Hl Financial Services Has Boosted Position in Home Depot (HD) by $1.14 Million as Market Value Rose; Bank New York Mellon Corp. (BK) Valuation Declined While Trian Fund Management LP Decreased by $530.00 Million Its Stake

January 13, 2018 - By Richard Conner

Hl Financial Services Llc increased its stake in Home Depot Inc (HD) by 0.47% based on its latest 2017Q3 regulatory filing with the SEC. Hl Financial Services Llc bought 7,015 shares as the company’s stock rose 9.30% with the market. The institutional investor held 1.51 million shares of the consumer services company at the end of 2017Q3, valued at $247.64 million, up from 1.51 million at the end of the previous reported quarter. Hl Financial Services Llc who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $229.37 billion market cap company. The stock increased 0.89% or $1.74 during the last trading session, reaching $196.42. About 6.75M shares traded or 46.35% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since January 13, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Nelson Peltz decreased its stake in Bank New York Mellon Corp. (BK) by 30.89% based on its latest 2017Q3 regulatory filing with the SEC. Trian Fund Management Lp sold 10.00 million shares as the company’s stock declined 1.27% while stock markets rallied. The hedge fund run by Nelson Peltz held 22.38M shares of the major banks company at the end of 2017Q3, valued at $1.19B, down from 32.38M at the end of the previous reported quarter. Trian Fund Management Lp who had been investing in Bank New York Mellon Corp. for a number of months, seems to be less bullish one the $59.82 billion market cap company. The stock increased 1.02% or $0.59 during the last trading session, reaching $58.42. About 3.48 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 13, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It is positive, as 34 investors sold BK shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported. Mcrae Capital holds 0.37% in The Bank of New York Mellon Corporation (NYSE:BK) or 16,435 shares. Quinn Opportunity Ltd Liability Co reported 0.1% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Rnc Capital Mngmt Ltd, a California-based fund reported 10,140 shares. Moreover, Bnp Paribas Arbitrage Sa has 0.12% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 900,627 shares. Veritas Investment (Uk) reported 893 shares. Creative Planning accumulated 67,069 shares or 0.02% of the stock. Smith Asset Mgmt LP accumulated 0.85% or 478,155 shares. First Citizens National Bank & Co has 80,467 shares for 0.56% of their portfolio. Deroy & Devereaux Private Invest Counsel holds 1.87% or 313,117 shares. Georgia-based Marco Management Lc has invested 0.6% in The Bank of New York Mellon Corporation (NYSE:BK). Moreover, Employees Retirement Sys Of Texas has 0.11% invested in The Bank of New York Mellon Corporation (NYSE:BK). American And Management holds 18,318 shares. New York-based Clinton Gru Inc has invested 0.14% in The Bank of New York Mellon Corporation (NYSE:BK). Amer Registered Advisor has 0.43% invested in The Bank of New York Mellon Corporation (NYSE:BK). Cornerstone Hldg Ltd Company holds 0.11% or 270,429 shares.

Among 23 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. Rafferty maintained the shares of BK in report on Wednesday, April 26 with “Buy” rating. The firm has “Buy” rating by UBS given on Friday, January 22. Jefferies maintained the stock with “Hold” rating in Monday, June 19 report. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Buy” rating given on Thursday, September 17 by Bank of America. The rating was maintained by RBC Capital Markets on Wednesday, August 30 with “Hold”. The firm has “Buy” rating by Deutsche Bank given on Friday, August 5. The firm earned “Neutral” rating on Monday, October 9 by Citigroup. JP Morgan downgraded the shares of BK in report on Friday, January 6 to “Neutral” rating. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Jefferies on Thursday, October 19. Morgan Stanley maintained the shares of BK in report on Friday, October 20 with “Equal-Weight” rating.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on January, 18. They expect $0.91 earnings per share, up 18.18% or $0.14 from last year’s $0.77 per share. BK’s profit will be $931.85 million for 16.05 P/E if the $0.91 EPS becomes a reality. After $0.98 actual earnings per share reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Hl Financial Services Llc, which manages about $5.17B US Long portfolio, decreased its stake in Astrazeneca Plc (NYSE:AZN) by 35,241 shares to 6,925 shares, valued at $235,000 in 2017Q3, according to the filing. It also reduced its holding in Eli Lilly & Co (NYSE:LLY) by 10,848 shares in the quarter, leaving it with 80,037 shares, and cut its stake in Select Sector Spdr Etf (XLF).

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Robert W. Baird on Tuesday, January 2. Jefferies maintained it with “Buy” rating and $189.0 target in Friday, November 10 report. UBS maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, November 15. UBS has “Buy” rating and $186.0 target. The firm has “Overweight” rating by Atlantic Securities given on Tuesday, November 28. As per Wednesday, August 19, the company rating was maintained by S&P Research. As per Wednesday, February 22, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Tuesday, July 18. The company was maintained on Tuesday, August 15 by Oppenheimer. The firm earned “Buy” rating on Wednesday, September 13 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $17800 target in Thursday, July 20 report.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It increased, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Bluefin Trading Limited Liability reported 9,600 shares or 0.18% of all its holdings. Neuberger Berman Gru Limited Liability reported 0.41% in The Home Depot, Inc. (NYSE:HD). Natixis invested in 0.24% or 158,427 shares. Blackrock reported 0.61% of its portfolio in The Home Depot, Inc. (NYSE:HD). Ancora Advsr Limited Co invested 0.4% of its portfolio in The Home Depot, Inc. (NYSE:HD). Eqis Cap invested in 8,910 shares or 0.08% of the stock. New England Private Wealth Advisors Limited Company stated it has 3,731 shares or 0.18% of all its holdings. Neville Rodie And Shaw Inc stated it has 0.88% in The Home Depot, Inc. (NYSE:HD). Port Solutions Ltd holds 0% or 1 shares in its portfolio. Mu Invests invested 0.07% in The Home Depot, Inc. (NYSE:HD). Affinity Wealth Management has invested 0.17% in The Home Depot, Inc. (NYSE:HD). The New York-based Hap Trading Lc has invested 0.59% in The Home Depot, Inc. (NYSE:HD). Perritt Cap invested in 0.1% or 2,333 shares. Park Natl Corp Oh has invested 1.3% in The Home Depot, Inc. (NYSE:HD). Murphy Cap Inc invested in 2.22% or 94,704 shares.

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