LSV Asset Management reduced its stake in The Bank of New York Mellon Corporation (BK) by 9.4% in Q3, making it their 3rd largest holding at approximately $617.7 million. Several analysts issued “Buy” ratings and raised price targets for BK in January, contributing to a “Moderate Buy” consensus and an average target of $131.92. The company recently announced a quarterly dividend of $0.53 per share, yielding 1.7% annually.
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The Bank of New York Mellon Corporation $BK is LSV Asset Management's 3rd Largest Position
LSV Asset Management reduced its stake in The Bank of New York Mellon Corporation (BK) by 9.4% in Q3, making it their 3rd largest holding at approximately $617.7 million. Several analysts issued “Buy” ratings and raised price targets for BK in January, contributing to a “Moderate Buy” consensus and an average target of $131.92. The company recently announced a quarterly dividend of $0.53 per share, yielding 1.7% annually.