Financial Engines Advisors L.l.c. Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Financial Engines Advisors L.l.c. reduced its stake in Bank of New York Mellon Corp by 7.63% during the most recent quarter end. The investment management company now holds a total of 182,575 shares of Bank of New York Mellon Corp which is valued at $7,253,705 after selling 15,078 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Bank of New York Mellon Corp makes up approximately 5.81% of Financial Engines Advisors L.l.c.’s portfolio.

Other Hedge Funds, Including , Fdo Partners sold out all of its stake in BK during the most recent quarter. The investment firm sold 6,529 shares of BK which is valued $259,397.Dean Investment Associates reduced its stake in BK by selling 1,177 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 97,090 shares of BK which is valued at $3,807,870. Bank of New York Mellon Corp makes up approx 0.72% of Dean Investment Associates’s portfolio.St. Johns Investment Management Company reduced its stake in BK by selling 127 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 19,518 shares of BK which is valued at $780,915. Bank of New York Mellon Corp makes up approx 0.68% of St. Johns Investment Management Company’s portfolio.Abner Herrman Brock boosted its stake in BK in the latest quarter, The investment management firm added 11,730 additional shares and now holds a total of 221,700 shares of Bank of New York Mellon Corp which is valued at $8,737,197. Bank of New York Mellon Corp makes up approx 2.02% of Abner Herrman Brock’s portfolio.

Bank of New York Mellon Corp opened for trading at $40.06 and hit $40.35 on the upside on Friday, eventually ending the session at $40.25, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 31,17,002 shares. Company has a market cap of $42,974 M.

On the company’s financial health, Bank of New York Mellon Corp reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.75. The company had revenue of $3776.00 million for the quarter, compared to analysts expectations of $3795.74 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

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.

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