Archford Capital Strategies LLC lifted its position in Bank of New York Mellon Corp (NYSE:BK) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,654 shares of the bank’s stock after purchasing an additional 221 shares during the quarter. Archford Capital Strategies LLC’s holdings in Bank of New York Mellon were worth $285,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BK. FMR LLC raised its position in Bank of New York Mellon by 36.4% during the fourth quarter. FMR LLC now owns 32,610,453 shares of the bank’s stock valued at $1,534,974,000 after acquiring an additional 8,695,718 shares in the last quarter. Norges Bank purchased a new position in Bank of New York Mellon during the fourth quarter valued at approximately $390,153,000. Oregon Public Employees Retirement Fund raised its position in Bank of New York Mellon by 4,153.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,711,519 shares of the bank’s stock valued at $100,000 after acquiring an additional 4,600,747 shares in the last quarter. Ronna Sue Cohen raised its position in Bank of New York Mellon by 4,919.9% during the first quarter. Ronna Sue Cohen now owns 2,207,487 shares of the bank’s stock valued at $2,207,000 after acquiring an additional 2,163,512 shares in the last quarter. Finally, BlackRock Inc. raised its position in Bank of New York Mellon by 1.5% during the fourth quarter. BlackRock Inc. now owns 54,968,976 shares of the bank’s stock valued at $2,587,391,000 after acquiring an additional 805,925 shares in the last quarter. Hedge funds and other institutional investors own 84.26% of the company’s stock.

Shares of BK opened at $44.10 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. Bank of New York Mellon Corp has a 12 month low of $42.43 and a 12 month high of $57.94. The company has a market capitalization of $42.51 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Wednesday, April 17th. The bank reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). Bank of New York Mellon had a net margin of 20.69% and a return on equity of 10.98%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts anticipate that Bank of New York Mellon Corp will post 4.04 earnings per share for the current year.

BK has been the subject of several recent research reports. Deutsche Bank lifted their price target on Bank of New York Mellon from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, March 15th. ValuEngine cut Bank of New York Mellon from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Royal Bank of Canada reduced their price target on Bank of New York Mellon to $52.00 and set a “positive” rating for the company in a research report on Thursday, April 18th. Buckingham Research reduced their price target on Bank of New York Mellon from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Zacks Investment Research cut Bank of New York Mellon from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $53.33.

In other news, Director Trian Fund Management, L.P. sold 621,807 shares of Bank of New York Mellon stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $50.11, for a total value of $31,158,748.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP J Kevin Mccarthy sold 25,000 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $49.43, for a total value of $1,235,750.00. Following the completion of the sale, the executive vice president now directly owns 93,418 shares in the company, valued at $4,617,651.74. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

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Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts.

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Institutional Ownership by Quarter for Bank of New York Mellon (NYSE:BK)

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