Riverpoint Capital Management Lowered Its Kroger Co (KR) Stake; Ontario Teachers Pension Plan Board Has Raised Bank New York Mellon (BK) Stake

January 14, 2018 - By Stephen Andrade

Ontario Teachers Pension Plan Board increased Bank New York Mellon Corp (BK) stake by 27.43% reported in 2017Q3 SEC filing. Ontario Teachers Pension Plan Board acquired 37,370 shares as Bank New York Mellon Corp (BK)’s stock declined 1.27%. The Ontario Teachers Pension Plan Board holds 173,590 shares with $9.20M value, up from 136,220 last quarter. Bank New York Mellon Corp now has $59.82 billion valuation. The stock increased 1.02% or $0.59 during the last trading session, reaching $58.42. About 3.48M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 14, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

Riverpoint Capital Management Llc decreased Kroger Co (KR) stake by 35.48% reported in 2017Q3 SEC filing. Riverpoint Capital Management Llc sold 16,109 shares as Kroger Co (KR)’s stock declined 14.05%. The Riverpoint Capital Management Llc holds 29,297 shares with $588,000 value, down from 45,406 last quarter. Kroger Co now has $24.80 billion valuation. The stock increased 0.21% or $0.06 during the last trading session, reaching $28.14. About 10.08 million shares traded. The Kroger Co. (NYSE:KR) has declined 16.08% since January 14, 2017 and is downtrending. It has underperformed by 32.78% the S&P500.

Analysts await The Kroger Co. (NYSE:KR) to report earnings on March, 1. They expect $0.60 earnings per share, up 13.21% or $0.07 from last year’s $0.53 per share. KR’s profit will be $528.83 million for 11.73 P/E if the $0.60 EPS becomes a reality. After $0.44 actual earnings per share reported by The Kroger Co. for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Among 34 analysts covering Kroger (NYSE:KR), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Kroger had 97 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Friday, December 4. The firm earned “Hold” rating on Monday, September 11 by Jefferies. The company was maintained on Monday, March 7 by Oppenheimer. Credit Suisse maintained it with “Neutral” rating and $36 target in Friday, January 22 report. The stock has “Buy” rating by Goldman Sachs on Tuesday, July 26. Argus Research maintained the shares of KR in report on Monday, December 14 with “Buy” rating. Citigroup maintained the stock with “Buy” rating in Tuesday, December 26 report. Telsey Advisory Group maintained the shares of KR in report on Friday, December 4 with “Outperform” rating. SunTrust maintained the stock with “Hold” rating in Thursday, October 12 report. On Friday, January 5 the stock rating was upgraded by Jefferies to “Buy”.

Since December 19, 2017, it had 0 insider buys, and 1 sale for $446,327 activity. HJELM CHRISTOPHER T had sold 16,530 shares worth $446,327 on Tuesday, December 19.

Riverpoint Capital Management Llc increased Bankunited Inc (NYSE:BKU) stake by 14,597 shares to 411,137 valued at $14.62 million in 2017Q3. It also upped Allergan Plc stake by 4,046 shares and now owns 58,732 shares. Chevron Corp New (NYSE:CVX) was raised too.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.12, from 1 in 2017Q2. It dropped, as 94 investors sold KR shares while 232 reduced holdings. 91 funds opened positions while 196 raised stakes. 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. 36,771 are owned by Prelude Mngmt Limited Liability Corp. Advisers Limited Liability Corporation, California-based fund reported 35,163 shares. State Of Tennessee Treasury Department holds 0.02% of its portfolio in The Kroger Co. (NYSE:KR) for 244,157 shares. Stock Yards State Bank & Communication has invested 0.09% in The Kroger Co. (NYSE:KR). Foster And Motley holds 121,774 shares or 0.42% of its portfolio. 14,139 are owned by Benjamin F Edwards And Company. Hexavest owns 1.95 million shares. Ontario – Canada-based Manufacturers Life Insur Com The has invested 0.02% in The Kroger Co. (NYSE:KR). St Johns Investment Management Limited Liability Company has 0.47% invested in The Kroger Co. (NYSE:KR). Regent Invest Lc reported 16,200 shares. 1.31 million were accumulated by State Of New Jersey Common Pension Fund D. Oakworth Cap stated it has 0.07% in The Kroger Co. (NYSE:KR). Schwab Charles Inv Mgmt invested in 3.71M shares. State Of Wisconsin Inv Board stated it has 0.05% of its portfolio in The Kroger Co. (NYSE:KR). Dynamic Advsrs Solutions Ltd Liability, Arizona-based fund reported 15,996 shares.

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. Kentucky Retirement Systems Trust Fund owns 27,497 shares for 0.26% of their portfolio. New York-based Alliancebernstein LP has invested 0.07% in The Bank of New York Mellon Corporation (NYSE:BK). Marco Inv holds 72,000 shares or 0.6% of its portfolio. Clearbridge Investments Ltd Liability has 0.44% invested in The Bank of New York Mellon Corporation (NYSE:BK). Trust Com Of Oklahoma has 19,672 shares for 0.52% of their portfolio. Aviva Pcl reported 645,226 shares. Moreover, Eagle Capital Mngmt Limited Liability Company has 0% invested in The Bank of New York Mellon Corporation (NYSE:BK). Chesapeake Asset Mngmt Lc accumulated 12,752 shares. Jolley Asset Management Limited Com reported 155 shares. Jefferies Group Inc Llc holds 0.04% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 103,869 shares. Rothschild Asset Inc stated it has 0.01% in The Bank of New York Mellon Corporation (NYSE:BK). Moors Cabot stated it has 40,538 shares or 0.31% of all its holdings. Andra Ap reported 107,200 shares. Btim Corporation holds 4,587 shares or 0% of its portfolio. Atria Invs Ltd Liability Corporation holds 0.03% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 11,392 shares.

Ontario Teachers Pension Plan Board decreased Colgate Palmolive Co (NYSE:CL) stake by 4,578 shares to 113,657 valued at $8.28M in 2017Q3. It also reduced American Elec Pwr Inc (NYSE:AEP) stake by 36,733 shares and now owns 117,090 shares. Berkshire Hathaway Inc Del (BRKB) was reduced too.

Among 23 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Neutral” rating by Buckingham Research on Monday, November 21. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Jefferies on Wednesday, October 7. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating given on Tuesday, July 21 by Argus Research. Jefferies maintained the shares of BK in report on Thursday, October 19 with “Hold” rating. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Friday, October 21. The firm has “Hold” rating given on Monday, October 10 by . Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) on Friday, August 5 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, June 16 report. The rating was maintained by Deutsche Bank on Friday, July 21 with “Buy”.

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