividend payout ratio (DPR) is 40.98%.

Analyst Ratings Changes

A number of research analysts have commented on BK shares. Evercore ISI boosted their target price on Bank of New York Mellon from $57.00 to $61.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Citigroup boosted their target price on Bank of New York Mellon from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. UBS Group upped their price target on Bank of New York Mellon from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $58.00 price target on shares of Bank of New York Mellon in a research note on Wednesday, March 27th. Finally, Morgan Stanley upgraded Bank of New York Mellon from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $52.00 to $62.00 in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Bank of New York Mellon currently has an average rating of “Hold” and an average price target of $58.17.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, VP Catherine Keating sold 4,498 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.81, for a total value of $246,535.38. Following the completion of the transaction, the vice president now owns 123,490 shares of the company’s stock, valued at approximately $6,768,486.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

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.