Bank of New York Mellon Corp (BK) : Strategic Global Advisors added new position in Bank of New York Mellon Corp during the most recent quarter end. The investment management firm now holds 10,818 shares of Bank of New York Mellon Corp which is valued at $429,799 , the company said in a statement filed on Aug 11, 2016 with the SEC.Bank of New York Mellon Corp makes up approximately 0.16% of Strategic Global Advisors’s portfolio.
Other Hedge Funds, Including , Cleararc Capital Inc reduced its stake in BK by selling 76 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 26,157 shares of BK which is valued at $1,039,218. Bank of New York Mellon Corp makes up approx 0.19% of Cleararc Capital Inc’s portfolio.Peak6 Investments reduced its stake in BK by selling 4,398 shares or 63.69% in the most recent quarter. The Hedge Fund company now holds 2,507 shares of BK which is valued at $99,603. Bank of New York Mellon Corp makes up approx 0.01% of Peak6 Investments’s portfolio.Point View Wealth Management reduced its stake in BK by selling 48 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 25,641 shares of BK which is valued at $1,038,461. Bank of New York Mellon Corp makes up approx 0.61% of Point View Wealth Management’s portfolio. Rmb Capital Management added BK to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $1,373.
Bank of New York Mellon Corp opened for trading at $40.4 and hit $40.52 on the upside on Tuesday, eventually ending the session at $40.25, with a gain of 0.17% or 0.07 points. The heightened volatility saw the trading volume jump to 21,33,671 shares. Company has a market cap of $42,974 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 Mellons 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.