Commonwealth Of Pennsylvania Public School Empls Retrmt Sys Has Raised Its Bank New York Mellon (BK) Stake; THL Credit Has 0.96 Sentiment

January 16, 2018 - By Marguerite Chambers

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys increased Bank New York Mellon Corp (BK) stake by 8.76% reported in 2017Q3 SEC filing. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys acquired 6,767 shares as Bank New York Mellon Corp (BK)’s stock declined 1.27%. The Commonwealth Of Pennsylvania Public School Empls Retrmt Sys holds 84,023 shares with $4.46M value, up from 77,256 last quarter. Bank New York Mellon Corp now has $59.44B valuation. The stock decreased 0.63% or $0.37 during the last trading session, reaching $58.05. About 2.23 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 16, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

The stock decreased 0.33% or $0.03 during the last trading session, reaching $9.14. About 68,642 shares traded. THL Credit, Inc. (TCRD) has declined 4.64% since January 16, 2017 and is downtrending. It has underperformed by 21.34% the S&P500.

Analysts await THL Credit, Inc. (NASDAQ:TCRD) to report earnings on March, 8. They expect $0.31 EPS, up 10.71% or $0.03 from last year’s $0.28 per share. TCRD’s profit will be $10.13 million for 7.37 P/E if the $0.31 EPS becomes a reality. After $0.34 actual EPS reported by THL Credit, Inc. for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.

Shikiar Asset Management Inc holds 1.15% of its portfolio in THL Credit, Inc. for 282,505 shares. Buckhead Capital Management Llc owns 356,642 shares or 0.72% of their US portfolio. Moreover, West Family Investments Inc. has 0.69% invested in the company for 612,713 shares. The New Jersey-based Highlander Capital Management Llc has invested 0.43% in the stock. Ares Management Llc, a California-based fund reported 1.06 million shares.

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. Credit Suisse downgraded The Bank of New York Mellon Corporation (NYSE:BK) on Monday, April 24 to “Neutral” rating. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, September 9. RBC Capital Markets maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Wednesday, August 30. RBC Capital Markets has “Hold” rating and $58.0 target. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Equal-Weight” rating by Morgan Stanley on Friday, October 20. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Tuesday, January 26. Deutsche Bank has “Buy” rating and $44 target. Barclays Capital maintained it with “Overweight” rating and $48 target in Friday, January 22 report. Citigroup maintained The Bank of New York Mellon Corporation (NYSE:BK) on Monday, October 9 with “Neutral” rating. maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Monday, October 10. has “Hold” rating and $43 target. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 21. The company was upgraded on Thursday, September 17 by Bank of America.

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys decreased Valero Energy Partners Lp (NYSE:VLP) stake by 111,458 shares to 81,172 valued at $3.55 million in 2017Q3. It also reduced Buckeye Partners LP (NYSE:BPL) stake by 208,156 shares and now owns 1.16M shares. Terraform Global Inc was reduced too.

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