St. James Investment Company Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : St. James Investment Company reduced its stake in Bank of New York Mellon Corp by 0.19% during the most recent quarter end. The investment management company now holds a total of 1,301,064 shares of Bank of New York Mellon Corp which is valued at $51,027,730 after selling 2,538 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Bank of New York Mellon Corp makes up approximately 6.29% of St. James Investment Company’s portfolio.

Other Hedge Funds, Including , Anchor Capital Advisors reduced its stake in BK by selling 798,525 shares or 95.02% in the most recent quarter. The Hedge Fund company now holds 41,824 shares of BK which is valued at $1,640,337. Bank of New York Mellon Corp makes up approx 0.04% of Anchor Capital Advisors’s portfolio.Quadrant Capital Group reduced its stake in BK by selling 124 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 3,572 shares of BK which is valued at $140,737. Bank of New York Mellon Corp makes up approx 0.09% of Quadrant Capital Group’s portfolio.Mraz Amerine Associates reduced its stake in BK by selling 850 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 89,171 shares of BK which is valued at $3,560,598. Bank of New York Mellon Corp makes up approx 1.24% of Mraz Amerine Associates’s portfolio.Kanaly Trust Co reduced its stake in BK by selling 42 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 1,958 shares of BK which is valued at $76,734. Bank of New York Mellon Corp makes up approx 0.02% of Kanaly Trust Co’s portfolio.St. Johns Investment Management Company reduced its stake in BK by selling 127 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 19,518 shares of BK which is valued at $780,915. Bank of New York Mellon Corp makes up approx 0.68% of St. Johns Investment Management Company’s portfolio.

Bank of New York Mellon Corp closed down -0.28 points or -0.71% at $38.94 with 55,17,109 shares getting traded on Thursday. Post opening the session at $39.14, the shares hit an intraday low of $38.825 and an intraday high of $39.28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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