BNP Paribas Has $8.43 Million Stock Position in The Bank of New York Mellon Corporation $BK

BNP Paribas grew its stake in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,384 shares of the bank’s stock after acquiring an additional 5,200 shares during the period. BNP Paribas’ holdings in Bank of New York Mellon were worth $8,432,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in Bank of New York Mellon during the 3rd quarter worth approximately $33,000. Caldwell Trust Co acquired a new position in Bank of New York Mellon in the 2nd quarter valued at $36,000. Westside Investment Management Inc. grew its holdings in Bank of New York Mellon by 44.1% in the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock valued at $45,000 after buying an additional 127 shares in the last quarter. Dunhill Financial LLC increased its position in Bank of New York Mellon by 130.8% during the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank’s stock worth $47,000 after buying an additional 242 shares during the period. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Bank of New York Mellon by 73.2% during the third quarter. Cornerstone Planning Group LLC now owns 511 shares of the bank’s stock worth $55,000 after buying an additional 216 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BK. 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 research note on Wednesday, January 14th. Keefe, Bruyette & Woods upped their price objective on shares of Bank of New York Mellon from $132.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Barclays increased their price objective on shares of 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. Citigroup assumed coverage on shares of Bank of New York Mellon in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.92.

Bank of New York Mellon Trading Down 0.8%

Shares of Bank of New York Mellon stock opened at $116.18 on Friday. The firm’s 50 day moving average is $119.65 and its 200 day moving average is $113.22. The firm has a market capitalization of $79.96 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.08 and a beta of 1.10. The Bank of New York Mellon Corporation has a 1 year low of $70.46 and a 1 year high of $128.76. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81.

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. 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 during the quarter. Equities research analysts forecast that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Dividend Announcement

The company also recently declared 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 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 presently 28.61%.

Bank of New York Mellon 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.