Bank of New York Mellon Corp (BK) : Rafferty Asset Management scooped up 4,398 additional shares in Bank of New York Mellon Corp during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 111,194 shares of Bank of New York Mellon Corp which is valued at $4.2 Million.Bank of New York Mellon Corp makes up approximately 0.52% of Rafferty Asset Management’s portfolio.
Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in BK during the Q4 period, The investment management firm added 8,744 additional shares and now holds a total of 2,877,254 shares of Bank of New York Mellon Corp which is valued at $109.8 Million. Bank of New York Mellon Corp makes up approx 0.62% of Bessemer Group Inc’s portfolio.Mraz Amerine Associates reduced its stake in BK by selling 118 shares or 0.13% during the fourth quarter. The Hedge Fund company now holds 89,921 shares of BK which is valued at $3.4 Million. Bank of New York Mellon Corp makes up approx 1.28% of Mraz Amerine Associates’s portfolio.Blackrock Group Ltd boosted its stake in BK during the Q4 period, The investment management firm added 23,997 additional shares and now holds a total of 8,573,065 shares of Bank of New York Mellon Corp which is valued at $327.1 Million. Bank of New York Mellon Corp makes up approx 0.18% of Blackrock Group Ltd’s portfolio.Hartford Investment Management Co reduced its stake in BK by selling 6,719 shares or 2.31% during the fourth quarter. The Hedge Fund company now holds 284,039 shares of BK which is valued at $10.8 Million. Bank of New York Mellon Corp makes up approx 0.23% of Hartford Investment Management Co’s portfolio.Atlantic Trust Group boosted its stake in BK during the Q4 period, The investment management firm added 1,448 additional shares and now holds a total of 22,613 shares of Bank of New York Mellon Corp which is valued at $862,686. Bank of New York Mellon Corp makes up approx 0.01% of Atlantic Trust Group’s portfolio.
On the company’s financial health, Bank of New York Mellon Corp reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.64. The company had revenue of $3726.00 million for the quarter, compared to analysts expectations of $3751.20 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Many Wall Street Analysts have commented on Bank of New York Mellon Corp. Shares were Reiterated by Deutsche Bank on Jan 8, 2016 to “Buy” and Lowered the Price Target to $ 47 from a previous price target of $48 .Bank of New York Mellon Corp was Upgraded by JP Morgan to ” Overweight” on Jan 7, 2016.
Bank of New York Mellon Corp closed down -0.02 points or -0.05% at $38.13 with 53,65,525 shares getting traded on Monday. Post opening the session at $38.2, the shares hit an intraday low of $37.86 and an intraday high of $38.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses Investment Management and Investment Services it serves institutions corporations and high net worth individuals. For institutions and corporations it provides investment management trust and custody foreign exchange fund administration global collateral services securities lending depositary receipts corporate trust global payment/cash management banking services and clearing services. For individuals it provides mutual funds separate accounts wealth management and private banking services. BNY Mellons investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31 2014.