Bank Of New York Mellon (NYSE:BK) Upgraded to "Buy" at ValuEngine

Lloyd Doyle
December 25, 2017

About 77,097 shares traded. The institutional investor held 9.05 million shares of the major banks company at the end of 2017Q3, valued at $479.67M, up from 8.92M at the end of the previous reported quarter. Bank Of New York Mellon Corp/T now has $55.30B valuation. The stock decreased 0.66% or $0.36 during the last trading session, reaching $54.

In other Bank of New York Mellon Corp news, Vice Chairman Thomas P. Gibbons sold 102,174 shares of the firm's stock in a transaction on Monday, April 24th. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since December 24, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Group One Trading Lp decreased its stake in Bank New York Mellon Corp (BK) by 61.03% based on its latest 2017Q3 regulatory filing with the SEC. Keybank National Association sold 16,446 shares as the company's stock declined 1.27% while stock markets rallied. The Salzhauer Michael holds 2,005 shares with $106,000 value, down from 40,800 last quarter. Sheets Smith Wealth Management who had been investing in American Vanguard Corp for a number of months, seems to be bullish on the $583.97M market cap company. The stock decreased 0.67% or $0.94 during the last trading session, reaching $140.12. Alpha One also assigned media coverage about the bank an impact score of 97 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. It has underperformed by 4.16% the S&P500. Its the same as in 2017Q2. Paw Cap reported 5,500 shares or 0.75% of all its holdings. Montag A & Associates Incorporated, a Georgia-based fund reported 90,388 shares. Rnc Cap Management Ltd Com reported 2.22% in Johnson & Johnson (NYSE:JNJ). Nelson Van Denburg Campbell Wealth Management Group Inc Ltd Liability has 175 shares. Jarislowsky Fraser Limited holds 799,408 shares or 0.25% of its portfolio. First Interstate Bancorporation has 2,534 shares. Commonwealth Equity Inc accumulated 166,811 shares. Capital Ca has invested 0.41% of its portfolio in Johnson & Johnson (NYSE:JNJ). Natl Pension reported 891,589 shares. Stewart And Patten Ltd reported 2.46% stake. Moreover, Cincinnati Indemnity has 12.7% invested in Johnson & Johnson (NYSE:JNJ) for 25,000 shares. Bluemar Management Limited Liability Corporation holds 90,112 shares or 2.39% of its portfolio. Therefore 62% are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has "Hold" rating by RBC Capital Markets on Thursday, November 9. The firm has "Overweight" rating by Barclays Capital given on Friday, January 22. UBS maintained Union Pacific Corporation (NYSE:UNP) on Tuesday, March 8 with "Buy" rating. On Wednesday, August 5 the stock rating was downgraded by Zacks to "Hold". The firm has "Buy" rating by Roth Capital given on Wednesday, August 23. Jefferies maintained the stock with "Hold" rating in Monday, June 19 report. The company has a market capitalization of $55,790.00, a P/E ratio of 15.88, a PEG ratio of 1.98 and a beta of 1.22.


Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.12, from 0.89 in 2017Q2. It is positive, as 34 investors sold BK shares while 306 reduced holdings.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. The bank reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.01. The shares were sold at an average price of $53.13, for a total value of $54,785,371.41. Amundi Pioneer Asset Mgmt stated it has 1.14 million shares or 0.19% of all its holdings. Boston Family Office Limited Liability Company holds 0.08% in The Bank of New York Mellon Corporation (NYSE:BK) or 13,850 shares. Pinebridge Investments Limited Partnership has invested 0.69% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Magnetar Ltd Liability Corp invested in 0.01% or 6,852 shares. Vaughan David Investments Il reported 397,873 shares. Ltd. increased its holdings in Bank Of New York Mellon by 14.4% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 7,744 shares of the bank's stock worth $395,000 after acquiring an additional 377 shares during the last quarter. Addison Com has invested 1.04% in The Bank of New York Mellon Corporation (NYSE:BK). First Bank & Trust now owns 4,800 shares of the bank's stock valued at $245,000 after buying an additional 52 shares during the period. D E Shaw & Inc invested in 0% or 18,650 shares. Oppenheimer Asset Mgmt invested in 0.03% or 25,026 shares. Keefe Bruyette & Woods maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, July 20 with "Hold" rating. Therefore 41% are positive. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has "Neutral" rating given on Monday, April 24 by Credit Suisse.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on January, 18. The firm earned "Hold" rating on Thursday, October 19 by Jefferies. The stock has "Buy" rating by Deutsche Bank on Friday, August 5. The firm has "Buy" rating by Deutsche Bank given on Friday, May 27. Deutsche Bank maintained it with "Buy" rating and $44 target in Tuesday, January 26 report. Berkshire Hathaway Inc. boosted its position in shares of Bank Of New York Mellon by 52.2% during the second quarter. The rating was maintained by Piper Jaffray with "Hold" on Friday, October 6. They expect $0.91 earnings per share, up 18.18% or $0.14 from last year's $0.77 per share. HD's profit will be $1.89 billion for 29.03 P/E if the $1.62 EPS becomes a reality. After $0.98 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

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