Nations Financial Group Inc. IA ADV Has $731,000 Holdings in The Bank of New York Mellon Co. (NYSE:BK)

Nations Financial Group Inc. IA ADV grew its position in shares of The Bank of New York Mellon Co. (NYSE:BK) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,175 shares of the bank’s stock after buying an additional 1,524 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Bank of New York Mellon were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in Bank of New York Mellon by 21.5% in the third quarter. Venturi Wealth Management LLC now owns 1,147 shares of the bank’s stock worth $82,000 after purchasing an additional 203 shares in the last quarter. Delta Financial Advisors LLC lifted its position in shares of Bank of New York Mellon by 2.7% in the third quarter. Delta Financial Advisors LLC now owns 47,603 shares of the bank’s stock worth $3,421,000 after buying an additional 1,259 shares during the last quarter. Catalytic Wealth RIA LLC bought a new stake in shares of Bank of New York Mellon during the 3rd quarter worth about $428,000. Kennebec Savings Bank acquired a new position in shares of Bank of New York Mellon during the 3rd quarter valued at about $231,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Bank of New York Mellon in the 3rd quarter valued at approximately $46,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Hanneke Smits sold 16,475 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the completion of the transaction, the vice president now owns 157,455 shares in the company, valued at $12,040,583.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP J Kevin Mccarthy sold 25,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.31, for a total transaction of $1,907,750.00. Following the completion of the sale, the executive vice president now owns 75,404 shares in the company, valued at $5,754,079.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Hanneke Smits sold 16,475 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the completion of the transaction, the vice president now owns 157,455 shares in the company, valued at approximately $12,040,583.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Bank of New York Mellon Price Performance

Shares of BK stock opened at $77.61 on Thursday. The company has a market capitalization of $56.43 billion, a P/E ratio of 16.87, a P/E/G ratio of 0.90 and a beta of 1.07. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The Bank of New York Mellon Co. has a 12 month low of $46.00 and a 12 month high of $80.29. The stock has a 50 day moving average of $73.36 and a two-hundred day moving average of $65.57.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Friday, October 11th. The bank reported $1.52 EPS for the quarter, topping the consensus estimate of $1.41 by $0.11. The firm had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. As a group, equities analysts expect that The Bank of New York Mellon Co. will post 5.82 EPS for the current year.

Bank of New York Mellon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, October 21st were given a dividend of $0.47 per share. The ex-dividend date was Monday, October 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.42%. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 40.87%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BK shares. Evercore ISI upped their target price on Bank of New York Mellon from $66.00 to $77.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Citigroup raised their target price on shares of Bank of New York Mellon from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their target price on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com downgraded Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays boosted their price objective on Bank of New York Mellon from $75.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Bank of New York Mellon Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.