Dodge & Cox 13F: Cuts Bank of New York Mellon (BK) Stake by $342M
The investment firm trimmed its holdings in Bank of New York Mellon, reflecting a decrease of 2.4 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Dodge & Cox sold 2,409,445 shares from its stake in Bank of New York Mellon Corp ($BK), a 9.33% decrease, according to a 13F filing with the SEC dated May 14, 2026. It reported 23,401,794 shares worth $3.33 billion at the end of the quarter.
Since the filing, $BK is up 2.2% after 1 week, up 4.8% after 1 month and up 5.6% to date (from the $135.98 close on May 14, 2026).
BK
Bank of New York Mellon Corp
Key Points
- Dodge & Cox reduced its stake in Bank of New York Mellon by 9.3%, selling 2.4 million shares and now holds 23.4 million shares.
- Dodge & Cox held 23,401,794 $BK shares at quarter end, down 9.33% from the prior quarter.
- Shares of NYQ:BK traded near $142.09 with a market cap of $94.1 billion and a P/E ratio of 17.0.
- Bank of New York Mellon offers a dividend yield of 1.53% with an annual rate of $2.12 and a payout ratio of 25.56%.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Bank of New York Mellon Corp alert may contain errors. Disclosures
Dodge & Cox has trimmed its stake in Bank of New York Mellon Corp (NYSE: BK), reducing its holdings by about 2.4 million shares. This adjustment reflects a 9.3% decrease, bringing its total ownership to approximately 23.4 million shares, valued at around $3.33 billion. The change was disclosed in a recent Form 13F filing with the SEC.
What Changed in Dodge & Cox's Bank of New York Mellon Position
Dodge & Cox's recent filing shows that it reduced its Bank of New York Mellon position from 25.8 million shares to 23.4 million shares. This reduction of 2.4 million shares represents a 9.3% decrease in its holdings as of the reporting period.
Bank of New York Mellon Corp Stock Up 3.6%
Shares of Bank of New York Mellon (NYSE: BK) were trading around $142.09. The company boasts a market capitalization of approximately $94.1 billion and a P/E ratio of 17.0. Its forward P/E stands at 14.2, with a beta of 1.068. The stock has seen a 52-week low of $87.41 and a high of $141.65. The 50-day moving average is $129.85, while the 200-day moving average is $117.22.
Recent Earnings
Bank of New York Mellon reported revenue of $20.75 billion, with a revenue growth of 13.4%. Its net margin is 28.7%, and return on equity is 13.5%. The company's earnings per share (EPS) is $8.06. The next earnings date was not provided.
Dividend
Bank of New York Mellon offers a dividend rate of $2.12 per share, translating to a yield of 1.53%. The dividend payout ratio is 25.56%.
About Bank of New York Mellon
Bank of New York Mellon Corporation, headquartered in New York, NY, provides a range of financial products and services both in the United States and internationally. The company operates through several segments, including Securities Services, Market and Wealth Services, and Investment and Wealth Management. Led by CEO Mr. Robin Antony Vince, the company employs about 47,200 people.
Bottom Line
Dodge & Cox's decision to reduce its stake in Bank of New York Mellon by 9.3% is part of its portfolio management strategy. Investors often track such filings for insights into institutional sentiment, but it's important to remember that these 13F filings are backward-looking and may not reflect the investor's current position.
Related Filing Alerts
Source: Dodge & Cox's 13F filing on $BK (May 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Dodge & Cox 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts