Hutchinson Capital Management Has Decreased Bank Of New York Co (New) (BK) Stake by $10.68 Million as Market Value Declined; Navellier & Associates Increased Its Holding in Digital Realty Trust (DLR) as Market Value Rose

February 24, 2018 - By Adrian Mccoy

Hutchinson Capital Management decreased its stake in Bank Of New York Co (New) (BK) by 94.17% based on its latest 2017Q3 regulatory filing with the SEC. Hutchinson Capital Management sold 205,337 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 12,717 shares of the major banks company at the end of 2017Q3, valued at $674,000, down from 218,054 at the end of the previous reported quarter. Hutchinson Capital Management who had been investing in Bank Of New York Co (New) for a number of months, seems to be less bullish one the $57.67B market cap company. The stock increased 1.79% or $1 during the last trading session, reaching $56.9. About 3.21M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 24, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Louis Navellier increased its stake in Digital Realty Trust Inc. (DLR) by 30.07% based on its latest 2017Q3 regulatory filing with the SEC. Navellier & Associates Inc bought 13,391 shares as the company’s stock rose 10.26% with the market. The hedge fund run by Louis Navellier held 57,931 shares of the consumer services company at the end of 2017Q3, valued at $6.86M, up from 44,540 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Digital Realty Trust Inc. for a number of months, seems to be bullish on the $21.84B market cap company. The stock increased 1.36% or $1.37 during the last trading session, reaching $102.2. About 1.44M shares traded. Digital Realty Trust, Inc. (NYSE:DLR) has risen 23.90% since February 24, 2017 and is uptrending. It has outperformed by 7.20% the S&P500.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It improved, 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. Amg National Trust Bancorporation holds 0.18% or 49,070 shares. Curbstone Fincl Mgmt has 10,050 shares. Klingenstein Fields And Com Limited Com accumulated 0.32% or 154,405 shares. Hancock owns 0.11% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 47,028 shares. Dupont Capital Management Corporation has 5,437 shares for 0.01% of their portfolio. Panagora Asset Mngmt Incorporated owns 817,487 shares or 0.17% of their US portfolio. Commerzbank Aktiengesellschaft Fi accumulated 20,839 shares. Gemmer Asset Ltd Liability Com has 707 shares. 1,647 are held by Parkside Commercial Bank And Tru. Victory Management invested 0.05% in The Bank of New York Mellon Corporation (NYSE:BK). Caisse De Depot Et Placement Du Quebec invested 0.09% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). 1,085 were reported by Endurance Wealth Mngmt. Thrivent Financial For Lutherans stated it has 606,032 shares or 0.11% of all its holdings. Bb&T Corp reported 0.01% stake. State Of Alaska Department Of Revenue reported 0.08% in The Bank of New York Mellon Corporation (NYSE:BK).

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on April, 19. They expect $0.96 EPS, up 20.00% or $0.16 from last year’s $0.8 per share. BK’s profit will be $972.91 million for 14.82 P/E if the $0.96 EPS becomes a reality. After $0.91 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts 5.49% EPS growth.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, January 22 by UBS. The firm earned “Buy” rating on Friday, July 21 by Deutsche Bank. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. The firm has “Neutral” rating by Buckingham Research given on Monday, November 21. The stock has “Hold” rating by RBC Capital Markets on Thursday, June 22. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Jefferies on Wednesday, April 12. The company was downgraded on Monday, April 24 by Credit Suisse. The firm has “Underweight” rating by JP Morgan given on Friday, January 19. The firm earned “Hold” rating on Thursday, October 19 by Jefferies. The rating was maintained by Deutsche Bank on Friday, January 8 with “Buy”.

Investors sentiment increased to 2.06 in Q3 2017. Its up 1.03, from 1.03 in 2017Q2. It increased, as 44 investors sold DLR shares while 119 reduced holdings. 95 funds opened positions while 241 raised stakes. 198.28 million shares or 22.83% more from 161.43 million shares in 2017Q2 were reported. Navellier & Assocs Inc accumulated 57,931 shares or 1.33% of the stock. Old Mutual Customised Solutions (Proprietary) Limited has 0.03% invested in Digital Realty Trust, Inc. (NYSE:DLR) for 1,770 shares. 10,089 are owned by Sumitomo Life Insurance. Caxton Associates Lp owns 2,697 shares or 0.01% of their US portfolio. Sterling Cap Management Ltd Limited Liability Company invested in 0.05% or 43,355 shares. Patten Gp Inc stated it has 0.05% in Digital Realty Trust, Inc. (NYSE:DLR). Arizona State Retirement holds 0.16% or 116,058 shares in its portfolio. Security Fincl Bank Of So Dak holds 14,546 shares or 1.97% of its portfolio. First Republic Inv Mgmt stated it has 0% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR). 18,297 were reported by Qs Limited Liability. Millennium Management Limited Liability stated it has 84,607 shares. Symphony Asset Limited Com holds 0.05% or 3,488 shares. Moreover, Ancora Advsrs Ltd Liability Corporation has 0.02% invested in Digital Realty Trust, Inc. (NYSE:DLR). Moreover, Security National Bank Of Sioux City Iowa Ia has 2.25% invested in Digital Realty Trust, Inc. (NYSE:DLR) for 19,404 shares. Next Finance Inc invested 0.06% in Digital Realty Trust, Inc. (NYSE:DLR).

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