Nomura Holdings Inc. Acquires 71,412 Shares of Bank Of New York Mellon Corporation (The) (BK)

Nomura Holdings Inc. raised its holdings in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 935.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,050 shares of the bank’s stock after acquiring an additional 71,412 shares during the period. Nomura Holdings Inc.’s holdings in Bank Of New York Mellon Corporation (The) were worth $4,033,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BK. BlackRock Inc. raised its holdings in Bank Of New York Mellon Corporation (The) by 2,064.6% in the 1st quarter. BlackRock Inc. now owns 57,741,220 shares of the bank’s stock valued at $2,727,121,000 after acquiring an additional 55,073,730 shares during the last quarter. Berkshire Hathaway Inc. raised its holdings in Bank Of New York Mellon Corporation (The) by 52.2% in the 2nd quarter. Berkshire Hathaway Inc. now owns 50,229,588 shares of the bank’s stock valued at $2,562,715,000 after acquiring an additional 17,217,529 shares during the last quarter. New England Asset Management Inc. raised its holdings in Bank Of New York Mellon Corporation (The) by 92,225.0% in the 1st quarter. New England Asset Management Inc. now owns 3,693,000 shares of the bank’s stock valued at $174,420,000 after acquiring an additional 3,689,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Bank Of New York Mellon Corporation (The) by 1,303.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,624,187 shares of the bank’s stock valued at $133,886,000 after acquiring an additional 2,437,230 shares during the last quarter. Finally, Capital International Investors raised its holdings in Bank Of New York Mellon Corporation (The) by 27.9% in the 2nd quarter. Capital International Investors now owns 10,437,822 shares of the bank’s stock valued at $532,538,000 after acquiring an additional 2,275,822 shares during the last quarter. Institutional investors own 81.78% of the company’s stock.

A number of research firms have commented on BK. BidaskClub upgraded shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a report on Sunday, August 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $56.00 price objective (up previously from $53.00) on shares of Bank Of New York Mellon Corporation (The) in a report on Monday. Credit Suisse Group reiterated a “hold” rating and issued a $55.00 price objective on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday. Buckingham Research reiterated a “neutral” rating and issued a $57.00 price objective (up previously from $52.00) on shares of Bank Of New York Mellon Corporation (The) in a report on Monday, July 10th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.81.

In other news, Vice Chairman Thomas P. Gibbons sold 184,380 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $53.95, for a total value of $9,947,301.00. Following the completion of the transaction, the insider now owns 455,927 shares of the company’s stock, valued at $24,597,261.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Trian Fund Management, L.P. sold 10,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $53.09, for a total transaction of $530,900,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 10,931,137 shares of company stock valued at $581,058,723. Company insiders own 3.60% of the company’s stock.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.91 billion. Bank Of New York Mellon Corporation (The) had a net margin of 23.35% and a return on equity of 10.35%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share.

Bank Of New York Mellon Corporation (The) declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to buyback $3.10 billion in shares. This buyback authorization authorizes the bank to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Bank Of New York Mellon Corporation (The) Company Profile

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. 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.

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Institutional Ownership by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

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