Greystone Investment Management Has Raised Brookfield Infrast Partners (BIP) Position By $2.18 Million; 10-15 Associates Lowered By $596,994 Its Bank New York Mellon (BK) Holding

June 19, 2017 - By Stephen Andrade

Greystone Investment Management Llc increased Brookfield Infrast Partners (BIP) stake by 56.91% reported in 2016Q4 SEC filing. Greystone Investment Management Llc acquired 66,155 shares as Brookfield Infrast Partners (BIP)’s stock rose 9.21%. The Greystone Investment Management Llc holds 182,404 shares with $6.11 million value, up from 116,249 last quarter. Brookfield Infrast Partners now has $14.99B valuation. The stock declined 0.67% or $0.27 reaching $39.97 on the news. About 500 shares traded. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since June 19, 2016 and is uptrending. It has outperformed by 22.25% the S&P500.

10-15 Associates Inc decreased Bank New York Mellon Corp (BK) stake by 22.01% reported in 2016Q4 SEC filing. 10-15 Associates Inc sold 12,702 shares as Bank New York Mellon Corp (BK)’s stock declined 1.27%. The 10-15 Associates Inc holds 44,999 shares with $2.13M value, down from 57,701 last quarter. Bank New York Mellon Corp now has $51.99B valuation. It closed at $49.89 lastly. It is down 13.98% since June 19, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Greystone Investment Management Llc decreased Oracle Corp (NYSE:ORCL) stake by 14,633 shares to 147,874 valued at $5.69M in 2016Q4. It also reduced Mastercard Incorporated (NYSE:MA) stake by 6,510 shares and now owns 43,210 shares. Time Warner Inc (NYSE:TWX) was reduced too.

Among 8 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Brookfield Infrastructure Partners had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 26 by TD Securities. As per Tuesday, August 18, the company rating was maintained by Scotia Capital. Raymond James downgraded the shares of BIP in report on Monday, September 26 to “Outperform” rating. The firm earned “Equal-Weight” rating on Friday, January 22 by Barclays Capital. Credit Suisse downgraded the shares of BIP in report on Friday, February 10 to “Neutral” rating. As per Wednesday, January 13, the company rating was upgraded by Raymond James. As per Monday, September 19, the company rating was maintained by Citigroup. On Thursday, August 6 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Outperform” rating given on Thursday, February 4 by RBC Capital Markets. The company was upgraded on Friday, June 16 by Credit Suisse.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.07, from 0.9 in 2016Q3. It improved, 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. Brandes Invest Prtn Ltd Partnership holds 2.58% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 3.63M shares. Moreover, Boyer & Corporon Wealth Management Llc has 2.03% invested in Bank of New York Mellon Corp (NYSE:BK) for 92,133 shares. Fifth Third Fincl Bank holds 0.06% or 181,683 shares. Amer National Registered Invest Advisor Inc holds 0.44% or 20,339 shares in its portfolio. Blackrock Limited Liability Company has invested 0.11% in Bank of New York Mellon Corp (NYSE:BK). Peapack Gladstone Corporation invested in 0% or 9,818 shares. Northpointe Ltd Limited Liability Company reported 69,978 shares. Fil Ltd has 6.13M shares. Parkside Finance Financial Bank Trust holds 0.03% in Bank of New York Mellon Corp (NYSE:BK) or 1,487 shares. Ls Inv Ltd Llc holds 0.12% or 36,472 shares in its portfolio. Kanawha Mgmt Ltd Co holds 39,052 shares or 0.31% of its portfolio. 5.91M are owned by Vulcan Value Prns Ltd Com. Livforsakringsbolaget Skandia Omsesidigt holds 0.19% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 79,489 shares. King Luther Management invested 0.02% in Bank of New York Mellon Corp (NYSE:BK). Cap One National Association invested 0.22% of its portfolio in Bank of New York Mellon Corp (NYSE:BK).

Analysts await Bank of New York Mellon Corp (NYSE:BK) to report earnings on July, 20. They expect $0.84 EPS, up 10.53% or $0.08 from last year’s $0.76 per share. BK’s profit will be $875.36M for 14.85 P/E if the $0.84 EPS becomes a reality. After $0.80 actual EPS reported by Bank of New York Mellon Corp for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

10-15 Associates Inc increased Barrick Gold Corp (NYSE:ABX) stake by 34,123 shares to 239,830 valued at $3.83 million in 2016Q4. It also upped Pepsico Inc (NYSE:PEP) stake by 40,765 shares and now owns 42,940 shares. Blackstone Group LP (NYSE:BX) was raised too.

Among 19 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. The Bank Of New York Mellon Corporation had 46 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, January 7, the company rating was upgraded by JP Morgan. Standpoint Research maintained the shares of BK in report on Sunday, August 9 with “Hold” rating. As per Friday, January 22, the company rating was maintained by UBS. On Wednesday, September 9 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was maintained by Bank of America with “Underperform” on Monday, May 29. CLSA maintained the stock with “Outperform” rating in Friday, September 23 report. Deutsche Bank maintained Bank of New York Mellon Corp (NYSE:BK) rating on Tuesday, January 26. Deutsche Bank has “Buy” rating and $44 target. Deutsche Bank maintained Bank of New York Mellon Corp (NYSE:BK) rating on Friday, May 27. Deutsche Bank has “Buy” rating and $50 target. Bank of America maintained the shares of BK in report on Friday, May 26 with “Underperform” rating. On Tuesday, July 21 the stock rating was maintained by Argus Research with “Buy”.

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