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O Shaughnessy Asset Management increased its stake in Bank of New York Mellon, which beat Q4 earnings estimates.
O Shaughnessy Asset Management LLC increased its stake in The Bank of New York Mellon Co. (BK) by 11.7% during Q4, owning 786,496 shares.
The bank reported $1.72 EPS for Q4, beating estimates by $0.18.
Revenue was up 11.2% to $4.85 billion.
Analysts predict 6.96 EPS for the year, with a consensus "Moderate Buy" rating and an average target price of $89.71.
Institutional investors and hedge funds own 85.31% of the stock.
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Shaughnessy Asset Management aumentó su participación en el Bank of New York Mellon, que superó las estimaciones de ganancias del Q4.