Natixis Advisors LLC Purchases 5,495 Shares of The Bank of New York Mellon Corporation $BK

Natixis Advisors LLC grew its position in The Bank of New York Mellon Corporation (NYSE:BK) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,967 shares of the bank’s stock after acquiring an additional 5,495 shares during the period. Natixis Advisors LLC owned about 0.06% of Bank of New York Mellon worth $44,343,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at about $1,081,847,000. Qube Research & Technologies Ltd bought a new position in Bank of New York Mellon during the second quarter worth about $135,728,000. Geode Capital Management LLC increased its position in Bank of New York Mellon by 4.3% during the second quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank’s stock worth $1,717,074,000 after buying an additional 785,478 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Bank of New York Mellon by 36.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock worth $236,013,000 after buying an additional 577,621 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in Bank of New York Mellon by 698.6% in the second quarter. Bank of Nova Scotia now owns 651,135 shares of the bank’s stock valued at $59,325,000 after buying an additional 569,602 shares during the period. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BK. Barclays raised their price objective on Bank of New York Mellon from $120.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods increased their price target on Bank of New York Mellon from $132.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. New Street Research set a $143.00 price target on Bank of New York Mellon in a report on Wednesday, January 14th. Citigroup started coverage on shares of Bank of New York Mellon in a research report on Monday, February 23rd. They set a “neutral” rating for the company. Finally, TD Cowen upped their price objective on shares of Bank of New York Mellon from $133.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.92.

Bank of New York Mellon Price Performance

Shares of NYSE BK opened at $115.18 on Tuesday. The firm has a market cap of $79.27 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.08 and a beta of 1.10. The business’s 50 day moving average is $119.65 and its 200-day moving average is $112.92. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. The Bank of New York Mellon Corporation has a 1-year low of $70.46 and a 1-year high of $128.76.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. Bank of New York Mellon had a return on equity of 14.37% and a net margin of 13.62%.The business had revenue of $5.07 billion during the quarter. Equities research analysts predict that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

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

About Bank of New York Mellon

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.