Davis Selected Advisers Decreased Bank Of New York Mellon Corp. (BK) Stake by $20.01 Million as Shares Declined

June 29, 2018 - By Norman Soto

The Bank of New York Mellon Corporation (NYSE:BK) Corporate LogoDuring Q1 2018 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 is negative. 260 increased holdings while 81 funds acquired holdings. Funds hold 812.17 million shares thus 1.50% less from 2017Q4’s 824.52 million shares. Next Fincl Group has invested 0.44% in The Bank of New York Mellon Corporation (NYSE:BK). Mitsubishi Ufj Co Limited stated it has 0.08% of its capital in The Bank of New York Mellon Corporation (NYSE:BK). Summit Fin Wealth Limited owns 41,361 shs. Advisory Ltd Liability has invested 0.08% in The Bank of New York Mellon Corporation (NYSE:BK). 47,602 are held by Bokf Na. South Dakota Investment Council has invested 0.74% in The Bank of New York Mellon Corporation (NYSE:BK). Boston Family Office Llc owns 0.08% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 13,750 shs. Twin Focus Capital Partners Ltd Liability, a Massachusetts-based fund reported 13,238 shs. 460,410 are owned by Mariner Wealth. Salient Lta holds 17,530 shs or 0.11% of its capital. Chesley Taft Assoc Llc holds 0.02% or 4,798 shs in its capital. Leisure Capital Mgmt has invested 0.23% of its capital in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Chevy Chase Trust Holdg Inc has 0.2% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 870,473 shs. Asset One Ltd stated it has 0.19% in The Bank of New York Mellon Corporation (NYSE:BK). Ronna Sue Cohen has 1% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 26,090 shs.

Davis Selected Advisers reduced its stake by 2.01% in Bank Of New York Mellon Corp. (BK), according to 2018Q1 SEC form. 392,299 shares were sold by Davis Selected Advisers as the company’s stock declined 2.03% with the market. At the end of 2018Q1, the 19.14M shares of the major banks company held by the institutional investor were priced at $986.47 million, down from 19.54M at the end of the previous reported quarter. Bank Of New York Mellon Corp. has $55.21B market cap. BK hit $54.63 during the last trading session after $0.33 change.Currently The Bank of New York Mellon Corporation is uptrending after 20.30% change in last June 29, 2017. BK has 2.40 million shares volume. BK outperformed the S&P500 by 7.73%.

According to a filing the Davis Selected Advisers’s stake in Forest City Realty Trust Inc. Class A was increased by 205,400 shares to 732,836 shares valued at $14.85M in 2018Q1. It manages about $48.17 billion and $23.12B US Long portfolio. Davis Selected Advisers has risen its stake in Alibaba Group Holding Ltd. Adr (NYSE:BABA) and also increased its holding in New Oriental Education & Technology Adr (NYSE:EDU) by 3.68M shares in the quarter, for a total of 4.75 million shares.

Earnings report for The Bank of New York Mellon Corporation (NYSE:BK) is awaited on July, 19., according to Zacks. Analysts forecast $1.04 EPS. That’s $0.12 up or 13.04 % from 2017’s earnings of $0.92. If EPS of $1.04 is announced the profit of BK could reach $1.05B giving it 13.13 P/E. Last quarter $1.10 EPS was reported. Analysts predicts -5.45 % negative EPS growth this quarter.

For more The Bank of New York Mellon Corporation (NYSE:BK) news released briefly go to: Seekingalpha.com, Prnewswire.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “BNY Mellon, Citizens Financial, Northern Trust, M&T Bank release capital return plans” released on June 28, 2018, “BNY Mellon Announces Intention to Increase Quarterly Common Stock Dividend by 17 Percent to $0.28 per Share and …” on June 28, 2018, “Voya introduces lending program to retail wealth management clients” with a publish date: June 26, 2018, “Bank stocks likely to be more volatile on stress test results: Morgan Stanley” and the last “Federal Reserve objects to Deutsche Bank USA’s capital return plan” with publication date: June 28, 2018.

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

Total analysts of 12 have positions in BNY Mellon (NYSE:BK) as follows: 5 rated it a “Buy”, 2 with “Sell” and 5 with “Hold”. The positive are 42%. Since January 8, 2018 according to StockzIntelligence Inc BNY Mellon has 21 analyst reports. On Thursday, March 8 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Tuesday, March 6 the rating was maintained by Deutsche Bank with “Buy”. On Friday, January 19 the firm has “Sell” rating given by J.P. Morgan. On Thursday, April 5 Jefferies maintained the shares of BK in report with “Hold” rating. On Friday, February 2 the firm has “Overweight” rating by Morgan Stanley given. On Friday, April 6 the firm has “Buy” rating by Deutsche Bank given. On Tuesday, January 9 the stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given by Jefferies. On Thursday, January 18 the company was maintained by Sandler O’Neill. On Monday, March 12 the stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Overweight” rating by Morgan Stanley. The company rating was maintained by Credit Suisse on Friday, April 20.

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

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