The Bank of New York Mellon Corporation $BK Shares Sold by Fox Run Management L.L.C.

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Fox Run Management L.L.C. reduced its stake in The Bank of New York Mellon Corporation (BK) by 55.2% in Q3, selling 11,969 shares and retaining 9,712 shares valued at $1.058 million. The bank has a consensus “Moderate Buy” rating from analysts with an average target price of $131.92, and several firms have recently increased their price targets. BNY Mellon also announced a quarterly dividend of $0.53, leading to an annualized dividend of $2.12 and a yield of 1.8%.

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