Fort Washington Investment Advisors Inc Oh Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Fort Washington Investment Advisors Inc Oh reduced its stake in Bank of New York Mellon Corp by 4.31% during the most recent quarter end. The investment management company now holds a total of 3,093,267 shares of Bank of New York Mellon Corp which is valued at $147,022,981 after selling 139,386 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Bank of New York Mellon Corp makes up approximately 2.69% of Fort Washington Investment Advisors Inc Oh’s portfolio.

Other Hedge Funds, Including , Legg Mason Asset Management (japan) Ltd. sold out all of its stake in BK during the most recent quarter. The investment firm sold 26,400 shares of BK which is valued $1,254,792.Credit Agricole S A boosted its stake in BK in the latest quarter, The investment management firm added 358,703 additional shares and now holds a total of 2,516,041 shares of Bank of New York Mellon Corp which is valued at $116,266,255. Bank of New York Mellon Corp makes up approx 0.39% of Credit Agricole S A’s portfolio.Korea Investment Corp reduced its stake in BK by selling 95,900 shares or 8.65% in the most recent quarter. The Hedge Fund company now holds 1,012,378 shares of BK which is valued at $46,103,694. Bank of New York Mellon Corp makes up approx 0.25% of Korea Investment Corp’s portfolio.United States Steel Carnegie Pension Fund reduced its stake in BK by selling 158,755 shares or 18.32% in the most recent quarter. The Hedge Fund company now holds 707,994 shares of BK which is valued at $30,436,662. Bank of New York Mellon Corp makes up approx 0.92% of United States Steel Carnegie Pension Fund’s portfolio.K.j. Harrison Partners Inc reduced its stake in BK by selling 17,375 shares or 42.12% in the most recent quarter. The Hedge Fund company now holds 23,875 shares of BK which is valued at $1,041,189. Bank of New York Mellon Corp makes up approx 0.54% of K.j. Harrison Partners Inc’s portfolio.

Bank of New York Mellon Corp closed down -0.16 points or -0.34% at $47.44 with 58,08,898 shares getting traded on Monday. Post opening the session at $47.53, the shares hit an intraday low of $47.16 and an intraday high of $47.665 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Bank of New York Mellon Corp reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.81. The company had revenue of $3932.00 million for the quarter, compared to analysts expectations of $3879.74 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Bank of New York Mellon Corp. Bank of New York Mellon Corp was Downgraded by Buckingham Research to ” Neutral” on Nov 21, 2016. Bank of New York Mellon Corp was Upgraded by Morgan Stanley to ” Equal-Weight” on Oct 21, 2016. Bank of New York Mellon Corp was Upgraded by Keefe Bruyette to ” Outperform” on Oct 21, 2016.

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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