The Bank of New York Mellon Corporation $BK Position Raised by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lifted its position in shares of The Bank of New York Mellon Corporation (NYSE:BK) by 41.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,129 shares of the bank’s stock after acquiring an additional 6,155 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Bank of New York Mellon were worth $2,302,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BK. Westside Investment Management Inc. grew its position in Bank of New York Mellon by 78.9% in the 2nd quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Hoey Investments Inc. acquired a new position in shares of Bank of New York Mellon during the second quarter worth approximately $32,000. GFG Capital LLC bought a new position in Bank of New York Mellon in the 2nd quarter worth approximately $36,000. Caldwell Trust Co acquired a new stake in Bank of New York Mellon in the 2nd quarter valued at approximately $36,000. Finally, Rise Advisors LLC raised its stake in Bank of New York Mellon by 41.7% during the 1st quarter. Rise Advisors LLC now owns 469 shares of the bank’s stock valued at $39,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Stock Down 0.6%

NYSE BK opened at $116.15 on Friday. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $119.40. The company has a market capitalization of $81.00 billion, a P/E ratio of 16.76, a PEG ratio of 1.05 and a beta of 1.11. The company’s 50 day simple moving average is $112.23 and its 200 day simple moving average is $105.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings results on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $5.07 billion for the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%. Equities research analysts expect that The Bank of New York Mellon Corporation will post 6.96 earnings per share for the current fiscal year.

Bank of New York Mellon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 27th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.8%. Bank of New York Mellon’s payout ratio is 30.59%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BK shares. TD Cowen increased their price target on Bank of New York Mellon from $130.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. BMO Capital Markets initiated coverage on shares of Bank of New York Mellon in a research note on Friday, October 3rd. They set an “outperform” rating and a $125.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Bank of New York Mellon from $106.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Wells Fargo & Company increased their price objective on shares of Bank of New York Mellon from $100.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, Keefe, Bruyette & Woods boosted their target price on Bank of New York Mellon from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average target price of $111.86.

Bank of New York Mellon Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.