The Bank of New York Mellon Corporation (NYSE:BK) is at least 3.1% than its current record low price of $42.13. There was a 0.81% gain on 6/25/2019 that led the price to move at $43.43. At a recent session, the prices were hovering between $42.66 and $43.53. This company shares are 15.06% off its target price of $49.97 and the current market capitalization stands at $41.8B. The recent change has given its price a -6.59% deficit over SMA 50 and -23.46% deficit over its 52-week high. The stock witnessed -3.83% declines, -14.58% declines and -2.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BK’s volatility during a week at 2.35% and during a month it has been found around 2.04%.

What Does The Bank of New York Mellon Corporation (BK) Do?

The company describes itself in regulatory filings as, “The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Management, Investment Services, and Other. The Investment Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Other segment consists of leasing portfolio, corporate treasury, derivatives, and insurance services. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/BK/profile under company description.]

The Bank of New York Mellon Corporation (BK) Top Holders

Institutional investors currently hold around $35.14 billion or 88.5% in BK stock. Look at its top three institutional owners: Berkshire Hathaway Inc owns $3.49 billion in The Bank of New York Mellon Corporation, which represents roughly 8.34% of the company’s market cap and approximately 9.92% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 64,914,384 shares of the stock are valued at $2.8 billion. The third largest holder is Blackrock Inc., which currently holds $2.27 billion worth of this stock and that ownership represents nearly 5.44% of its market capitalization.

The Bank of New York Mellon Corporation 13F Filings

At the end of March reporting period, 406 institutional holders increased their position in The Bank of New York Mellon Corporation (NYSE:BK) by some 23,083,467 shares, 517 decreased positions by 45,358,855 and 214 held positions by 747,138,471. That puts total institutional holdings at 815,580,793 shares, according to SEC filings. The stock grabbed 106 new institutional investments totaling 2,152,786 shares while 63 institutional investors sold out their entire positions totaling 2,595,788 shares.

The Bank of New York Mellon Corporation (NYSE:BK) Insider Trades

Multiple company employees have indulged in significant insider trading. The Bank of New York Mellon Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director TRIAN FUND MANAGEMENT, L.P. has sold 621,807 shares of The Bank of New York Mellon Corporation (BK) in the trading session dated May. 03, 2019. These shares are worth $31,158,749 and were traded at $50.11 each. The SEC filing shows that McCarthy J Kevin performed a sale of 25,000 shares. The SEVP & General Counsel disposed these shares by way of transaction on Apr. 30, 2019. The company’s shares were given away at $49.43 per share worth to an income of some $1,235,750 to the account of McCarthy J Kevin.

Director, TRIAN FUND MANAGEMENT, L.P., sold 792,000 common shares of The Bank of New York Mellon Corporation (BK) in the open market. In a transaction dated Mar. 13, 2019, the shares were put up for sale at an average price of $52.1, raking in a sum of $41,263,200. After this sale, 13,228,272 common shares of BK are directly owned by the insider, with total stake valued at $574,503,853.

In the transaction dated Mar. 01, 2019, a great number of shares sold came courtesy the Controller; Kurimsky Kurtis R. disposed a total of 5,797 shares at an average price of $53, amounting to approximately $307,241. The insider now directly owns 18,483 shares worth $802,717.

The Bank of New York Mellon Corporation (BK) Analyst Guide

Several analysts have released their opinion on The Bank of New York Mellon Corporation (NYSE:BK), with 0 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 3 buy, 3 sell and 1 strong sell ratings, collectively assigning a 3.1 average brokerage recommendation [T1].