Bank of New York Mellon Corp (BK) Director Trian Fund Management, LP Acquires 360000 Shares

Wednesday, 14 Mar, 2018

Bank of New York Mellon Corp (NYSE BK) opened at $55.96 on Wednesday.

In related news, insider Bridget E. Engle sold 38,928 shares of Bank of New York Mellon stock in a transaction dated Thursday, February 22nd. Capital International Investors now owns 23,045,005 shares of the bank's stock valued at $1,221,846,000 after acquiring an additional 12,607,183 shares during the last quarter. Rowland & Co. Investment Counsel ADV purchased a new position in shares of Bank of New York Mellon in the fourth quarter valued at $124,000. The stock decreased 2.06% or $0.04 during the last trading session, reaching $1.9. About 5.15M shares traded or 9.47% up from the average. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. It has underperformed by 2.72% the S&P500.

Parametric Portfolio Associates Llc decreased Healthequity Inc Com (HQY) stake by 14.57% reported in 2017Q3 SEC filing. Bluemar Capital Management Llc sold 6,472 shares as the company's stock declined 1.27% while stock markets rallied. The institutional investor held 90,388 shares of the major banks company at the end of 2017Q3, valued at $4.79 million, up from 10,439 at the end of the previous reported quarter. Truett-Hurst, Inc. (THST) has $13.79 million valuation. The stock increased 0.07% or $0.13 during the last trading session, reaching $177.2. About 2.80M shares traded. Aetna Inc. (NYSE:AET) has risen 28.84% since March 13, 2017 and is uptrending. It has outperformed by 14.07% the S&P500. The institutional investor held 2.02M shares of the property-casualty insurers company at the end of 2017Q3, valued at $97.90 million, down from 2.10 million at the end of the previous reported quarter. Therefore 44% are positive.

On 1/18/2018 Bank of New York Mellon announced a Quarterly dividend of $0.24 0.0043360433604336% with an ex dividend date of 1/29/2018 which will be payable on 2/9/2018.

The Bank of New York Mellon Corporation is an investments company. The company was upgraded on Wednesday, December 28 by Raymond James. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has "Hold" rating given on Tuesday, January 9 by Jefferies. Ftb Advsrs Incorporated holds 0.04% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 7,909 shares. Finally, Deutsche Bank increased their price objective on shares of Bank of New York Mellon from $64.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, March 6th. Citigroup upgraded shares of Bank of New York Mellon from a "neutral" rating to a "buy" rating and set a $56.00 price target for the company in a research note on Wednesday, January 10th.

A number of brokerages recently commented on BK. Keefe, Bruyette & Woods set a $57.00 price target on Bank of New York Mellon and gave the stock a "hold" rating in a research note on Thursday.

Investors sentiment decreased to 0.99 in 2017 Q3. Hotchkis And Wiley Capital Mngmt holds 0.22% or 1.08 million shares in its portfolio. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Benjamin F Edwards reported 3,867 shares. The company's revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts predict that Bank of New York Mellon Corp will post 4.04 earnings per share for the current fiscal year. Wallington Asset Management Limited Liability has 130,831 shares for 1.84% of their portfolio. Berkshire Asset Mngmt Ltd Company Pa holds 0.24% of its portfolio in The Progressive Corporation (NYSE:PGR) for 45,100 shares. Capital International Investors grew its position in shares of Bank of New York Mellon by 120.8% in the third quarter. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits. Artisan Ptnrs Partnership invested in 13.32 million shares or 1.3% of the stock. Massachusetts Services Ma stated it has 36.14 million shares or 0.83% of all its holdings.

Want to see what other hedge funds are holding BK? Wealthtrust Axiom Ltd reported 0.12% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.82. The Ontario - Canada-based Td Asset Mgmt Inc has invested 0.08% in The Bank of New York Mellon Corporation (NYSE:BK). Greystone Investment Lc has 216,492 shares. It also reduced its holding in Iron Mountain Inc (Reit) (NYSE:IRM) by 8,100 shares in the quarter, leaving it with 8,614 shares, and cut its stake in Johnson And Johnson (NYSE:JNJ). Kkr & Co Lp Del (NYSE:KKR) was raised too. Progressive had 59 analyst reports since August 6, 2015 according to SRatingsIntel. They expect $0.96 EPS, up 20.00% or $0.16 from last year's $0.8 per share. PGR's profit will be $599.74 million for 14.68 P/E if the $1.03 EPS becomes a reality. Regentatlantic Capital Ltd holds 0.03% in The Bank of New York Mellon Corporation (NYSE:BK) or 5,607 shares.

Among 9 analysts covering United Community Banks Inc (NASDAQ:UCBI), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 46% are positive. HealthEquity Inc has $62.0 highest and $27 lowest target. The company now has an average rating of "Hold" and a consensus target price of $58.03. HealthEquity Inc had 32 analyst reports since August 18, 2015 according to SRatingsIntel.

1/24/2018-Vining Sparks Reiterated Rating of Hold. The rating was maintained by Cantor Fitzgerald on Thursday, July 13 with "Buy". The stock of Aetna Inc. The stock has "Hold" rating by RBC Capital Markets on Friday, October 6.