Raiffeisen Bank International AG Sells 16,538 Shares of The Bank of New York Mellon Corporation $BK

Raiffeisen Bank International AG lowered its position in The Bank of New York Mellon Corporation (NYSE:BK) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,725 shares of the bank’s stock after selling 16,538 shares during the period. Raiffeisen Bank International AG’s holdings in Bank of New York Mellon were worth $9,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Bank of New York Mellon by 0.7% in the second quarter. Vanguard Group Inc. now owns 71,092,148 shares of the bank’s stock worth $6,477,206,000 after purchasing an additional 517,081 shares during the period. Geode Capital Management LLC grew its position in shares of Bank of New York Mellon by 4.3% in the 2nd 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 period. Artisan Partners Limited Partnership increased its stake in shares of Bank of New York Mellon by 0.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 15,803,214 shares of the bank’s stock worth $1,439,831,000 after acquiring an additional 139,544 shares in the last quarter. Norges Bank purchased a new position in Bank of New York Mellon during the 2nd quarter valued at about $1,081,847,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in Bank of New York Mellon by 36.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock valued at $236,013,000 after acquiring an additional 577,621 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Trading Up 0.0%

NYSE:BK opened at $118.16 on Friday. The company has a market cap of $82.40 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.10. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $119.33 and a two-hundred day simple moving average of $111.57. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $128.76.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Friday, October 31st. The bank reported $1.91 EPS for the quarter. The company had revenue of $5.07 billion during the quarter. Bank of New York Mellon had a return on equity of 14.37% and a net margin of 13.62%. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Friday, January 23rd were paid a $0.53 dividend. This represents a $2.12 annualized dividend 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 28.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen raised their target price on shares of Bank of New York Mellon from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Citigroup raised their price target on Bank of New York Mellon from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company raised their price objective on shares of Bank of New York Mellon from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada lifted their target price on shares of Bank of New York Mellon from $124.00 to $130.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Finally, New Street Research set a $143.00 price target on shares of Bank of New York Mellon in a report on Wednesday, January 14th. 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 has a consensus rating of “Moderate Buy” and an average price target of $131.92.

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.