Exxonmobil Investment Management Inc Tx Lowers stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Exxonmobil Investment Management Inc Tx reduced its stake in Bank of New York Mellon Corp by 2.22% during the most recent quarter end. The investment management company now holds a total of 272,615 shares of Bank of New York Mellon Corp which is valued at $11,059,991 after selling 6,188 shares in Bank of New York Mellon Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Bank of New York Mellon Corp makes up approximately 0.23% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in BK during the most recent quarter. The investment firm sold 22,063 shares of BK which is valued $895,096.Summit Financial Wealth Advisors reduced its stake in BK by selling 27,651 shares or 25.54% in the most recent quarter. The Hedge Fund company now holds 80,613 shares of BK which is valued at $3,291,429. Bank of New York Mellon Corp makes up approx 1.44% of Summit Financial Wealth Advisors’s portfolio.North Star Asset Management Inc reduced its stake in BK by selling 450 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 9,824 shares of BK which is valued at $401,114. Bank of New York Mellon Corp makes up approx 0.05% of North Star Asset Management Inc’s portfolio.Independent Portfolio Consultants reduced its stake in BK by selling 20 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 240 shares of BK which is valued at $9,799.Eqis Capital Management reduced its stake in BK by selling 1,557 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 31,863 shares of BK which is valued at $1,300,966. Bank of New York Mellon Corp makes up approx 0.08% of Eqis Capital Management’s portfolio.

Bank of New York Mellon Corp closed down -0.16 points or -0.39% at $40.57 with 40,48,402 shares getting traded on Friday. Post opening the session at $40.8, the shares hit an intraday low of $40.345 and an intraday high of $40.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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