As Bank Of New York Mellon Corp/The (BK) Shares Declined, Cortland Advisers LLC Decreased Stake

May 3, 2018 - By Matthew Medley

The Bank of New York Mellon Corporation (NYSE:BK) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.99. That’s change of 0.02, from 2017Q3’s 1.01. 39 investors sold all, 318 reduced holdings as BK ratio fall. 253 grew stakes while 99 funds acquired stakes. Funds hold 824.52 million shares thus 0.99% less from 2017Q3’s 832.75 million shares. Gotham Asset Mgmt Llc reported 18,236 shs. Axa accumulated 0.19% or 886,650 shs. Balyasny Asset Mgmt Lc reported 434,558 shs. Oakwood Cap Limited Com Ca, California-based fund reported 80,077 shs. First Advsrs Ltd Partnership has 0.06% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 446,206 shs. Rothschild Asset Management owns 0.01% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 11,116 shs. Royal Comml Bank Of Canada invested 0.03% in The Bank of New York Mellon Corporation (NYSE:BK). Hanson And Doremus Invest Mngmt invested in 0.03% or 1,602 shs. Hanson Mcclain reported 552 shs stake. Fiduciary Mgmt Inc Wi accumulated 8.04M shs. Usca Ria Llc has 0.06% invested in The Bank of New York Mellon Corporation (NYSE:BK). Segall Bryant & Hamill Ltd Liability holds 0.13% of its capital in The Bank of New York Mellon Corporation (NYSE:BK) for 111,250 shs. St James Limited Liability Corp accumulated 1.09M shs or 6.77% of the stock. Rodgers Brothers invested in 0.14% or 8,145 shs. Commercial Bank Of Nova Scotia holds 0.11% of its capital in The Bank of New York Mellon Corporation (NYSE:BK) for 435,385 shs.

Cortland Advisers Llc’s stake in Bank Of New York Mellon Corp/The (BK) is decreased by 7.41% based on its latest 2017Q4 regulatory filing with the SEC. The company’s stock sank 6.07% while Cortland Advisers Llc sold 234,655 shares. The major banks company reported $157.90M value for the 2017Q4. Now the institutional investor is holding 2.93M shares, compared to the 3.17 million from the previous quarter. $54.57B is Bank Of New York Mellon Corp/The’s market cap. The stock decreased 0.37% or $0.2 during the last trading session, reaching $53.99.Currently The Bank of New York Mellon Corporation is uptrending after 9.66% change in last May 3, 2017. BK has also 4.48M shares volume. The stock underperformed the S&P 500 by 1.89%.

For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

The Bank of New York Mellon Corporation (NYSE:BK) Ratings Coverage

In total 13 analysts cover BNY Mellon (NYSE:BK). “Buy” rating has 5, “Sell” are 2, while 6 are “Hold”. (NYSE:BK) has 38% bullish analysts. With $68 highest and $5400 lowest target, BNY Mellon has $59.54 average target or 10.28% above the current ($53.99) price. 24 are the (NYSE:BK)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. On Thursday, April 19 the firm has “Hold” rating given by Keefe Bruyette & Woods. On Friday, April 6 the stock has “Buy” rating by Vining Sparks. On Tuesday, December 12 the firm earned “Hold” rating by Keefe Bruyette & Woods. On Friday, January 19 the firm has “Sell” rating given by J.P. Morgan. On Thursday, January 18 the stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given by Keefe Bruyette & Woods. On Wednesday, January 10 Citigroup upgraded the shares of BK in report to “Buy” rating. On Tuesday, March 6 the stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank. On Monday, April 9 the stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given by Sandler O’Neill. On Monday, March 12 the rating was downgraded by Goldman Sachs to “Hold”. On Friday, April 20 Credit Suisse maintained The Bank of New York Mellon Corporation (NYSE:BK) rating. Credit Suisse has “Neutral” rating and $58 target.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Investors Chart

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