Vontobel Holding Ltd. Has $1.58 Million Stock Position in The Bank of New York Mellon Co. (NYSE:BK)

Vontobel Holding Ltd. lowered its stake in The Bank of New York Mellon Co. (NYSE:BK) by 67.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,565 shares of the bank’s stock after selling 43,319 shares during the quarter. Vontobel Holding Ltd.’s holdings in Bank of New York Mellon were worth $1,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BK. McClarren Financial Advisors Inc. raised its stake in Bank of New York Mellon by 586.4% in the third quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank’s stock valued at $29,000 after buying an additional 346 shares during the period. Fortitude Family Office LLC raised its stake in Bank of New York Mellon by 130.6% in the third quarter. Fortitude Family Office LLC now owns 611 shares of the bank’s stock valued at $44,000 after buying an additional 346 shares during the period. Ashton Thomas Securities LLC bought a new stake in Bank of New York Mellon in the third quarter valued at approximately $46,000. Modus Advisors LLC bought a new stake in Bank of New York Mellon in the fourth quarter valued at approximately $49,000. Finally, Concord Wealth Partners raised its stake in Bank of New York Mellon by 150.5% in the third quarter. Concord Wealth Partners now owns 754 shares of the bank’s stock valued at $54,000 after buying an additional 453 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BK shares. Wells Fargo & Company upped their target price on Bank of New York Mellon from $82.00 to $86.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. StockNews.com downgraded Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial upped their target price on Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley upped their target price on Bank of New York Mellon from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Bank of America upped their target price on Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.00.

Bank of New York Mellon Stock Up 1.2 %

BK opened at $87.94 on Tuesday. The Bank of New York Mellon Co. has a one year low of $52.64 and a one year high of $88.25. The company has a fifty day moving average price of $81.23 and a 200-day moving average price of $75.57. The firm has a market capitalization of $63.94 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

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 during the quarter, compared to analyst estimates of $4.66 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that The Bank of New York Mellon Co. will post 6.89 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio is presently 32.36%.

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.