Gabelli Funds LLC Has Cut Bank Of New York Mellon Corp (BK) Position by $7.00 Million; Stock Price Declined


Gabelli Securities Inc decreased its stake in Bank Of New York Mellon Corp (BK) by 44.44% based on its latest 2017Q4 regulatory filing with the SEC. BNP Paribas Arbitrage SA now owns 6,402 shares of the utilities provider's stock valued at $220,000 after purchasing an additional 2,763 shares during the period. Municipal Employees Retirement System of MI now owns 4,440 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 1,660 shares in the last quarter.

TRADEMARK VIOLATION WARNING: "Brokerages Set Bank of New York Mellon Corp (BK) Target Price at $56.26" was first posted by and is the property of of It has underperformed by 1.89% the S&P500.

Calamos Wealth Management Llc increased its stake in Bank Of Amer Cp (BAC) by 8.59% based on its latest 2017Q4 regulatory filing with the SEC. Beese Fulmer Investment Management Inc bought 4,311 shares as the company's stock declined 1.51% with the market. The institutional investor held 31,664 shares of the technology company at the end of 2017Q4, valued at $2.25M, down from 38,542 at the end of the previous reported quarter. Beese Fulmer Investment Management Inc who had been investing in Texas Instrs Inc Com for a number of months, seems to be bullish on the $102.14B market cap company. The stock increased 2.04% or $0.6 during the last trading session, reaching $29.99. Ubiquiti Networks, Inc. (NASDAQ:UBNT) has risen 36.38% since March 30, 2017 and is uptrending. It has outperformed by 15.81% the S&P500. BK's profit will be $967.25M for 13.42 P/E if the $0.96 EPS becomes a reality. The bank reported $0.91 EPS for the quarter, hitting analysts' consensus estimates of $0.91. It also increased its holding in Vanguard Specialized Fun (VIG) by 5,971 shares in the quarter, for a total of 55,379 shares, and has risen its stake in Ishares Tr (IWF).

Investors sentiment decreased to 0.99 in 2017 Q4. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.25. Andra Ap invested in 107,400 shares. 28 funds opened positions while 26 raised stakes. (NASDAQ:UBNT). Parallax Volatility Advisers LP holds 0% or 4,505 shares. Ontario Teachers Pension Plan Board owns 196,802 shares. Anchor Capital Advsr Ltd Company holds 0.89% or 353,780 shares. Regal Inv Advisors holds 0.43% or 35,993 shares in its portfolio. Municipal Employees Retirement System of MI boosted its stake in shares of Saul Centers by 59.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 257,686 shares of the bank's stock worth $13,878,000 after acquiring an additional 74,123 shares in the last quarter. Financial Management Pro Inc owns 2,854 shares or 0.04% of their U.S. portfolio. Morgan Stanley, a New York-based fund reported 284,952 shares. Quinn Opportunity Prtnrs Ltd Limited Liability Company holds 0.36% or 41,000 shares. California Pub Employees Retirement Sys invested in 87,901 shares. Harding Loevner Ltd Partnership has 390 shares for 0% of their portfolio. The Oklahoma-based Bridgecreek Lc has invested 0.07% in Bank of America Corporation (NYSE:BAC).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 11% are positive. Bank of America had 108 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, July 3 the stock rating was maintained by Stifel Nicolaus with "Hold". The rating was downgraded by Bernstein on Thursday, January 14 to "Mkt Perform". CARP DANIEL A had sold 22,158 shares worth $2.13 million on Friday, October 27. The firm has "Outperform" rating given on Friday, September 23 by CLSA. The rating was maintained by Jefferies with "Hold" on Tuesday, January 9. The company was maintained on Friday, February 9 by BMO Capital Markets. The firm has "Hold" rating given on Thursday, July 20 by RBC Capital Markets. As per Monday, July 10, the company rating was maintained by Jefferies. Deutsche Bank has "Buy" rating and $47 target. Royal Bank of Canada reissued a "hold" rating and issued a $58.00 price objective on shares of Bank of New York Mellon in a research report on Wednesday, November 15th. After $0.91 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts 5.49 % EPS growth.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on April, 19.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Rafferty maintained the shares of BK in report on Wednesday, April 26 with "Buy" rating. The rating was maintained by Morgan Stanley with "Overweight" on Monday, March 12. On Friday, January 6 the stock rating was downgraded by JP Morgan to "Neutral". The institutional investor held 3.09 million shares of the major banks company at the end of 2017Q4, valued at $166.56 million, down from 3.22M at the end of the previous reported quarter.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.02, from 1.01 in 2017Q3. It turned negative, as 39 investors sold BK shares while 318 reduced holdings. Crossmark Global Holdings Inc. purchased a new stake in shares of Saul Centers in the 3rd quarter valued at $209,000.

Shares of Bank of New York Mellon Corp (NYSE:BK) have earned an average recommendation of "Hold" from the twenty analysts that are now covering the firm, Marketbeat reports. Westpac has 0.52% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 423,150 shares.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Thursday, January 18th. Sabal Trust accumulated 0.06% or 10,305 shares. Moreover, Covington Cap has 0.15% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 45,613 shares. Sanders Capital Ltd Liability Co invested in 4.95% or 30.42 million shares. Parkside State Bank has 1,685 shares. Edgar Lomax Va holds 1.69% or 837,012 shares in its portfolio. Commerzbank Aktiengesellschaft Fi stated it has 17,355 shares or 0.01% of all its holdings. Nordea reported 1.60M shares.



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