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

Share
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 registrarjournal.com and is the property of of registrarjournal.com. 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.

Share

Advertisement

Related Posts

You could get paid to binge-watch Netflix TV shows and movies
Are you interested in sharing unique content with viewers around the world? Ishares Edge Msci Min Vol Emer (EEMV) was raised too. In related news, insider Jonathan Friedland sold 2,743 shares of the firm's stock in a transaction dated Wednesday, January 3rd.

"Holy grail of shipwrecks": Centuries-old sailing ship found on Florida beach
A well-preserved shipwreck that dates back to over 200 years ago washed ashore on a Florida beach on Tuesday night. Earlier this week, an 18th Century ship happened to wash up on Ponte Verde Beach.

The Texas Instruments Incorporated (TXN) Given $109.13 Consensus PT from Analysts
On Thursday, February 15 RITCHIE KEVIN J sold $5.15 million worth of Texas Instruments Incorporated (NASDAQ:TXN) or 49,955 shares. Taylor Hoffman Wealth Management bought a new position in Texas Instruments in the 4th quarter worth approximately $105,000.

Illegal gold miners storms Grace Mugabe's farm sitting on massive gold deposits
Ms Mugabe's farm was once a no-go zone locked down by hundreds of police and soldiers when her husband was president. After unsuccessfully confronting them on Thursday, Mrs Mugabe reported the matter to the police.

Middleton & Co Inc MA Trims Stake in Chevron Co. (CVX)
Mountain Capital Investment Advisors Inc bought a new stake in shares of Chevron in the 2nd quarter worth approximately $160,000. Glenmede Trust Company Na sold 21,881 shares as the company's stock rose 15.49% while stock markets declined.

'Ren & Stimpy' Creator John Kricfalusi Accused Of Harassment And Underage Sexual Abuse
But that soon escalated to Kricfalusi , who was aged 39 at the time, sending boxes of toys and art supplies to Byrd. He also claims that Kricfalusi would routinely show off a "stack of Polaroids" taken during sex with Byrd.

Anushka Sharma to roll out three films under her home banner
Anushka Sharma's last release " Pari ", a horror flick, received a lukewarm response at the Box Office. She will be seen in a pivotal role in Sanjay Dutt biopic alongside Ranbir Kapoor.

No Man's Sky Xbox release comes alongside NEXT update
The game initially released on PS4 and PC in August of 2016 and had a polarizing reception, to say the least. The update is called as "NEXT" and it is important to update on a long journey and the community.

Oxbow Advisors LLC Acquires New Position in Walt Disney Co (DIS)
Following the completion of the transaction, the director now owns 85,636 shares of the company's stock, valued at $9,282,086.04. Robert Pohly decreased its stake in Hdfc Bank Ltd (HDB) by 11.35% based on its latest 2017Q4 regulatory filing with the SEC.

US ambassador's reported dig at Abbas draws Palestinian ire
Mr Abbas suspended ties after US President Donald Trump recognised contested Jerusalem as Israel's capital in December. Palestinian anger toward the USA has threatened the prospects of a US peace plan being drawn up by the White House.

© 2015 ExpressNewsline. All Rights reserved.