Fiera Capital Corp Has $15.47 Million Position in The Bank of New York Mellon Corporation $BK

Fiera Capital Corp grew its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 20.8% in the third quarter, HoldingsChannel.com reports. The fund owned 141,964 shares of the bank’s stock after acquiring an additional 24,418 shares during the period. Fiera Capital Corp’s holdings in Bank of New York Mellon were worth $15,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. grew its holdings in Bank of New York Mellon by 78.9% during the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock valued at $26,000 after purchasing an additional 127 shares during the period. Valley Wealth Managers Inc. acquired a new stake in Bank of New York Mellon in the third quarter worth $33,000. Caldwell Trust Co bought a new position in shares of Bank of New York Mellon during the second quarter worth $36,000. Quaker Wealth Management LLC grew its holdings in shares of Bank of New York Mellon by 198.9% in the 2nd quarter. Quaker Wealth Management LLC now owns 450 shares of the bank’s stock valued at $41,000 after buying an additional 905 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Bank of New York Mellon in the 2nd quarter valued at $52,000. Institutional investors own 85.31% of the company’s stock.

Analyst Ratings Changes

BK has been the topic of several research analyst reports. Barclays raised their price objective on Bank of New York Mellon from $120.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Truist Financial raised Bank of New York Mellon from a “hold” rating to a “buy” rating and raised their price target for the stock from $119.00 to $134.00 in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on Bank of New York Mellon from $132.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. New Street Research set a $143.00 target price on shares of Bank of New York Mellon in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada upped their price target on shares of Bank of New York Mellon from $124.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and a consensus target price of $131.92.

Bank of New York Mellon Price Performance

Shares of BK opened at $118.16 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The Bank of New York Mellon Corporation has a twelve month low of $70.46 and a twelve month high of $128.76. The stock has a market capitalization of $82.40 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.10 and a beta of 1.10. The company has a 50 day moving average of $119.33 and a 200-day moving average of $111.57.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Friday, October 31st. The bank reported $1.91 EPS for the quarter. Bank of New York Mellon had a net margin of 13.62% and a return on equity of 14.37%. The business had revenue of $5.07 billion for the quarter. As a group, equities research analysts forecast that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, January 23rd. Bank of New York Mellon’s dividend payout ratio is currently 28.61%.

Bank of New York Mellon Company Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.