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Raiffeisen Bank International AG Sells 16,538 Shares of The Bank of New York Mellon Corporation $BK
Raiffeisen Bank International AG reduced its stake in The Bank of New York Mellon Corporation by 16.3%, selling 16,538 shares and retaining 84,725 shares valued at $9.299 million. This move comes as other major institutions like Vanguard, Geode, Artisan, and Norges Bank have either increased or initiated positions in BNY Mellon, with institutional investors now owning 85.31% of the company. The Bank of New York Mellon has a market cap of $82.4 billion, a consensus “Moderate Buy” rating, and recently declared a quarterly dividend of $0.53.