Cacti Asset Management Llc decreased its stake in Bank Of New York Mellon Corp (BK) by 1.07% based on its latest 2017Q3 regulatory filing with the SEC. Cacti Asset Management Llc sold 7,500 shares as the company’s stock declined 1.27% while stock markets rallied. The institutional investor held 691,615 shares of the major banks company at the end of 2017Q3, valued at $36.49M, down from 699,115 at the end of the previous reported quarter. Cacti Asset Management Llc who had been investing in Bank Of New York Mellon Corp for a number of months, seems to be less bullish one the $58.77B market cap company. The stock decreased 0.33% or $0.19 during the last trading session, reaching $57.99. About 4.57 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since February 28, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.
Fenimore Asset Management Inc increased its stake in Carriage Services Inc. (CSV) by 12.44% based on its latest 2017Q3 regulatory filing with the SEC. Fenimore Asset Management Inc bought 31,630 shares as the company’s stock declined 1.66% while stock markets rallied. The institutional investor held 285,930 shares of the consumer services company at the end of 2017Q3, valued at $7.32M, up from 254,300 at the end of the previous reported quarter. Fenimore Asset Management Inc who had been investing in Carriage Services Inc. for a number of months, seems to be bullish on the $446.14 million market cap company. The stock decreased 0.86% or $0.24 during the last trading session, reaching $27.57. About 70,269 shares traded. Carriage Services, Inc. (NYSE:CSV) has risen 12.85% since February 28, 2017 and is uptrending. It has underperformed by 3.85% the S&P500.
Investors sentiment is 1.36 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 10 investors sold CSV shares while 26 reduced holdings. only 15 funds opened positions while 34 raised stakes. 13.42 million shares or 0.81% less from 13.53 million shares in 2017Q2 were reported. Renaissance Technology Lc invested in 0.03% or 901,600 shares. Baker Ellis Asset Mngmt Ltd Limited Liability Company invested in 6,150 shares. 127,526 are held by Tiaa Cref Llc. New York-based Tower Rech Cap Ltd Liability Co (Trc) has invested 0% in Carriage Services, Inc. (NYSE:CSV). First Trust Advsrs Lp owns 0% invested in Carriage Services, Inc. (NYSE:CSV) for 11,964 shares. Aperio Group Lc holds 0% in Carriage Services, Inc. (NYSE:CSV) or 9,713 shares. Fenimore Asset Management has 285,930 shares for 0.29% of their portfolio. Royal Retail Bank Of Canada has invested 0.01% in Carriage Services, Inc. (NYSE:CSV). Vanguard stated it has 0% of its portfolio in Carriage Services, Inc. (NYSE:CSV). Millennium Management Lc holds 0% or 30,761 shares in its portfolio. Ny State Common Retirement Fund reported 0% of its portfolio in Carriage Services, Inc. (NYSE:CSV). Highlander Cap Mngmt Limited Liability Company holds 0.26% or 13,077 shares. California State Teachers Retirement Systems holds 0% or 24,885 shares. Citadel Advsrs Ltd Limited Liability Company invested in 0% or 104,786 shares. Metropolitan Life Ins invested in 10,399 shares or 0% of the stock.
Among 3 analysts covering Carriage Services (NYSE:CSV), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Carriage Services had 3 analyst reports since November 11, 2015 according to SRatingsIntel. The rating was initiated by Oppenheimer with “Outperform” on Wednesday, November 11. Barrington Research maintained Carriage Services, Inc. (NYSE:CSV) on Thursday, September 22 with “Outperform” rating. Barrington maintained the shares of CSV in report on Thursday, February 15 with “Buy” rating.
Since December 11, 2017, it had 1 insider purchase, and 2 insider sales for $19,385 activity. Bruce Mark R had sold 3,000 shares worth $79,200. 2,500 shares valued at $68,750 were bought by FINGERHUT BARRY K on Friday, February 23.
Fenimore Asset Management Inc, which manages about $2.04B and $2.49B US Long portfolio, decreased its stake in Mednax Inc. (NYSE:MD) by 157,455 shares to 716,505 shares, valued at $30.90 million in 2017Q3, according to the filing. It also reduced its holding in Idex Corporation (NYSE:IEX) by 8,102 shares in the quarter, leaving it with 830,270 shares, and cut its stake in Microchip Technology Incorpora (NASDAQ:MCHP).
Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.12, from 0.89 in 2017Q2. It improved, 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. Manufacturers Life Ins The, Ontario – Canada-based fund reported 1.29M shares. Douglass Winthrop Advsr has 0.07% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 22,210 shares. Mraz Amerine & Inc owns 79,440 shares for 1.33% of their portfolio. Guardian Life Ins Of America reported 0.02% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). The New York-based Sg Americas has invested 0.01% in The Bank of New York Mellon Corporation (NYSE:BK). Fairview Cap Inv Mgmt Ltd invested in 0.01% or 4,150 shares. Fmr Ltd Co reported 0.03% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Compton Mgmt Inc Ri holds 0.16% or 6,525 shares. Victory Mngmt has 408,684 shares for 0.05% of their portfolio. Arizona State Retirement Sys holds 345,412 shares. Robeco Institutional Asset Bv holds 0.05% or 149,362 shares. South State reported 5,500 shares. Meiji Yasuda Life stated it has 0.52% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Intact Inv Mgmt accumulated 7,900 shares. Woodstock owns 0.45% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 44,156 shares.
Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on April, 19. They expect $0.96 earnings per share, up 20.00% or $0.16 from last year’s $0.8 per share. BK’s profit will be $972.90M for 15.10 P/E if the $0.96 EPS becomes a reality. After $0.91 actual earnings per share reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts 5.49% EPS growth.
Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 74 analyst reports since July 22, 2015 according to SRatingsIntel. Sandler O’Neill maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Thursday, January 18. Sandler O’Neill has “Hold” rating and $58.0 target. The rating was maintained by Deutsche Bank with “Buy” on Friday, September 9. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Hold” rating by Jefferies on Wednesday, October 7. The rating was upgraded by Morgan Stanley on Friday, October 21 to “Equal-Weight”. Citigroup maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Monday, October 9. Citigroup has “Neutral” rating and $56 target. The rating was downgraded by Buckingham Research to “Neutral” on Monday, November 21. The stock has “Hold” rating by RBC Capital Markets on Wednesday, August 30. The firm has “Buy” rating given on Thursday, June 16 by Deutsche Bank. Jefferies maintained the shares of BK in report on Wednesday, April 12 with “Hold” rating.
Cacti Asset Management Llc, which manages about $925.34 million and $1.18 billion US Long portfolio, upped its stake in Jacobs Engr Group Inc Del (NYSE:JEC) by 76,900 shares to 856,094 shares, valued at $49.89 million in 2017Q3, according to the filing. It also increased its holding in Procter & Gamble Co (NYSE:PG) by 140,154 shares in the quarter, for a total of 149,954 shares, and has risen its stake in Volkswagen Ag (VLKAY).
The post Fenimore Asset Management Raised Its Carriage Services (CSV) Holding by $790,750; Cacti Asset Management Has Cut Its Bank Of New York Mellon (BK) Stake by $390,000 as Share Value Declined appeared first on Stock Market News | HillCountryTimes | Get it Today.
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