Life Cycle Investment Partners Ltd Buys Shares of 335,985 Bank of New York Mellon Corporation $BNY

Life Cycle Investment Partners Ltd bought a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 335,985 shares of the bank’s stock, valued at approximately $39,004,000.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Bank of New York Mellon in the 4th quarter valued at about $27,000. Marquette Asset Management LLC increased its holdings in Bank of New York Mellon by 174.7% in the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock valued at $30,000 after buying an additional 166 shares during the period. Valley Wealth Managers Inc. bought a new position in Bank of New York Mellon in the 3rd quarter valued at about $33,000. Westside Investment Management Inc. increased its holdings in Bank of New York Mellon by 44.1% in the 3rd quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock valued at $45,000 after buying an additional 127 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Bank of New York Mellon in the 4th quarter valued at about $46,000. 85.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Barclays lifted their price target on shares of Bank of New York Mellon from $143.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Wall Street Zen raised shares of Bank of New York Mellon to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods lifted their price target on shares of Bank of New York Mellon from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Evercore set a $136.00 price target on shares of Bank of New York Mellon in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned 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 $138.08.

Insider Buying and Selling at Bank of New York Mellon

In related news, VP Shannon Marie Hobbs sold 297 shares of Bank of New York Mellon stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $137.05, for a total transaction of $40,703.85. Following the sale, the vice president directly owned 15,206 shares in the company, valued at $2,083,982.30. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $136.50, for a total transaction of $4,095,000.00. Following the completion of the transaction, the executive vice president owned 50,238 shares in the company, valued at $6,857,487. This trade represents a 37.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 48,091 shares of company stock valued at $6,568,423 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Bank of New York Mellon Stock Up 0.1%

NYSE:BNY opened at $139.15 on Friday. The firm’s 50 day simple moving average is $127.66 and its 200 day simple moving average is $120.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. Bank of New York Mellon Corporation has a one year low of $87.41 and a one year high of $139.15. The company has a market cap of $95.77 billion, a PE ratio of 17.24, a P/E/G ratio of 1.02 and a beta of 1.08.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Thursday, April 16th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $1.94 by $0.31. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the company earned $1.58 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Bank of New York Mellon Corporation will post 8.78 earnings per share for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Monday, April 27th were given a dividend of $0.53 per share. The ex-dividend date was Monday, April 27th. This represents a $2.12 annualized dividend and a yield of 1.5%. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 26.27%.

About Bank of New York Mellon

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.