AHL Partners LLP Sells 58,394 Shares of Bank Of New York Mellon Corporation (The) (BK)

AHL Partners LLP decreased its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 59.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,307 shares of the bank’s stock after selling 58,394 shares during the period. AHL Partners LLP’s holdings in Bank Of New York Mellon Corporation (The) were worth $2,006,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BK. Vanguard Group Inc. grew its stake in shares of Bank Of New York Mellon Corporation (The) by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 67,420,467 shares of the bank’s stock valued at $3,439,792,000 after purchasing an additional 1,071,088 shares during the period. BlackRock Inc. grew its stake in shares of Bank Of New York Mellon Corporation (The) by 2,064.6% in the 1st quarter. BlackRock Inc. now owns 57,741,220 shares of the bank’s stock valued at $2,727,121,000 after purchasing an additional 55,073,730 shares during the period. Longview Partners Guernsey LTD grew its stake in shares of Bank Of New York Mellon Corporation (The) by 4.6% in the 2nd quarter. Longview Partners Guernsey LTD now owns 16,519,184 shares of the bank’s stock valued at $842,809,000 after purchasing an additional 726,898 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Bank Of New York Mellon Corporation (The) by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 15,129,897 shares of the bank’s stock valued at $771,927,000 after purchasing an additional 838,301 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of Bank Of New York Mellon Corporation (The) by 0.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 13,498,951 shares of the bank’s stock valued at $688,716,000 after purchasing an additional 50,788 shares during the period. 81.78% of the stock is owned by hedge funds and other institutional investors.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. Bank Of New York Mellon Corporation (The) had a net margin of 23.35% and a return on equity of 10.35%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue was up .4% on a year-over-year basis.

Bank Of New York Mellon Corporation (The) announced that its board has authorized a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $3.10 billion in outstanding shares. This buyback authorization authorizes the bank to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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Several equities research analysts have recently weighed in on BK shares. UBS AG lowered Bank Of New York Mellon Corporation (The) from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Friday, September 8th. Zacks Investment Research upgraded Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, July 11th. Bank of America Corporation set a $52.00 price objective on Bank Of New York Mellon Corporation (The) and gave the company a “sell” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $54.81.

In other news, CEO Charles W. Scharf acquired 186,900 shares of the stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $53.82 per share, for a total transaction of $10,058,958.00. Following the completion of the transaction, the chief executive officer now directly owns 73,640 shares in the company, valued at $3,963,304.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Brian T. Shea sold 44,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $52.90, for a total transaction of $2,340,825.00. Following the transaction, the insider now owns 204,043 shares of the company’s stock, valued at $10,793,874.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,931,137 shares of company stock valued at $581,058,723. Company insiders own 3.60% of the company’s stock.

About Bank Of New York Mellon Corporation (The)

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

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Institutional Ownership by Quarter for Bank Of New York Mellon Corporation (The) (NYSE:BK)

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