Bank of New York Mellon Corporation $BNY Stock Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in Bank of New York Mellon Corporation (NYSE:BNY) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 179,129 shares of the bank’s stock after buying an additional 11,103 shares during the period. Commonwealth Equity Services LLC’s holdings in Bank of New York Mellon were worth $25,907,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BNY. Focus Partners Advisor Solutions LLC bought a new position in Bank of New York Mellon in the 2nd quarter worth approximately $1,128,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Bank of New York Mellon during the 2nd quarter valued at approximately $13,234,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Bank of New York Mellon during the third quarter valued at approximately $3,688,000. Engineers Gate Manager LP bought a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $1,264,000. Finally, Corient Private Wealth LP bought a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $48,434,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Up 2.3%

NYSE BNY opened at $151.12 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $101.69 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.02 and a beta of 1.02. Bank of New York Mellon Corporation has a one year low of $105.42 and a one year high of $165.84. The stock has a 50 day moving average price of $150.04 and a 200-day moving average price of $140.09.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The firm had revenue of $5.68 billion during the quarter. Bank of New York Mellon’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Bank of New York Mellon Corporation will post 9.39 EPS for the current fiscal year.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, CEO Robin Vince sold 40,620 shares of Bank of New York Mellon stock in a transaction on Monday, October 26th. The shares were sold at an average price of $147.81, for a total value of $6,004,042.20. Following the completion of the transaction, the chief executive officer directly owned 585,174 shares of the company’s stock, valued at $86,494,568.94. This trade represents a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the transaction, the vice president directly owned 173,304 shares of the company’s stock, valued at $25,616,064.24. The trade was a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,560 shares of company stock valued at $9,007,119 in the last quarter. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. New Street Research set a $182.00 price target on shares of Bank of New York Mellon in a report on Friday, October 16th. Erste Group Bank began coverage on shares of Bank of New York Mellon in a report on Wednesday, July 15th. They set a “buy” rating for the company. Argus increased their price objective on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bank of New York Mellon in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price on Bank of New York Mellon from $161.00 to $166.50 and gave the stock an “overweight” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.04.

Bank of New York Mellon Profile

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.