Vanguard Personalized Indexing Management LLC Has $5.18 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Vanguard Personalized Indexing Management LLC grew its position in The Bank of New York Mellon Co. (NYSE:BK) by 7.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,502 shares of the bank’s stock after buying an additional 6,033 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Bank of New York Mellon were worth $5,176,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BK. Olistico Wealth LLC acquired a new position in shares of Bank of New York Mellon in the 2nd quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new position in shares of Bank of New York Mellon in the fourth quarter valued at approximately $32,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Bank of New York Mellon in the first quarter valued at approximately $32,000. Clearstead Trust LLC acquired a new stake in shares of Bank of New York Mellon during the second quarter worth $32,000. Finally, Family Firm Inc. bought a new stake in Bank of New York Mellon in the 2nd quarter valued at $40,000. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

NYSE BK opened at $71.04 on Thursday. The firm’s fifty day moving average price is $65.63 and its two-hundred day moving average price is $60.46. The Bank of New York Mellon Co. has a 1 year low of $39.66 and a 1 year high of $71.80. The firm has a market capitalization of $53.12 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08. 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 (NYSE:BK) last issued its earnings results on Friday, July 12th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.08. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.53 billion. Bank of New York Mellon had a net margin of 9.40% and a return on equity of 11.87%. Bank of New York Mellon’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. As a group, research analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were paid a dividend of $0.47 per share. This is an increase 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 2.65%. The ex-dividend date of this dividend was Monday, July 22nd. Bank of New York Mellon’s payout ratio is currently 43.52%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BK. Evercore ISI increased their target price on Bank of New York Mellon from $61.00 to $66.00 and gave the stock an “in-line” rating in a report on Monday, July 15th. Barclays boosted their target price on Bank of New York Mellon from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $75.00 price target (up from $70.00) on shares of Bank of New York Mellon in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bank of New York Mellon from $63.00 to $66.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Morgan Stanley raised their target price on shares of Bank of New York Mellon from $65.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $66.14.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Hanneke Smits sold 15,000 shares of Bank of New York Mellon stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $64.11, for a total transaction of $961,650.00. Following the completion of the transaction, the vice president now directly owns 173,930 shares of the company’s stock, valued at $11,150,652.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

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.