Man Group Reduces $9M in Bank of New York Mellon Corp ($BK)
Key Points
- Man Group changed its Bank of New York Mellon Corp ($BK) stake by 10.58% last quarter, cutting to 559,938 shares worth $76.80 million.
- Wall Street's consensus rating on $BK is Buy and an average price target of $142.64.
- $BK last traded around $137.16.
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Man Group reduced its position in Bank of New York Mellon Corp ($BK) by 10.58% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 559,938 shares of Bank of New York Mellon Corp after selling 66,267 shares during the quarter. Man Group's holdings in Bank of New York Mellon Corp were worth $76.80 million as of its most recent filing.
Bank of New York Mellon Corp Stock Holds Steady
Shares of Bank of New York Mellon Corp ($BK) traded around $137.16 on Saturday.
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About Bank of New York Mellon Corp
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing, payables management, and trade finance, as well as U.S. government and global clearing, and tri-party services. The Investment and Wealth Management segment offers investment management strategies, investment products distribution, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment provides corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services. The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
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