California Public Employees Retirement System Lowered Metlife (MET) Holding; Kingstown Capital Management LP Has Decreased Bank New York Mellon (BK) Position

September 13, 2017 - By Ruchi Gupta

Kingstown Capital Management Lp decreased Bank New York Mellon Corp (BK) stake by 16.67% reported in 2016Q4 SEC filing. Kingstown Capital Management Lp sold 250,000 shares as Bank New York Mellon Corp (BK)’s stock declined 1.27%. The Kingstown Capital Management Lp holds 1.25M shares with $59.23M value, down from 1.50M last quarter. Bank New York Mellon Corp now has $53.15 billion valuation. The stock declined 1.06% or $0.55 reaching $51.44 per share. About 2.44 million shares traded. Bank of New York Mellon Corp (NYSE:BK) has risen 13.98% since September 13, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

California Public Employees Retirement System decreased Metlife Inc (MET) stake by 3.07% reported in 2016Q4 SEC filing. California Public Employees Retirement System sold 79,600 shares as Metlife Inc (MET)’s stock declined 4.70%. The California Public Employees Retirement System holds 2.51M shares with $135.43 million value, down from 2.59M last quarter. Metlife Inc now has $51.50B valuation. The stock declined 0.10% or $0.05 reaching $48.45 per share. About 1.62M shares traded. Metlife Inc (NYSE:MET) has risen 13.92% since September 13, 2016 and is uptrending. It has underperformed by 2.78% the S&P500.

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.06, from 1 in 2016Q3. It fall, as 69 investors sold MET shares while 359 reduced holdings. 122 funds opened positions while 279 raised stakes. 810.29 million shares or 2.96% more from 786.98 million shares in 2016Q3 were reported. Stevens Capital Lp holds 0.03% of its portfolio in Metlife Inc (NYSE:MET) for 12,666 shares. 2,134 are held by Farmers Commercial Bank. 150,356 are owned by Mason Street Advsr Lc. West Oak Cap reported 0% stake. 118,670 were reported by Palouse Cap Mngmt Inc. Capital Fund Mgmt Sa reported 528,487 shares or 0.25% of all its holdings. Delta Capital Management Lc stated it has 52,516 shares. Citigroup has 2.29M shares for 0.11% of their portfolio. Richard Bernstein Advisors Limited invested in 0.49% or 108,215 shares. Cullinan Assocs reported 84,105 shares. Wright, a Connecticut-based fund reported 38,915 shares. Bbva Compass Fincl Bank reported 0.37% of its portfolio in Metlife Inc (NYSE:MET). Smith Asset Mgmt Gru Ltd Partnership holds 0% of its portfolio in Metlife Inc (NYSE:MET) for 252 shares. Tokio Marine Asset Mngmt Limited stated it has 18,080 shares. Jfs Wealth Ltd Liability Company owns 0% invested in Metlife Inc (NYSE:MET) for 255 shares.

California Public Employees Retirement System increased Kindred Healthcare Inc (NYSE:KND) stake by 80,800 shares to 575,319 valued at $4.52M in 2016Q4. It also upped Bok Financial Corporation (NASDAQ:BOKF) stake by 6,600 shares and now owns 77,166 shares. Ternium Sa (NYSE:TX) was raised too.

Among 15 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. MetLife had 35 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. The firm has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets. Deutsche Bank downgraded the shares of MET in report on Wednesday, July 13 to “Hold” rating. The company was upgraded on Monday, January 23 by Deutsche Bank. Barclays Capital maintained Metlife Inc (NYSE:MET) on Friday, August 11 with “Overweight” rating. The rating was maintained by Wells Fargo with “Buy” on Friday, May 5. Wells Fargo reinitiated Metlife Inc (NYSE:MET) on Friday, September 23 with “Outperform” rating. The rating was maintained by Argus Research on Wednesday, August 9 with “Buy”. The firm has “Buy” rating by Wells Fargo given on Monday, July 10.

Investors sentiment increased to 0.89 in 2016 Q4. Its up 0.07, from 0.82 in 2016Q3. It is positive, as 45 investors sold BK shares while 317 reduced holdings. 122 funds opened positions while 230 raised stakes. 846.88 million shares or 1.27% more from 836.26 million shares in 2016Q3 were reported. Netherlands-based Ing Groep Nv has invested 0.06% in Bank of New York Mellon Corp (NYSE:BK). Tocqueville Asset Management Limited Partnership invested in 721,900 shares or 0.44% of the stock. Wealthtrust reported 0.01% in Bank of New York Mellon Corp (NYSE:BK). Glg Ltd holds 0.2% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 59,690 shares. Cortland Advisers Llc holds 8.94% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 3.82M shares. 58,238 are held by Edgewood Mgmt Lc. Focused Wealth Mngmt invested in 4,558 shares or 0.09% of the stock. Delta Management Ltd Liability Co holds 2.03% or 60,229 shares in its portfolio. Geode Cap Mngmt Ltd Llc has 9.33 million shares. Baltimore invested in 182,316 shares or 0.55% of the stock. Blackrock Inv Management Limited Company has invested 0.11% in Bank of New York Mellon Corp (NYSE:BK). Northwest Invest Counselors Lc reported 41,442 shares. Moreover, Teacher Retirement Of Texas has 0% invested in Bank of New York Mellon Corp (NYSE:BK) for 11,103 shares. Tdam Usa stated it has 0.08% in Bank of New York Mellon Corp (NYSE:BK). M&R Mgmt accumulated 2.66% or 219,496 shares.

Among 20 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. The Bank Of New York Mellon Corporation had 55 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, July 11 by Jefferies. The stock of Bank of New York Mellon Corp (NYSE:BK) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, January 20. On Friday, October 21 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. RBC Capital Markets maintained the shares of BK in report on Wednesday, April 5 with “Hold” rating. The rating was maintained by Deutsche Bank on Friday, January 8 with “Buy”. As per Wednesday, April 12, the company rating was maintained by Jefferies. The company was maintained on Friday, July 21 by Deutsche Bank. The firm has “Outperform” rating given on Friday, September 23 by CLSA. Keefe Bruyette & Woods upgraded Bank of New York Mellon Corp (NYSE:BK) on Friday, October 21 to “Outperform” rating. RBC Capital Markets maintained the shares of BK in report on Thursday, June 22 with “Hold” rating.

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