Knights of Columbus Asset Advisors LLC Has $14.40 Million Stock Holdings in Bank of New York Mellon Corporation $BNY

Knights of Columbus Asset Advisors LLC increased its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 26.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 124,015 shares of the bank’s stock after buying an additional 25,642 shares during the quarter. Bank of New York Mellon comprises approximately 0.8% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Bank of New York Mellon were worth $14,397,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Bank of New York Mellon during the 4th quarter worth approximately $27,000. Marquette Asset Management LLC increased its position in Bank of New York Mellon by 174.7% during the 4th 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 Bank of New York Mellon during the 3rd quarter worth approximately $33,000. Westside Investment Management Inc. increased its position in Bank of New York Mellon by 44.1% during the 3rd 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. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Bank of New York Mellon during the 4th quarter worth approximately $46,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 30,000 shares of the 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 completion of the sale, the executive vice president directly owned 50,238 shares in the company, valued at $6,857,487. This represents a 37.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alejandro Perez sold 12,504 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the sale, the executive vice president owned 62,613 shares of the company’s stock, valued at approximately $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 48,091 shares of company stock valued at $6,568,423. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon Trading Up 1.6%

Shares of NYSE BNY opened at $141.38 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. Bank of New York Mellon Corporation has a 52-week low of $87.41 and a 52-week high of $141.65. The firm has a 50 day moving average price of $128.60 and a two-hundred day moving average price of $120.91. The stock has a market cap of $97.30 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08.

Bank of New York Mellon (NYSE:BNY) last announced 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. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue was up 12.9% on a year-over-year basis. As a group, equities analysts forecast that Bank of New York Mellon Corporation will post 8.78 EPS for the current year.

Bank of New York Mellon Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on BNY shares. Weiss Ratings upgraded 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. Barclays upped their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Bank of New York Mellon from $130.50 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Bank of New York Mellon to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada upped their price target on shares of Bank of New York Mellon from $130.00 to $142.00 and gave the company a “sector perform” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average price target of $138.08.

About Bank of New York Mellon

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.