Mn Services Vermogensbeheer B.V. grew its position in shares of Bank of New York Mellon Corp (NYSE:BK) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 553,868 shares of the bank’s stock after buying an additional 3,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Bank of New York Mellon were worth $27,932,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. C J Advisory Inc bought a new stake in shares of Bank of New York Mellon in the 1st quarter worth approximately $28,000. Lavaca Capital LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $27,000. Sontag Advisory LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $33,000. Valley National Advisers Inc. lifted its holdings in shares of Bank of New York Mellon by 76.5% in the 4th quarter. Valley National Advisers Inc. now owns 713 shares of the bank’s stock worth $34,000 after purchasing an additional 309 shares during the last quarter. Finally, Berman Capital Advisors LLC bought a new stake in shares of Bank of New York Mellon in the 4th quarter worth approximately $33,000. 87.67% of the stock is currently owned by institutional investors.
In related news, EVP J Kevin Mccarthy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $49.43, for a total value of $1,235,750.00. Following the sale, the executive vice president now directly owns 93,418 shares in the company, valued at approximately $4,617,651.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 621,807 shares of Bank of New York Mellon stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $50.11, for a total value of $31,158,748.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 853,244 shares of company stock worth $43,210,239. 1.71% of the stock is owned by insiders.
BK opened at $48.10 on Monday. Bank of New York Mellon Corp has a 12 month low of $43.67 and a 12 month high of $58.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.68. The company has a market capitalization of $45.75 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.
Bank of New York Mellon (NYSE:BK) last posted its earnings results on Wednesday, April 17th. The bank reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). Bank of New York Mellon had a net margin of 20.69% and a return on equity of 10.98%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, research analysts expect that Bank of New York Mellon Corp will post 4.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, April 29th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, April 26th. Bank of New York Mellon’s dividend payout ratio is currently 26.60%.
Bank of New York Mellon Company Profile
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.
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