Sather Financial Group Inc buys $4,642,689 stake in Bank of New York Mellon Corp (BK)

Bank of New York Mellon Corp (BK) : Sather Financial Group Inc scooped up 5,205 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 15, 2016. The investment management firm now holds a total of 116,856 shares of Bank of New York Mellon Corp which is valued at $4,642,689.Bank of New York Mellon Corp makes up approximately 1.76% of Sather Financial Group Inc’s portfolio.

Other Hedge Funds, Including , Legg Mason Asset Management (japan) Ltd. added BK to its portfolio by purchasing 26,400 company shares during the most recent quarter which is valued at $1,048,872. Bank of New York Mellon Corp makes up approx 1.07% of Legg Mason Asset Management (japan) Ltd.’s portfolio.Clinton Group Inc reduced its stake in BK by selling 83,593 shares or 93.33% in the most recent quarter. The Hedge Fund company now holds 5,973 shares of BK which is valued at $237,307. Bank of New York Mellon Corp makes up approx 0.01% of Clinton Group Inc’s portfolio. Catalyst Capital Advisors added BK to its portfolio by purchasing 68,700 company shares during the most recent quarter which is valued at $2,729,451. Bank of New York Mellon Corp makes up approx 0.49% of Catalyst Capital Advisors’s portfolio.Hm Payson Co reduced its stake in BK by selling 420 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 17,904 shares of BK which is valued at $716,876. Bank of New York Mellon Corp makes up approx 0.03% of Hm Payson Co’s portfolio.Dowling Yahnke boosted its stake in BK in the latest quarter, The investment management firm added 2,485 additional shares and now holds a total of 70,999 shares of Bank of New York Mellon Corp which is valued at $2,782,451. Bank of New York Mellon Corp makes up approx 0.32% of Dowling Yahnke’s portfolio.

Bank of New York Mellon Corp closed down -0.2 points or -0.48% at $41.47 with 33,57,138 shares getting traded on Thursday. Post opening the session at $41.8, the shares hit an intraday low of $41.09 and an intraday high of $42.02 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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