Bank New York Mellon (BK) Shareholder Salzhauer Michael Decreased Holding as Market Valuation Declined; As Visa Cl A (V) Shares Rose, Holder Bangor Savings Bank Lowered Its Position

January 14, 2018 - By Louis Casey

Salzhauer Michael decreased its stake in Bank New York Mellon Corp (BK) by 95.09% based on its latest 2017Q3 regulatory filing with the SEC. Salzhauer Michael sold 38,795 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 2,005 shares of the major banks company at the end of 2017Q3, valued at $106,000, down from 40,800 at the end of the previous reported quarter. Salzhauer Michael who had been investing in Bank New York Mellon Corp for a number of months, seems to be less bullish one the $59.82B market cap company. The stock increased 1.02% or $0.59 during the last trading session, reaching $58.42. About 3.48M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 14, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Bangor Savings Bank decreased its stake in Visa Inc Cl A (V) by 13.57% based on its latest 2017Q3 regulatory filing with the SEC. Bangor Savings Bank sold 3,196 shares as the company’s stock rose 5.74% with the market. The institutional investor held 20,356 shares of the business services company at the end of 2017Q3, valued at $2.14 million, down from 23,552 at the end of the previous reported quarter. Bangor Savings Bank who had been investing in Visa Inc Cl A for a number of months, seems to be less bullish one the $272.15 billion market cap company. The stock increased 0.21% or $0.25 during the last trading session, reaching $120.09. About 5.59M shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Salzhauer Michael, which manages about $233.18 million US Long portfolio, upped its stake in Fifth Third Bancorp (NASDAQ:FITB) by 86,009 shares to 100,609 shares, valued at $2.82M in 2017Q3, according to the filing. It also increased its holding in Regions Finl Corp New (NYSE:RF) by 132,293 shares in the quarter, for a total of 167,893 shares, and has risen its stake in Bb&T Corp (NYSE:BBT).

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on January, 18. They expect $0.91 earnings per share, up 18.18% or $0.14 from last year’s $0.77 per share. BK’s profit will be $931.85M for 16.05 P/E if the $0.91 EPS becomes a reality. After $0.98 actual earnings per share reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Among 23 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Underperform” rating given on Monday, May 29 by Bank of America. Citigroup maintained The Bank of New York Mellon Corporation (NYSE:BK) on Monday, October 9 with “Neutral” rating. On Tuesday, January 9 the stock rating was maintained by Jefferies with “Hold”. On Wednesday, April 5 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $58.0 target in Monday, November 13 report. The company was maintained on Friday, May 26 by Bank of America. The firm earned “Hold” rating on Friday, October 6 by RBC Capital Markets. The firm has “Strong Buy” rating by Raymond James given on Wednesday, December 28. The rating was maintained by Deutsche Bank with “Buy” on Thursday, June 16. The company was upgraded on Friday, October 21 by Keefe Bruyette & Woods.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It increased, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Nj State Employees Deferred Compensation Plan has invested 0.77% in The Bank of New York Mellon Corporation (NYSE:BK). Tdam Usa holds 0.09% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 28,977 shares. Highvista Strategies Lc owns 64,700 shares. Moreover, Adage Cap Prtnrs Grp Incorporated has 0.16% invested in The Bank of New York Mellon Corporation (NYSE:BK). National Bank & Trust Of Mellon has 0.11% invested in The Bank of New York Mellon Corporation (NYSE:BK). Raymond James Na holds 114,705 shares or 0.44% of its portfolio. Wells Fargo & Mn stated it has 2.57M shares or 0.04% of all its holdings. Mycio Wealth Prtn Ltd has invested 0.04% in The Bank of New York Mellon Corporation (NYSE:BK). Virtus Advisers accumulated 54,879 shares. Moreover, Meiji Yasuda Life Insurance Company has 0.52% invested in The Bank of New York Mellon Corporation (NYSE:BK). Trexquant Invest Ltd Partnership invested in 0.07% or 5,451 shares. Natl Asset Mngmt reported 21,457 shares. Parallax Volatility Advisers Lp invested in 130,837 shares or 0.01% of the stock. Eagle Ridge Management stated it has 1.16% in The Bank of New York Mellon Corporation (NYSE:BK). Fic Cap Inc stated it has 0.62% in The Bank of New York Mellon Corporation (NYSE:BK).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It dived, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Ftb holds 0.07% or 6,709 shares. 3.12M are owned by California State Teachers Retirement System. 10,320 were reported by Puzo Michael J. Park Natl Corp Oh reported 5,017 shares. Lowe Brockenbrough And Inc owns 5,639 shares or 0.09% of their US portfolio. Crescent Park Lp invested in 7.06% or 365,956 shares. Manning & Napier Advsrs Limited Liability Corporation has invested 1.94% in Visa Inc. (NYSE:V). Smith Chas P Pa Cpas has 3,787 shares. Nationwide Fund has invested 0.58% of its portfolio in Visa Inc. (NYSE:V). 27,230 are owned by Fincl Bank Of Stockton. Envestnet Asset Management Inc invested in 0.14% or 574,768 shares. Glg reported 96,438 shares or 0.66% of all its holdings. Cim Ltd Company has invested 0.2% in Visa Inc. (NYSE:V). Legal And General Gru Public Limited Com accumulated 0.72% or 9.11 million shares. Sei Invests Comm stated it has 3.28M shares or 1.23% of all its holdings.

Bangor Savings Bank, which manages about $488.35M US Long portfolio, upped its stake in Schwab Us Aggregate Bond Etf (SCHZ) by 15,546 shares to 126,634 shares, valued at $6.63M in 2017Q3, according to the filing. It also increased its holding in Schwab Intl Equity Etf (SCHF) by 15,457 shares in the quarter, for a total of 159,159 shares, and has risen its stake in Schwab Intermediate Term (SCHR).

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 20. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by UBS on Tuesday, October 25. Oppenheimer maintained it with “Outperform” rating and $85 target in Monday, October 19 report. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, August 23 report. Bank of America maintained Visa Inc. (NYSE:V) rating on Friday, July 21. Bank of America has “Buy” rating and $111 target. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Cowen & Co on Wednesday, October 11. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Tuesday, January 9 by Stephens. The firm has “Buy” rating given on Friday, September 22 by RBC Capital Markets. Cowen & Co maintained Visa Inc. (NYSE:V) on Friday, June 23 with “Outperform” rating. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Loop Capital on Wednesday, February 15.

Since August 17, 2017, it had 0 insider purchases, and 3 insider sales for $7.43 million activity. MATSCHULLAT ROBERT W sold $707,561 worth of stock. $5.65 million worth of stock was sold by MAHON TULLIER KELLY on Friday, December 15.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20B for 30.95 P/E if the $0.97 EPS becomes a reality. After $0.90 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

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