As Bank Of New York Mellon Corp. (BK) Shares Declined, Shareholder Davis Selected Advisers Decreased Stake

June 29, 2018 - By Damon Whitfield

The Bank of New York Mellon Corporation (NYSE:BK) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.87. That’s change of 0.12, from 2017Q4’s 0.99. 53 investors sold all, 340 reduced holdings as BK ratio worsened. 260 rose holdings while 81 funds took holdings. Funds hold 812.17 million shares thus 1.50% less from 2017Q4’s 824.52 million shares. Comml Bank Of America Corp De reported 4.24M shs stake. Nuveen Asset Management Ltd Liability Com reported 0.11% of its capital in The Bank of New York Mellon Corporation (NYSE:BK). Creative Planning stated it has 71,031 shs. Barnett Communications holds 3,215 shs. Ycg Ltd Limited Liability Company invested in 0.06% or 5,494 shs. Private Mgmt Grp Inc accumulated 333,806 shs or 0.92% of the stock. State Treasurer State Of Michigan holds 0.12% or 297,248 shs. Putnam Investments Limited Liability, Massachusetts-based fund reported 200,516 shs. Bluemountain Cap Lc holds 0.11% or 91,592 shs. 1.50 million were accumulated by Bancorporation Of Montreal Can. Moreover, Mirae Asset Glob Investments Company Ltd has 0% invested in The Bank of New York Mellon Corporation (NYSE:BK). Edgewood Mngmt Ltd Liability Corporation has 58,238 shs. Asset Management Incorporated holds 60,893 shs or 0.15% of its capital. Bluecrest Cap Mngmt Ltd owns 88,192 shs. Moreover, Richard C Young & Ltd has 3.25% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 316,699 shs.

The stake In Bank Of New York Mellon Corp. (BK) was reduced owned by Davis Selected Advisers. According to 2018Q1 SEC filling the reduction is 2.01%. 392,299 shares were sold by Davis Selected Advisers as the company’s stock declined 2.03% with the market. The major banks company reported $986.47M value for the 2018Q1. Now the institutional investor is holding 19.14 million shares, compared to the 19.54M from the previous quarter. $55.21 billion is Bank Of New York Mellon Corp.’s market cap. BK is reaching $54.63 during the last trading session, after increased 0.61%.Currently The Bank of New York Mellon Corporation is uptrending after 20.30% change in last June 29, 2017. BK has 2.40M shares volume. The stock outperformed the S&P 500 by 7.73%.

Davis Selected Advisers upped its stake in Johnson Controls International Plc by 5.27 million shares to 22.42M shares, valued at $790.01M in 2018Q1, according to the filing. It manages about $48.17 billion and $23.12B US Long portfolio. Davis Selected Advisers has risen its stake in Capital One Financial Corp. (NYSE:COF) and also increased its holding in Avalonbay Communities Inc. (NYSE:AVB) by 32,171 shares in the quarter, for a total of 116,282 shares.

Earnings report for The Bank of New York Mellon Corporation (NYSE:BK) is awaited on July, 19., Faxor reports. Analysts expect change of 13.04 % or $0.12 from previous year’s $0.92 EPS compared to current’s $1.04 EPS. BK’s profit could reach $1.05 billion if the current EPS of $1.04 is accurate. After $1.10 EPS was announced last quarter, analysts now see negative EPS growth of -5.45 % for The Bank of New York Mellon Corporation.

For more The Bank of New York Mellon Corporation (NYSE:BK) news posted recently go to: Prnewswire.com, Globenewswire.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “BNY Mellon Announces Intention to Increase Quarterly Common Stock Dividend by 17 Percent to $0.28 per Share and …” posted on June 28, 2018, “Factors of Influence in 2018, Key Indicators and Opportunity within DXC Technology, Washington Prime Group, The …” on June 27, 2018, “Federal Reserve objects to Deutsche Bank USA’s capital return plan” with a publish date: June 28, 2018, “BNY Mellon, Citizens Financial, Northern Trust, M&T Bank release capital return plans” and the last “Voya introduces lending program to retail wealth management clients” with publication date: June 26, 2018.

The Bank of New York Mellon Corporation (NYSE:BK) Ratings Coverage

In total 12 analysts cover BNY Mellon (NYSE:BK). “Buy” rating has 5, “Sell” are 2, while 5 are “Hold”. 42% are bullish. 21 are the (NYSE:BK)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. On Monday, March 12 the company was downgraded by Goldman Sachs. On Thursday, April 19 Sandler O’Neill maintained the shares of BK in report with “Hold” rating. On Thursday, April 5 Jefferies maintained The Bank of New York Mellon Corporation (NYSE:BK) rating. Jefferies has “Hold” rating and $5800 target. The company rating was upgraded by Citigroup on Wednesday, January 10. In Friday, April 6 report Deutsche Bank maintained it with “Buy” rating and $60 target. On Thursday, March 8 Keefe Bruyette & Woods maintained the shares of BK in report with “Hold” rating. On Tuesday, March 6 the rating was maintained by Deutsche Bank with “Buy”. In Thursday, January 18 report Sandler O’Neill maintained the stock with “Hold” rating. On Thursday, April 19 the stock has “Hold” rating by Keefe Bruyette & Woods. On Monday, April 9 the stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given by Sandler O’Neill.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: