The Bank of New York Mellon Co. (NYSE:BK) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,853 shares of the bank’s stock after selling 3,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Bank of New York Mellon were worth $2,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BK. Dakota Wealth Management boosted its holdings in Bank of New York Mellon by 7.0% during the third quarter. Dakota Wealth Management now owns 165,467 shares of the bank’s stock worth $11,890,000 after buying an additional 10,808 shares in the last quarter. Dixon Fnancial Services Inc. purchased a new stake in Bank of New York Mellon during the third quarter worth $212,000. Brighton Jones LLC boosted its holdings in Bank of New York Mellon by 45.4% during the third quarter. Brighton Jones LLC now owns 6,297 shares of the bank’s stock worth $453,000 after buying an additional 1,967 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Bank of New York Mellon by 1,161.0% during the third quarter. International Assets Investment Management LLC now owns 207,764 shares of the bank’s stock valued at $149,300,000 after purchasing an additional 191,288 shares in the last quarter. Finally, Searle & CO. lifted its holdings in Bank of New York Mellon by 226.8% during the third quarter. Searle & CO. now owns 22,837 shares of the bank’s stock valued at $1,641,000 after purchasing an additional 15,848 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, VP Hanneke Smits sold 16,475 shares of Bank of New York Mellon stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the completion of the sale, the vice president now directly owns 157,455 shares in the company, valued at $12,040,583.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Hanneke Smits sold 16,475 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total value of $1,259,843.25. Following the completion of the transaction, the vice president now owns 157,455 shares of the company’s stock, valued at approximately $12,040,583.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP J Kevin Mccarthy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the completion of the transaction, the executive vice president now directly owns 75,404 shares of the company’s stock, valued at approximately $5,754,079.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock opened at $75.20 on Friday. The Bank of New York Mellon Co. has a 12-month low of $41.44 and a 12-month high of $78.03. The stock has a market cap of $56.24 billion, a P/E ratio of 17.41, a PEG ratio of 1.16 and a beta of 1.08. The company has a 50-day moving average price of $70.78 and a 200 day moving average price of $63.60. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.85.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, October 21st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, October 21st. Bank of New York Mellon’s dividend payout ratio is presently 43.52%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of Bank of New York Mellon from $75.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, October 14th. StockNews.com upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating in a research report on Monday, October 14th. Citigroup increased their target price on shares of Bank of New York Mellon from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $79.00 target price on shares of Bank of New York Mellon in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.69.

Bank of New York Mellon Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.