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The Bank of New York Mellon Corporation $BK Holdings Lifted by L & S Advisors Inc
L & S Advisors Inc. increased its stake in The Bank of New York Mellon Corporation by 24.9% in Q3, making it the 25th largest holding, while other major institutions like Vanguard, Geode, and Robeco also boosted their holdings; Norges Bank initiated a new position. Institutional investors collectively own about 85.31% of BK, which trades at approximately $119.63 with a “Moderate Buy” analyst consensus and a $131.92 target price. The company reported $1.91 EPS for the quarter and pays an annual dividend of $2.12, yielding 1.8%.