Lincoln Capital Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Lincoln Capital reduced its stake in Bank of New York Mellon Corp by 0.06% during the most recent quarter end. The investment management company now holds a total of 88,011 shares of Bank of New York Mellon Corp which is valued at $3,451,791 after selling 57 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Bank of New York Mellon Corp makes up approximately 2.55% of Lincoln Capital’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in BK during the most recent quarter. The investment firm sold 155,793 shares of BK which is valued $6,110,201.Dumont Blake Investment Advisors reduced its stake in BK by selling 600 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 27,502 shares of BK which is valued at $1,078,628. Bank of New York Mellon Corp makes up approx 0.53% of Dumont Blake Investment Advisors’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in BK in the latest quarter, The investment management firm added 40,700 additional shares and now holds a total of 240,865 shares of Bank of New York Mellon Corp which is valued at $9,492,490. Bank of New York Mellon Corp makes up approx 0.09% of Nn Investment Partners Holdings N.v.’s portfolio.Curian Capital reduced its stake in BK by selling 45,714 shares or 67.74% in the most recent quarter. The Hedge Fund company now holds 21,774 shares of BK which is valued at $838,081. Bank of New York Mellon Corp makes up approx 0.06% of Curian Capital’s portfolio.

Bank of New York Mellon Corp opened for trading at $40.5 and hit $40.835 on the upside on Monday, eventually ending the session at $40.59, with a gain of 0.22% or 0.09 points. The heightened volatility saw the trading volume jump to 30,28,074 shares. Company has a market cap of $43,719 M.

On the company’s financial health, Bank of New York Mellon Corp reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.75. The company had revenue of $3776.00 million for the quarter, compared to analysts expectations of $3795.74 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses Investment Management and Investment Services it serves institutions corporations and high net worth individuals. For institutions and corporations it provides investment management trust and custody foreign exchange fund administration global collateral services securities lending depositary receipts corporate trust global payment/cash management banking services and clearing services. For individuals it provides mutual funds separate accounts wealth management and private banking services. BNY Mellon’s investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31 2014.

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