Bank of New York Mellon Corp (BK) : Isthmus Partners reduced its stake in Bank of New York Mellon Corp by 1.05% during the most recent quarter end. The investment management company now holds a total of 143,957 shares of Bank of New York Mellon Corp which is valued at $5,764,038 after selling 1,534 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Bank of New York Mellon Corp makes up approximately 1.80% of Isthmus Partners’s portfolio.
Other Hedge Funds, Including , Mufg Americas Holdings Corp boosted its stake in BK in the latest quarter, The investment management firm added 17,259 additional shares and now holds a total of 165,206 shares of Bank of New York Mellon Corp which is valued at $6,614,848. Bank of New York Mellon Corp makes up approx 0.22% of Mufg Americas Holdings Corp’s portfolio.Pekin Singer Strauss Asset Management Il reduced its stake in BK by selling 7,990 shares or 8.12% in the most recent quarter. The Hedge Fund company now holds 90,458 shares of BK which is valued at $3,547,763. Bank of New York Mellon Corp makes up approx 0.76% of Pekin Singer Strauss Asset Management Il’s portfolio.Delta Capital Management reduced its stake in BK by selling 8,877 shares or 12.56% in the most recent quarter. The Hedge Fund company now holds 61,804 shares of BK which is valued at $2,423,953. Bank of New York Mellon Corp makes up approx 1.82% of Delta Capital Management’s portfolio.Canandaigua National Bank Trust Co reduced its stake in BK by selling 175 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 7,767 shares of BK which is valued at $310,136. Bank of New York Mellon Corp makes up approx 0.09% of Canandaigua National Bank Trust Co’s portfolio. Searle sold out all of its stake in BK during the most recent quarter. The investment firm sold 6,283 shares of BK which is valued $247,613.
Bank of New York Mellon Corp opened for trading at $39.98 and hit $40.27 on the upside on Monday, eventually ending the session at $40.16, with a gain of 1.08% or 0.43 points. The heightened volatility saw the trading volume jump to 22,39,825 shares. Company has a market cap of $42,878 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.