Travelport Worldwide LTD (TVPT) Holder Sankaty Advisors Has Cut Stake by $20.32 Million as Share Value Declined; Bank New York Mellon (BK) Share Value Declined While Chesapeake Asset Management Has Trimmed Position by $486,222

January 14, 2018 - By Vivian Currie

Chesapeake Asset Management Llc decreased its stake in Bank New York Mellon Corp (BK) by 41.84% based on its latest 2017Q3 regulatory filing with the SEC. Chesapeake Asset Management Llc sold 9,174 shares as the company’s stock declined 1.27% while stock markets rallied. The hedge fund held 12,752 shares of the major banks company at the end of 2017Q3, valued at $676,000, down from 21,926 at the end of the previous reported quarter. Chesapeake Asset Management Llc 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 3.48 million 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.

Sankaty Advisors Llc decreased its stake in Travelport Worldwide Ltd (TVPT) by 99.18% based on its latest 2017Q3 regulatory filing with the SEC. Sankaty Advisors Llc sold 1.35M shares as the company’s stock declined 3.82% while stock markets rallied. The hedge fund held 11,228 shares of the transportation services company at the end of 2017Q3, valued at $176,000, down from 1.37 million at the end of the previous reported quarter. Sankaty Advisors Llc who had been investing in Travelport Worldwide Ltd for a number of months, seems to be less bullish one the $1.72B market cap company. The stock increased 6.53% or $0.84 during the last trading session, reaching $13.7. About 10.51 million shares traded or 645.22% up from the average. Travelport Worldwide Limited (NYSE:TVPT) has risen 5.67% since January 14, 2017 and is uptrending. It has underperformed by 11.03% the S&P500.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It is positive, 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. The United Kingdom-based Investec Asset has invested 1.33% in The Bank of New York Mellon Corporation (NYSE:BK). Tiedemann Wealth Mgmt Limited owns 0.05% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 13,572 shares. Texan Capital Mgmt, Texas-based fund reported 5,859 shares. Delta Capital Management holds 57,534 shares. Burt Wealth holds 0% or 120 shares. Baker Avenue Asset Mgmt Lp reported 0.17% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Oak Ltd Oh holds 1.05% or 270,065 shares. Cornerstone Advisors holds 59,500 shares or 0.37% of its portfolio. King Luther Capital Mngmt invested in 0.02% or 42,351 shares. Columbia Asset holds 5,100 shares or 0.08% of its portfolio. 1,215 were accumulated by Greenleaf. Baker Ellis Asset Mgmt Lc accumulated 53,248 shares or 0.75% of the stock. Utd Services Automobile Association holds 1.68 million shares or 0.26% of its portfolio. Blb&B Advsr Ltd Limited Liability Company reported 0.11% in The Bank of New York Mellon Corporation (NYSE:BK). Argent accumulated 5,251 shares or 0.08% of the stock.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on January, 18. They expect $0.91 EPS, up 18.18% or $0.14 from last year’s $0.77 per share. BK’s profit will be $931.85 million for 16.05 P/E if the $0.91 EPS becomes a reality. After $0.98 actual EPS 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 has “Buy” rating by Deutsche Bank on Tuesday, January 26. Argus Research maintained the stock with “Buy” rating in Tuesday, July 21 report. As per Monday, November 13, the company rating was maintained by RBC Capital Markets. As per Wednesday, April 26, the company rating was maintained by Rafferty. Deutsche Bank maintained the shares of BK in report on Thursday, March 17 with “Buy” rating. maintained the shares of BK in report on Monday, October 10 with “Hold” rating. The firm has “Underperform” rating given on Monday, May 29 by Bank of America. Jefferies maintained The Bank of New York Mellon Corporation (NYSE:BK) on Monday, July 11 with “Hold” rating. The company was maintained on Thursday, September 28 by Keefe Bruyette & Woods. On Friday, May 27 the stock rating was maintained by Deutsche Bank with “Buy”.

Analysts await Travelport Worldwide Limited (NYSE:TVPT) to report earnings on February, 20. They expect $0.01 earnings per share, down 93.33% or $0.14 from last year’s $0.15 per share. TVPT’s profit will be $1.25 million for 342.50 P/E if the $0.01 EPS becomes a reality. After $0.04 actual earnings per share reported by Travelport Worldwide Limited for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.

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