Bank of New York Mellon Corporation $BNY Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 14.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 140,689 shares of the bank’s stock after acquiring an additional 17,892 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Bank of New York Mellon were worth $16,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth $27,000. Marquette Asset Management LLC lifted its position in shares of Bank of New York Mellon by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Bank of New York Mellon during the third quarter worth $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Bank of New York Mellon during the fourth quarter worth $46,000. Finally, Westside Investment Management Inc. lifted its position in shares of Bank of New York Mellon by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after purchasing an additional 127 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon Stock Performance

BNY opened at $139.15 on Monday. The stock has a market capitalization of $95.77 billion, a PE ratio of 17.24, a P/E/G ratio of 1.02 and a beta of 1.08. The firm’s fifty day moving average price is $127.66 and its 200 day moving average price is $120.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. Bank of New York Mellon Corporation has a 12-month low of $87.41 and a 12-month high of $139.15.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.31. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, research analysts expect that Bank of New York Mellon Corporation will post 8.78 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Monday, April 27th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, April 27th. This represents a $2.12 annualized dividend and a yield of 1.5%. Bank of New York Mellon’s dividend payout ratio is currently 26.27%.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Shannon Marie Hobbs sold 297 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the sale, the vice president owned 15,206 shares in the company, valued at $2,083,982.30. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP J Kevin Mccarthy sold 30,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the sale, the executive vice president owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. The trade was a 37.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 48,091 shares of company stock valued at $6,568,423. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Friday, April 17th. Barclays boosted their target price on shares of Bank of New York Mellon from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Citigroup assumed coverage on shares of Bank of New York Mellon in a research report on Monday, February 23rd. They set a “neutral” rating on the stock. Finally, Wall Street Zen raised shares of Bank of New York Mellon to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.08.

Bank of New York Mellon Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.