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Arrowstreet Capital Limited Partnership Has $371.61 Million Stake in The Bank of New York Mellon Corporation $BK
Arrowstreet Capital Limited Partnership significantly reduced its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 31.0% in the third quarter, now holding 3,410,488 shares valued at $371.61 million. Despite this, other hedge funds, such as Norges Bank and Geode Capital Management LLC, have acquired or increased their positions in BK. The Bank of New York Mellon recently reported $1.91 EPS for the quarter and analysts anticipate earnings per share of 6.96 for the current fiscal year.