Quantbot Technologies LP Reduces Stake in The Bank of New York Mellon Co.

Quantbot Technologies LP, a significant institutional investor, has downscaled its investment in The Bank of New York Mellon Corporation (NYSE:BK). In the third quarter, the firm sold 14,674 shares, which resulted in a 29.4% reduction in holdings, as reported in the latest filing with the Securities and Exchange Commission (SEC). Post transaction, Quantbot Technologies retained 35,222 shares, with the value totaling approximately $1.50 million.

Other Investors' Moves

Alongside Quantbot's adjustment, other investors have also modified their stakes in BK. Kistler Tiffany Companies LLC grew its position by 4.9%, while King Luther Capital Management Corp incremented its holdings by 0.6%. Similarly, Pinkerton Retirement Specialists LLC, Laurel Wealth Advisors Inc., and McIlrath & Eck LLC expanded their investments in the bank's shares during the second quarter. Overall, institutional investors hold 81.29% of BK's outstanding stock.

Bank of New York Mellon's Stock Performance

The Bank of New York Mellon Co.'s shares saw slight growth, opening at $55.63 recently. The company's valuation has seen highs and lows over the past year, marked by a low of $39.65 and a peak of $56.42. Currently, The Bank of New York Mellon Co. boasts a solid market capitalization of $42.78 billion, a favorable PE ratio of 14.01, and maintains a decent dividend yield for its investors.

Dividend and Earnings Report

BK has declared a $0.42 per share quarterly dividend, which reflects a 3.02% yield on an annualized basis. The company's most recent earnings report showed a quarterly EPS of $1.28, surpassing expectations and indicating a solid revenue growth rate as well as a commendable net margin and return on equity figures. Analysts project the EPS for the current fiscal year to be $5.16.

Insider Transactions and Analyst Ratings

VP Hanneke Smits recently sold 15,425 shares of BK, following which she continues to own a significant amount of company stock. A variety of equity research analysts have given their ratings on BK, with opinions ranging from 'hold' to 'buy'. The consensus target price is around $53.75.

Company Overview

The Bank of New York Mellon Corporation is an international provider of various financial services, including securities services, market and wealth services, and investment and wealth management. It serves a diverse clientele and is known for its exchange-traded funds, middle-office solutions, and securities lending services, among other offerings.

Quantbot, Reduction, Securities