Bank of New York Mellon Corp (BK) : First Eagle Investment Management scooped up 314,588 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 Aug 9, 2016. The investment management firm now holds a total of 23,923,008 shares of Bank of New York Mellon Corp which is valued at $957,877,240.Bank of New York Mellon Corp makes up approximately 2.31% of First Eagle Investment Management’s portfolio.
Other Hedge Funds, Including , Tlp Group reduced its stake in BK by selling 15,327 shares or 91.23% in the most recent quarter. The Hedge Fund company now holds 1,473 shares of BK which is valued at $59,789. Bank of New York Mellon Corp makes up approx 0.04% of Tlp Group’s portfolio.Blair William Coil reduced its stake in BK by selling 12,205 shares or 18.52% in the most recent quarter. The Hedge Fund company now holds 53,699 shares of BK which is valued at $2,150,108. Bank of New York Mellon Corp makes up approx 0.02% of Blair William Coil’s portfolio.Tdam Usa reduced its stake in BK by selling 659 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 35,583 shares of BK which is valued at $1,441,112. Bank of New York Mellon Corp makes up approx 0.07% of Tdam Usa’s portfolio.Gamco Investors Et Al reduced its stake in BK by selling 83,492 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 6,078,835 shares of BK which is valued at $246,192,818. Bank of New York Mellon Corp makes up approx 1.59% of Gamco Investors Et Al’s portfolio.Jfs Wealth Advisors boosted its stake in BK in the latest quarter, The investment management firm added 7,104 additional shares and now holds a total of 13,963 shares of Bank of New York Mellon Corp which is valued at $557,543. Bank of New York Mellon Corp makes up approx 0.15% of Jfs Wealth Advisors’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 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.