US Bancorp DE Has $16.66 Million Stock Holdings in The Bank of New York Mellon Co. (NYSE:BK)

US Bancorp DE raised its holdings in The Bank of New York Mellon Co. (NYSE:BK) by 7.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 216,850 shares of the bank’s stock after purchasing an additional 14,305 shares during the quarter. US Bancorp DE’s holdings in Bank of New York Mellon were worth $16,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BK. Centricity Wealth Management LLC bought a new position in shares of Bank of New York Mellon during the fourth quarter worth approximately $39,000. Modus Advisors LLC acquired a new stake in Bank of New York Mellon during the fourth quarter worth approximately $49,000. Ashton Thomas Securities LLC acquired a new stake in shares of Bank of New York Mellon in the 3rd quarter valued at $46,000. Friedenthal Financial acquired a new stake in shares of Bank of New York Mellon in the 4th quarter valued at $56,000. Finally, Asset Dedication LLC boosted its holdings in shares of Bank of New York Mellon by 342.1% in the 4th quarter. Asset Dedication LLC now owns 756 shares of the bank’s stock valued at $58,000 after purchasing an additional 585 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wolfe Research downgraded Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Bank of America lifted their price objective on Bank of New York Mellon from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Evercore ISI boosted their target price on Bank of New York Mellon from $79.00 to $83.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Truist Financial lifted their price target on Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.71.

Bank of New York Mellon Trading Down 0.7 %

NYSE:BK opened at $88.32 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $64.22 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The firm’s 50 day moving average is $83.24 and its 200 day moving average is $77.46. The Bank of New York Mellon Co. has a 12 month low of $52.64 and a 12 month high of $90.34.

Bank of New York Mellon (NYSE:BK) last issued its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts expect that The Bank of New York Mellon Co. will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a yield of 2.13%. Bank of New York Mellon’s payout ratio is 32.36%.

About Bank of New York Mellon

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.