Mercer Capital Advisers Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Mercer Capital Advisers reduced its stake in Bank of New York Mellon Corp by 5.0% during the most recent quarter end. The investment management company now holds a total of 1,900 shares of Bank of New York Mellon Corp which is valued at $78,014 after selling 100 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Bank of New York Mellon Corp makes up approximately 0.07% of Mercer Capital Advisers’s portfolio.

Bank of New York Mellon Corp opened for trading at $41.06 and hit $41.6 on the upside on Wednesday, eventually ending the session at $41.28, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 51,29,043 shares. Company has a market cap of $44,409 M.

Other Hedge Funds, Including , Portland Global Advisors boosted its stake in BK in the latest quarter, The investment management firm added 3,740 additional shares and now holds a total of 56,027 shares of Bank of New York Mellon Corp which is valued at $2,300,469. Bank of New York Mellon Corp makes up approx 1.08% of Portland Global Advisors’s portfolio.Proficio Capital Partners reduced its stake in BK by selling 267 shares or 83.7% in the most recent quarter. The Hedge Fund company now holds 52 shares of BK which is valued at $1,865.Charter Trust Co reduced its stake in BK by selling 500 shares or 6.34% in the most recent quarter. The Hedge Fund company now holds 7,388 shares of BK which is valued at $264,934. Bank of New York Mellon Corp makes up approx 0.03% of Charter Trust Co’s portfolio.Kistler-tiffany Companies boosted its stake in BK in the latest quarter, The investment management firm added 615 additional shares and now holds a total of 3,890 shares of Bank of New York Mellon Corp which is valued at $139,495. Bank of New York Mellon Corp makes up approx 0.08% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, Bank of New York Mellon Corp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.68. The company had revenue of $3737.00 million for the quarter, compared to analysts expectations of $3715.95 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Bank of New York Mellon Corp. Company shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $40 .Company shares were Reiterated by UBS on Apr 22, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

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 Mellon’s 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.

Leave a Reply

Bank of New York Mellon Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Bank of New York Mellon Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.