As Bank Of New York Mellon Corp (BK) Shares Declined, Gamco Investors INC Et Al Decreased Stake by $20.48 Million

April 17, 2018 - By Joseph Norton

The Bank of New York Mellon Corporation (NYSE:BK) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.99. That’s change of 0.02, from 2017Q3’s 1.01. 39 investors sold all, 318 reduced holdings as BK ratio is negative. 253 rose positions while 99 funds took positions. Funds hold 824.52 million shares thus 0.99% less from 2017Q3’s 832.75 million shares. Da Davidson And owns 37,715 shs. Moors And Cabot reported 0.29% in The Bank of New York Mellon Corporation (NYSE:BK). Murphy Mgmt invested in 0.03% or 4,464 shs. Greystone Llc accumulated 212,580 shs. Quantitative Invest Mngmt Ltd Llc has 173,300 shs. Eagle Asset Management owns 66,395 shs for 0.02% of their capital. Webster Bancorp N A holds 0.03% or 3,458 shs. New Mexico Educational Retirement Board reported 0.2% in The Bank of New York Mellon Corporation (NYSE:BK). Synovus has 0.02% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 17,237 shs. Commercial Bank Of Nova Scotia invested in 435,385 shs or 0.11% of the stock. Front Barnett Associate Limited Liability Corporation holds 0.07% or 7,570 shs in its capital. Richard C Young & invested in 314,510 shs. Natl Asset Mgmt holds 0.09% or 11,885 shs in its capital. Nomura Asset Com Limited, Japan-based fund reported 182,245 shs. Northwest Inv Counselors Ltd invested in 35,921 shs.

Mario Gabelli decreased its stake by 7.14% in Bank Of New York Mellon Corp (BK), according to 2017Q4 SEC filling. By selling 386,466 shares Gamco Investors Inc Et Al made the stock sank with 6.07%. At the end of 2017Q4, the hedge fund run by Mario Gabelli held 5.02 million shares of the major banks company, valued at $270.59 million, down from 5.41 million at the end of the previous reported quarter. Bank Of New York Mellon Corp has $52.38B market cap. The stock increased 0.81% or $0.42 during the last trading session, reaching $51.99.Currently The Bank of New York Mellon Corporation is uptrending after 9.66% change in last April 17, 2017. BK has 3.32 million shares volume. BK underperformed the S&P500 by 1.89%.

The Gamco Investors Inc Et Al’s stake in Hewlett Packard Enterprise Cco was rose by 1.28 million shares to 3.62 million shares valued at $52.02 million in 2017Q4, according to the filing. It manages about $15.96B US Long portfolio. For a total of 764,508 shares it increased its holding in Exactech Inc Com (NASDAQ:EXAC) by 151,991 shares in the quarter, and has risen its stake in Timkensteel Corp Com (NYSE:TMST).

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on April, 19. They expect $0.96 EPS, up 20.00 % or $0.16 from last year’s $0.8 per share. BK’s profit will be $967.26M for 13.54 P/E if the $0.96 EPS becomes a reality. After $0.91 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts 5.49 % EPS growth.

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. With $66 highest and $5400 lowest [Target] BNY Mellon has $59.05 average [Target] or 13.58% above the current ($51.99) price. 23 are the (NYSE:BK)’s analyst reports since October 20, 2017 according to StockzIntelligence Inc. On Friday, February 2 the rating was maintained by Morgan Stanley with “Overweight”. On Friday, January 19 the stock has “Underweight” rating by JP Morgan. On Tuesday, March 6 Deutsche Bank maintained the shares of BK in report with “Buy” rating. On Friday, April 6 the rating was maintained by Deutsche Bank with “Buy”. On Thursday, January 18 the stock has “Hold” rating by Sandler O’Neill. In Thursday, December 21 report Keefe Bruyette & Woods maintained it with “Hold” rating and $63.0 target. In Friday, April 6 report Vining Sparks upgraded it to “Buy” rating and $6000 target. On Tuesday, December 12 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Monday, March 12 Morgan Stanley maintained The Bank of New York Mellon Corporation (NYSE:BK) with “Overweight” rating. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, March 8.

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

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