The Bank of New York Mellon Co. (NYSE:BK) Shares Bought by Dakota Wealth Management

Dakota Wealth Management raised its holdings in shares of The Bank of New York Mellon Co. (NYSE:BK) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,467 shares of the bank’s stock after purchasing an additional 10,808 shares during the period. Dakota Wealth Management’s holdings in Bank of New York Mellon were worth $11,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BK. Dixon Fnancial Services Inc. acquired a new position in Bank of New York Mellon during the 3rd quarter valued at about $212,000. Brighton Jones LLC grew its stake in shares of Bank of New York Mellon by 45.4% during the third quarter. Brighton Jones LLC now owns 6,297 shares of the bank’s stock worth $453,000 after acquiring an additional 1,967 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Bank of New York Mellon by 1,161.0% during the third quarter. International Assets Investment Management LLC now owns 207,764 shares of the bank’s stock valued at $149,300,000 after acquiring an additional 191,288 shares in the last quarter. Searle & CO. raised its position in shares of Bank of New York Mellon by 226.8% in the 3rd quarter. Searle & CO. now owns 22,837 shares of the bank’s stock valued at $1,641,000 after purchasing an additional 15,848 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in Bank of New York Mellon by 1.5% in the 3rd quarter. Greenleaf Trust now owns 29,328 shares of the bank’s stock worth $2,108,000 after purchasing an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 0.2 %

Shares of NYSE:BK opened at $76.49 on Friday. The company has a market capitalization of $57.20 billion, a PE ratio of 17.71, a PEG ratio of 1.16 and a beta of 1.08. The Bank of New York Mellon Co. has a 12-month low of $41.28 and a 12-month high of $78.03. The business has a 50 day moving average of $70.55 and a two-hundred day moving average of $63.51. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.85.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, October 21st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, October 21st. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 43.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BK. Barclays upped their price target on shares of Bank of New York Mellon from $75.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their target price on Bank of New York Mellon from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company lifted their price target on Bank of New York Mellon from $69.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $79.00 price target on shares of Bank of New York Mellon in a research note on Monday, October 14th. Finally, UBS Group raised their price objective on Bank of New York Mellon from $73.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.69.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total value of $1,907,750.00. Following the completion of the transaction, the executive vice president now owns 75,404 shares in the company, valued at approximately $5,754,079.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the sale, the executive vice president now directly owns 75,404 shares of the company’s stock, valued at approximately $5,754,079.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Hanneke Smits sold 16,475 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the sale, the vice president now owns 157,455 shares of the company’s stock, valued at $12,040,583.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

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.