Bank of New York Mellon Corp (BK) : Squarepoint Ops scooped up 159,065 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 15, 2016. The investment management firm now holds a total of 242,617 shares of Bank of New York Mellon Corp which is valued at $9,639,173.Bank of New York Mellon Corp makes up approximately 0.72% of Squarepoint Ops’s portfolio.
Other Hedge Funds, Including , Magnetar Financial sold out all of its stake in BK during the most recent quarter. The investment firm sold 9,348 shares of BK which is valued $371,396.Engineers Gate Manager Lp reduced its stake in BK by selling 95,805 shares or 47.14% in the most recent quarter. The Hedge Fund company now holds 107,422 shares of BK which is valued at $4,267,876. Bank of New York Mellon Corp makes up approx 0.29% of Engineers Gate Manager Lp’s portfolio.M&r Capital Management Inc boosted its stake in BK in the latest quarter, The investment management firm added 16,441 additional shares and now holds a total of 228,258 shares of Bank of New York Mellon Corp which is valued at $9,068,690. Bank of New York Mellon Corp makes up approx 2.29% of M&r Capital Management Inc’s portfolio.Meyer Handelman Co reduced its stake in BK by selling 2,000 shares or 17.1% in the most recent quarter. The Hedge Fund company now holds 9,696 shares of BK which is valued at $379,986. Bank of New York Mellon Corp makes up approx 0.02% of Meyer Handelman Co’s portfolio.
Bank of New York Mellon Corp closed down -0.2 points or -0.48% at $41.47 with 33,57,138 shares getting traded on Thursday. Post opening the session at $41.8, the shares hit an intraday low of $41.09 and an intraday high of $42.02 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 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.