2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC decreased its holdings in The Bank of New York Mellon Co. ( NYSE:BK – Free Report ) by 64.2% during the 2nd quarter, HoldingsChannel reports.
The fund owned 53,499 shares of the bank’s stock after selling 95,791 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Bank of New York Mellon were worth $3,204,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently bought and sold shares of BK.
Vanguard Group Inc. boosted its stake in shares of Bank of New York Mellon by 6.1% during the 4th quarter.
Vanguard Group Inc. now owns 74,501,451 shares of the bank’s stock valued at $3,877,801,000 after buying an additional 4,293,751 shares during the last quarter. Ameriprise Financial Inc.
boosted its stake in Bank of New York Mellon by 4.2% during the 2nd quarter. Ameriprise Financial Inc.
now owns 10,416,436 shares of the bank’s stock valued at $623,891,000 after acquiring an additional 421,161 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Bank of New York Mellon by 2.
2% during the 2nd quarter. Victory Capital Management Inc. now owns 8,192,345 shares of the bank’s stock worth $490,640,000 after acquiring an additional 179,503 shares in the last quarter.
Legal & General Group Plc increased its position in shares of Bank of New York Mellon by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,058,064 shares of the bank’s stock worth $482,597,000 after purchasing an additional 97,286 shares during the last quarter.
Finally, LSV Asset Management raised its stake in shares of Bank of New York Mellon by 3.9% in the 2nd quarter. LSV Asset Management now owns 7,569,133 shares of the bank’s stock valued at $453,315,000 after purchasing an additional 286,820 shares in the last quarter.
Hedge funds and other institutional investors own 85.31% of the company’s stock. Insider Activity at Bank of New York Mellon In other news, VP Hanneke Smits sold 15,000 shares of the business’s stock in a transaction on Thursday, July 18th.
The stock was sold at an average price of $64.11, for a total value of $961,650.00.
Following the sale, the vice president now owns 173,930 shares of the company’s stock, valued at approximately $11,150,652.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Company insiders own 0.14% of the company’s stock. Wall Street Analysts Forecast Growth Read Our Latest Stock Analysis on Bank of New York Mellon Bank of New York Mellon Stock Up 0.
3 % Shares of Bank of New York Mellon stock opened at $71.69 on Friday. The company has a debt-to-equity ratio of 0.
85, a current ratio of 0.70 and a quick ratio of 0.70.
The Bank of New York Mellon Co. has a 1-year low of $39.66 and a 1-year high of $73.
19. The business’s fifty day moving average price is $66.56 and its two-hundred day moving average price is $61.
10. The company has a market capitalization of $53.61 billion, a P/E ratio of 16.
59, a PEG ratio of 1.24 and a beta of 1.08.
Bank of New York Mellon ( NYSE:BK – Get Free Report ) last issued its quarterly earnings data on Friday, July 12th. The bank reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
43 by $0.08. The business had revenue of $4.
60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Bank of New York Mellon had a net margin of 9.
40% and a return on equity of 11.87%. The company’s revenue was up 2.
1% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share.
As a group, research analysts forecast that The Bank of New York Mellon Co. will post 5.63 EPS for the current year.
Bank of New York Mellon Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were issued a $0.47 dividend.
The ex-dividend date was Monday, July 22nd. This is a boost from Bank of New York Mellon’s previous quarterly dividend of $0.42.
This represents a $1.88 annualized dividend and a dividend yield of 2.62%.
Bank of New York Mellon’s dividend payout ratio (DPR) is 43.52%. Bank of New York Mellon Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding BK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Bank of New York Mellon Co. ( NYSE:BK – Free Report ). Receive News & Ratings for Bank of New York Mellon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of New York Mellon and related companies with MarketBeat.
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