The Bank of New York Mellon: Funds Selling Shares in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of The Bank of New York Mellon Corporation (NYSE:BK).

SEC data indicate that these institutions significantly reduced their stock shares of The Bank of New York Mellon Corporation in Q3 2011:

  • ARTISAN PARTNERS HOLDINGS LP: On 06/30/2011, held 5,030,730 shares, worth $127,428,391. On 09/30/2011, held 0 shares.
  • PARNASSUS INVESTMENTS /CA: On 06/30/2011, held 3,350,000 shares, worth $84,855,500. On 09/30/2011, held 0 shares.
  • SNOW CAPITAL MANAGEMENT LP: On 06/30/2011, held 2,485,729 shares, worth $62,963,516. On 09/30/2011, held 0 shares.

About the company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.

Competitors to Watch: State Street Corporation (NYSE:STT), Northern Trust Corporation (NASDAQ:NTRS), SEI Investments Company (NASDAQ:SEIC), Morgan Stanley (NYSE:MS), Goldman Sachs Group, Inc. (NYSE:GS), Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), United Western Bancorp, Inc. (NASDAQ:UWBK), and JPMorgan Chase & Co. (NYSE:JPM).

(Note: Data regarding The Bank of New York Mellon Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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