Gibraltar Capital Management buys $4,133,592 stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Gibraltar Capital Management scooped up 1,168 additional shares in Bank of New York Mellon Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 105,395 shares of Bank of New York Mellon Corp which is valued at $4,133,592.Bank of New York Mellon Corp makes up approximately 4.81% of Gibraltar Capital Management’s portfolio.

Other Hedge Funds, Including , Ngam Advisors reduced its stake in BK by selling 4,429 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 78,122 shares of BK which is valued at $3,063,945. Bank of New York Mellon Corp makes up approx 0.04% of Ngam Advisors’s portfolio.Winslow Evans Crocker boosted its stake in BK in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 7,878 shares of Bank of New York Mellon Corp which is valued at $308,739. Bank of New York Mellon Corp makes up approx 0.09% of Winslow Evans Crocker’s portfolio.Pineno Levin Ford Asset Management reduced its stake in BK by selling 100 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 98,658 shares of BK which is valued at $3,866,407. Bank of New York Mellon Corp makes up approx 1.94% of Pineno Levin Ford Asset Management’s portfolio.Capstone Asset Management Co boosted its stake in BK in the latest quarter, The investment management firm added 368 additional shares and now holds a total of 97,525 shares of Bank of New York Mellon Corp which is valued at $3,843,460. Bank of New York Mellon Corp makes up approx 0.11% of Capstone Asset Management Co’s portfolio. Edge Wealth Management added BK to its portfolio by purchasing 1,271 company shares during the most recent quarter which is valued at $48,921. Bank of New York Mellon Corp makes up approx 0.02% of Edge Wealth Management’s portfolio.

Bank of New York Mellon Corp closed down -0.28 points or -0.71% at $38.94 with 55,17,109 shares getting traded on Thursday. Post opening the session at $39.14, the shares hit an intraday low of $38.825 and an intraday high of $39.28 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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