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Bank of New York Mellon Corporation Sued By Knights of Columbus

Bank of New York Mellon Corp (NYSE:BK) is being targeted for allegedly violating state law while representing mortgage-bond investors, was accused ...

New Residential Investment Corp (NRZ) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of New Residential Investment Corp (NYSE:NRZ) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,024,110 shares of the real estate investment trust’s stock after purchasing an additional 9,874 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.89% of New Residential Investment worth $53,890,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in New Residential Investment by 26.6% during the 3rd quarter. Janus Henderson Group PLC now owns 165,585 shares of the real estate investment trust’s stock valued at $2,951,000 after purchasing an additional 34,774 shares during the period. Claraphi Advisory Network LLC acquired a new position in shares of New Residential Investment in the third quarter worth $284,000. Commonwealth Bank of Australia acquired a new position in New Residential Investment during the third quarter worth $434,000. MML Investors Services LLC increased its position in New Residential Investment by 14.2% during the third quarter. MML Investors Services LLC now owns 43,712 shares of the real estate investment trust’s stock worth $779,000 after buying an additional 5,445 shares during the last quarter. Finally, Ffcm LLC boosted its holdings in New Residential Investment by 1,863.1% during the third quarter. Ffcm LLC now owns 32,567 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 30,908 shares during the period. 52.42% of the stock is owned by institutional investors.

Bank of New York Mellon Corp Sells 45,582 Shares of Prosperity Bancshares, Inc. (PB)

Bank of New York Mellon Corp decreased its position in shares of Prosperity Bancshares, Inc. (NYSE:PB) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 797,471 shares of the bank’s stock after selling 45,582 shares during the period. Bank of New York Mellon Corp owned approximately 1.14% of Prosperity Bancshares worth $55,305,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PB. Victory Capital Management Inc. grew its holdings in shares of Prosperity Bancshares by 5,391.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,077,672 shares of the bank’s stock worth $144,086,000 after purchasing an additional 2,039,840 shares in the last quarter. American Century Companies Inc. acquired a new stake in Prosperity Bancshares in the third quarter valued at about $42,766,000. Findlay Park Partners LLP boosted its stake in Prosperity Bancshares by 15.4% in the third quarter. Findlay Park Partners LLP now owns 3,375,901 shares of the bank’s stock valued at $234,119,000 after buying an additional 451,326 shares in the last quarter. Millennium Management LLC acquired a new stake in Prosperity Bancshares in the second quarter valued at about $17,134,000. Finally, Raymond James & Associates acquired a new stake in Prosperity Bancshares in the second quarter valued at about $7,485,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Emergency Economic Stabilization Act. Failed?

First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.

Then it was about using $250 billion of it to buy stakes in banks.


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