Bank of New York Mellon Corp (BK) : United American Securities (dba Uas Asset Management) has sold out all of its stake in Bank of New York Mellon Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 260,225 shares of Bank of New York Mellon Corp which is valued at $10,338,739.
Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in BK in the latest quarter, The investment management firm added 13,380 additional shares and now holds a total of 59,800 shares of Bank of New York Mellon Corp which is valued at $2,375,854. Bank of New York Mellon Corp makes up approx 0.12% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Woodmont Investment Counsel sold out all of its stake in BK during the most recent quarter. The investment firm sold 195 shares of BK which is valued $7,747.Sentry Investment Management reduced its stake in BK by selling 2,625 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 82,956 shares of BK which is valued at $3,295,842. Bank of New York Mellon Corp makes up approx 0.14% of Sentry Investment Management’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 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.