Cls Investments Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Cls Investments reduced its stake in Bank of New York Mellon Corp by 0.11% during the most recent quarter end. The investment management company now holds a total of 30,467 shares of Bank of New York Mellon Corp which is valued at $1,236,656 after selling 35 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Bank of New York Mellon Corp makes up approximately 0.05% of Cls Investments’s portfolio.

Other Hedge Funds, Including , Investment Centers Of America Inc sold out all of its stake in BK during the most recent quarter. The investment firm sold 10,299 shares of BK which is valued $418,036. Cambridge Investment Research Advisors sold out all of its stake in BK during the most recent quarter. The investment firm sold 16,740 shares of BK which is valued $677,970. Prospera Financial Services Inc added BK to its portfolio by purchasing 7,858 company shares during the most recent quarter which is valued at $313,770. Bank of New York Mellon Corp makes up approx 0.06% of Prospera Financial Services Inc’s portfolio.Cibc World Markets boosted its stake in BK in the latest quarter, The investment management firm added 1,716 additional shares and now holds a total of 60,346 shares of Bank of New York Mellon Corp which is valued at $2,364,960. Bank of New York Mellon Corp makes up approx 0.01% of Cibc World Markets’s portfolio.

Bank of New York Mellon Corp opened for trading at $40.03 and hit $40.28 on the upside on Wednesday, eventually ending the session at $40.21, with a gain of 0.55% or 0.22 points. The heightened volatility saw the trading volume jump to 39,36,900 shares. Company has a market cap of $42,931 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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