Bank of New York Mellon Corp (BK) : First Fiduciary Investment Counsel reduced its stake in Bank of New York Mellon Corp by 4.08% during the most recent quarter end. The investment management company now holds a total of 369,310 shares of Bank of New York Mellon Corp which is valued at $14,672,686 after selling 15,725 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Bank of New York Mellon Corp makes up approximately 3.02% of First Fiduciary Investment Counsel’s portfolio.
Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in BK in the latest quarter, The investment management firm added 70,391 additional shares and now holds a total of 728,828 shares of Bank of New York Mellon Corp which is valued at $28,956,336. Bank of New York Mellon Corp makes up approx 0.22% of Cornerstone Capital Management Holdings.’s portfolio.Canada Pension Plan Investment Board boosted its stake in BK in the latest quarter, The investment management firm added 957,348 additional shares and now holds a total of 2,169,572 shares of Bank of New York Mellon Corp which is valued at $86,197,096. Bank of New York Mellon Corp makes up approx 0.33% of Canada Pension Plan Investment Board’s portfolio. Pioneer Investment Management Inc added BK to its portfolio by purchasing 786,616 company shares during the most recent quarter which is valued at $31,252,254. Bank of New York Mellon Corp makes up approx 0.11% of Pioneer Investment Management Inc’s portfolio.
Bank of New York Mellon Corp opened for trading at $40.92 and hit $41.405 on the upside on Monday, eventually ending the session at $41.26, with a gain of 1.00% or 0.41 points. The heightened volatility saw the trading volume jump to 31,78,657 shares. Company has a market cap of $44,052 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 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.