As Bank New York Mellon Corp (BK) Shares Declined, Shareholder Trillium Asset Management LLC Increased by $3.76 Million Its Stake

April 16, 2018 - By Vernon Prom

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 worsened. 253 increased positions while 99 funds acquired positions. Funds hold 824.52 million shares thus 0.99% less from 2017Q3’s 832.75 million shares. Lincoln Cap Ltd Limited Liability Company stated it has 87,914 shs. Everence Capital Inc reported 24,944 shs. Eagle Asset stated it has 0.02% in The Bank of New York Mellon Corporation (NYSE:BK). Bb&T Secs Ltd Liability Co stated it has 204,140 shs or 0.14% of all its holdings. Endurance Wealth invested in 0.01% or 1,085 shs. Glenmede Tru Com Na has 0.11% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 504,501 shs. Blackrock Incorporated reported 58.69 million shs. Moreover, X Co Limited Liability Com has 0.02% invested in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Richard C Young has 3.19% invested in The Bank of New York Mellon Corporation (NYSE:BK). Cohen Capital Mngmt holds 0.98% or 78,356 shs in its capital. 590,401 were reported by Korea Inv. Essex Finance Services Inc holds 14,268 shs. Bb&T reported 0.01% in The Bank of New York Mellon Corporation (NYSE:BK). Millennium Mgmt Limited Liability, a New York-based fund reported 1.97 million shs. Cibc Ww Markets owns 0.08% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 207,043 shs.

Trillium Asset Management Llc rose its stake by 30.4% in Bank New York Mellon Corp (BK), according to 2017Q4 Securities and Exchange filling. By buying 70,971 shares Trillium Asset Management Llc made the stock sank with 6.07%. At the end of 2017Q4, the institutional investor held 304,415 shares of the major banks company, valued at $16.40 million, up from 233,444 at the end of the previous reported quarter. $52.36B is the MC of Bank New York Mellon Corp. Its shares touched $51.97 on during the last trading session after 0.77% change.The Bank of New York Mellon Corporation has volume of 1.36M shares. Since April 16, 2017 BK has risen 9.66% and is uptrending. BK underperformed the S&P 500 by 1.89%.

A portfolio of $1.82B is managed by Trillium Asset Management Llc. As it’s reported in Securities and Exchange filling the stake in Borgwarner Inc (NYSE:BWA) is reduced by 88,121 shares to 260,378 shares. They are valued at $13.30M in 2017Q4. For a total of 119,931 shares it reduced its holding in Interface Inc (NASDAQ:TILE) by 177,116 shares in the quarter, and has cut its stake in Johnson Ctls Intl Plc.

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

Total analysts of 12 have positions in BNY Mellon (NYSE:BK) as follows: 5 rated it a “Buy”, 2 with “Sell” and 5 with “Hold”. The positive are 42%. Since October 20, 2017 according to StockzIntelligence Inc BNY Mellon has 23 analyst reports. On Friday, February 2 Morgan Stanley maintained The Bank of New York Mellon Corporation (NYSE:BK) rating. Morgan Stanley has “Overweight” rating and $65 target. On Tuesday, January 9 Jefferies maintained the shares of BK in report with “Hold” rating. On Thursday, January 18 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Monday, April 9 Sandler O’Neill maintained The Bank of New York Mellon Corporation (NYSE:BK) rating. Sandler O’Neill has “Hold” rating and $5400 target. The company rating was upgraded by Citigroup on Wednesday, January 10. The company rating was upgraded by Vining Sparks on Friday, April 6. The company rating was maintained by Morgan Stanley on Monday, March 12. On Thursday, January 18 the company was maintained by Sandler O’Neill. In Thursday, December 21 report Keefe Bruyette & Woods maintained it with “Hold” rating and $63.0 target. The stock rating was maintained by Deutsche Bank with “Buy” on Tuesday, March 6.

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

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