Saddle Road Partners buys $4,767,861 stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Saddle Road Partners scooped up 25,445 additional shares in Bank of New York Mellon Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 120,981 shares of Bank of New York Mellon Corp which is valued at $4,767,861.Bank of New York Mellon Corp makes up approximately 2.78% of Saddle Road Partners’s portfolio.

Other Hedge Funds, Including , Hall Laurie J Trustee boosted its stake in BK in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 4,795 shares of Bank of New York Mellon Corp which is valued at $188,971. Bank of New York Mellon Corp makes up approx 0.12% of Hall Laurie J Trustee’s portfolio.Alpha Windward reduced its stake in BK by selling 114 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 5,351 shares of BK which is valued at $205,960. Bank of New York Mellon Corp makes up approx 0.15% of Alpha Windward’s portfolio.Kistler-tiffany Companies boosted its stake in BK in the latest quarter, The investment management firm added 213 additional shares and now holds a total of 4,103 shares of Bank of New York Mellon Corp which is valued at $157,924. Bank of New York Mellon Corp makes up approx 0.08% of Kistler-tiffany Companies’s portfolio.Integrated Investment Consultants boosted its stake in BK in the latest quarter, The investment management firm added 308 additional shares and now holds a total of 2,912 shares of Bank of New York Mellon Corp which is valued at $108,123. Bank of New York Mellon Corp makes up approx 0.06% of Integrated Investment Consultants’s portfolio.

Bank of New York Mellon Corp opened for trading at $40.09 and hit $40.09 on the upside on Friday, eventually ending the session at $39.79, with a gain of 0.25% or 0.1 points. The heightened volatility saw the trading volume jump to 39,46,248 shares. Company has a market cap of $42,857 M.

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.

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