Dodge & Cox bought a new stake in shares of Bank of New York Mellon Corp (NYSE:BK) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 49,656,019 shares of the company’s stock, valued at approximately $2,352,702,000. Bank of New York Mellon Corp accounts for 2.1% of Dodge & Cox’s portfolio, making the stock its 15th largest position.

Several other institutional investors have also added to or reduced their stakes in BK. BNP Paribas Arbitrage SA raised its position in shares of Bank of New York Mellon Corp by 14.0% in the third quarter. BNP Paribas Arbitrage SA now owns 271,988 shares of the company’s stock worth $10,847,000 after buying an additional 33,472 shares during the last quarter. BlackRock Group LTD raised its position in shares of Bank of New York Mellon Corp by 4.8% in the third quarter. BlackRock Group LTD now owns 8,673,475 shares of the company’s stock worth $345,898,000 after buying an additional 398,578 shares during the last quarter. Princeton Alpha Management LP raised its position in shares of Bank of New York Mellon Corp by 21.4% in the third quarter. Princeton Alpha Management LP now owns 69,860 shares of the company’s stock worth $2,786,000 after buying an additional 12,326 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Bank of New York Mellon Corp by 101.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 28,596 shares of the company’s stock worth $1,355,000 after buying an additional 14,409 shares during the last quarter. Finally, BB&T Securities LLC raised its position in shares of Bank of New York Mellon Corp by 16.4% in the third quarter. BB&T Securities LLC now owns 41,554 shares of the company’s stock worth $1,657,000 after buying an additional 5,870 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

Institutional Ownership by Quarter for Bank of New York Mellon Corp (NYSE:BK)

Shares of Bank of New York Mellon Corp (NYSE:BK) traded down 0.67% during midday trading on Monday, hitting $47.59. 1,695,565 shares of the stock were exchanged. The firm’s 50-day moving average is $46.88 and its 200-day moving average is $44.99. Bank of New York Mellon Corp has a 12 month low of $35.44 and a 12 month high of $49.54. The stock has a market cap of $49.37 billion, a price-to-earnings ratio of 15.11 and a beta of 1.32.

Bank of New York Mellon Corp (NYSE:BK) last announced its earnings results on Thursday, January 19th. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Bank of New York Mellon Corp had a return on equity of 9.74% and a net margin of 22.64%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. Equities research analysts predict that Bank of New York Mellon Corp will post $3.46 earnings per share for the current year.

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A number of equities analysts recently weighed in on BK shares. Zacks Investment Research lowered shares of Bank of New York Mellon Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Keefe, Bruyette & Woods downgraded shares of Bank of New York Mellon Corp from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $54.00 to $48.00 in a research report on Friday, January 20th. JPMorgan Chase & Co. downgraded shares of Bank of New York Mellon Corp from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $47.50 to $49.00 in a research report on Friday, January 6th. Credit Suisse Group AG started coverage on shares of Bank of New York Mellon Corp in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Buckingham Research downgraded shares of Bank of New York Mellon Corp from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Monday, November 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.92.

In other Bank of New York Mellon Corp news, Vice Chairman Brian T. Shea sold 199,676 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $45.07, for a total value of $8,999,397.32. Following the completion of the sale, the insider now directly owns 348,486 shares in the company, valued at $15,706,264.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Bank of New York Mellon Corp Company Profile

The Bank of New York Mellon Corporation (BNY Mellon) is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

5 Day Chart for NYSE:BK

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