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Lazard Asset Management Has Boosted Position in Bony (BK) as Market Value Declined; Massachusetts Financial Services Company Holding in Curtiss Wright (CW) Boosted by $2.67 Million

The Bank of New York Mellon Corporation (NYSE:BK) Logo

Massachusetts Financial Services Company increased its stake in Curtiss Wright Corp (CW) by 5.69% based on its latest 2018Q3 regulatory filing with the SEC. Massachusetts Financial Services Company bought 19,457 shares as the company’s stock declined 23.08% with the market. The institutional investor held 361,433 shares of the industrial machinery and components company at the end of 2018Q3, valued at $49.67M, up from 341,976 at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Curtiss Wright Corp for a number of months, seems to be bullish on the $4.68 billion market cap company. The stock decreased 0.53% or $0.57 during the last trading session, reaching $106.88. About 52,948 shares traded. Curtiss-Wright Corporation (NYSE:CW) has declined 16.25% since January 14, 2018 and is downtrending. It has underperformed by 16.25% the S&P500. Some Historical CW News: 02/05/2018 – Curtiss-Wright Cuts 2018 View To EPS $5.47-EPS $5.62; 17/04/2018 – Curtiss-Wright Awarded $85 M Contract to Support U.S. Navy’s Ford-Class Aircraft Carrier Program; 22/04/2018 – DJ Curtiss-Wright Corporation, Inst Holders, 1Q 2018 (CW); 21/05/2018 – Curtiss-Wright To Utilize $50 Million In Repatriated Foreign Cash To Expand 2018 Share Repurchase Program; 17/04/2018 – Curtiss-Wright Awarded $85 Million Contract to Support U.S. Navy’s Ford-Class Aircraft Carrier Program; 02/05/2018 – Curtiss-Wright 1Q EPS 98c; 02/05/2018 – Curtiss-Wright 1Q Net $43.6M; 02/05/2018 – CURTISS-WRIGHT 1Q EPS 98C, EST. 87C; 30/04/2018 – ONTIC BUYS NEW PRODUCT LINE FROM CURTISS-WRIGHT CONTROLS; 26/04/2018 – Curtiss-Wright to Participate in Wells Fargo 2018 Industrials Conference

Lazard Asset Management Llc increased its stake in Bony (BK) by 726.79% based on its latest 2018Q3 regulatory filing with the SEC. Lazard Asset Management Llc bought 17,036 shares as the company’s stock declined 8.59% with the market. The institutional investor held 19,380 shares of the major banks company at the end of 2018Q3, valued at $988,000, up from 2,344 at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in Bony for a number of months, seems to be bullish on the $48.17B market cap company. The stock increased 1.33% or $0.64 during the last trading session, reaching $48.72. About 1.88M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has declined 12.28% since January 14, 2018 and is downtrending. It has underperformed by 12.28% the S&P500. Some Historical BK News: 22/05/2018 – BNY Mellon’s Pershing Advisor Solutions Selected as Custodial Partner by Newly Launched Dakota Wealth Management; 12/03/2018 – 62BZ: Bank of New York Mellon: FRN Variable Rate Fix; 25/04/2018 – 15LT: Bank of New York Mellon: FRN Variable Rate Fix; 13/03/2018 – BNY Mellon Continues to Take Long-Term View (Video); 24/05/2018 – Bank of New York Mellon Presenting at Conference May 30; 13/03/2018 – Moody’s assigns P-1 to LIPA’s Electric System Revenue Notes Series 2015 GR-4, GR-5 and GR-6; and affirms P-1 on Series 2015 GR-2; 05/04/2018 – SWIBER HOLDINGS LTD – BANK OF NEW YORK MELLON, SINGAPORE, NOTIFIED CO THAT SERIES 001 TRUST CERTIFICATES ARE IMMEDIATELY PAYABLE; 05/03/2018 – BANK OF NEW YORK MELLON CORP BK.N : DEUTSCHE BANK RAISES TARGET PRICE TO $65 FROM $64; 09/03/2018 – 12YO: Bank of New York Mellon: FRN Variable Rate Fix; 11/05/2018 – 78ZD: Bank of New York Mellon: FRN Variable Rate Fix

Massachusetts Financial Services Company, which manages about $242.82 billion US Long portfolio, decreased its stake in Teladoc Health Inc by 84,292 shares to 225,947 shares, valued at $19.51M in 2018Q3, according to the filing. It also reduced its holding in Q2 Hldgs Inc (NYSE:QTWO) by 28,529 shares in the quarter, leaving it with 277,027 shares, and cut its stake in Lazard Ltd (NYSE:LAZ).

Since August 21, 2018, it had 2 insider buys, and 7 sales for $1.42 million activity. Adams David Charles also sold $610,894 worth of Curtiss-Wright Corporation (NYSE:CW) on Friday, November 23. $230,571 worth of Curtiss-Wright Corporation (NYSE:CW) was sold by Quinly Tom P on Friday, November 23. FULLER S MARCE sold $166,338 worth of stock. $22,537 worth of stock was bought by Heise Rita J. on Thursday, October 4. Another trade for 1,668 shares valued at $181,362 was made by Ferdenzi Paul J on Friday, November 23. The insider Hoechner Bruce D. bought 470 shares worth $50,364.

Among 11 analysts covering Curtiss-Wright (NYSE:CW), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Curtiss-Wright had 30 analyst reports since July 31, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 31 report. SunTrust initiated Curtiss-Wright Corporation (NYSE:CW) on Thursday, January 19 with “Hold” rating. CL King initiated the stock with “Buy” rating in Friday, October 16 report. The firm has “Buy” rating by SunTrust given on Monday, January 8. As per Thursday, January 19, the company rating was initiated by Suntrust Robinson. The stock of Curtiss-Wright Corporation (NYSE:CW) has “Outperform” rating given on Tuesday, January 16 by Wells Fargo. The stock of Curtiss-Wright Corporation (NYSE:CW) has “Buy” rating given on Monday, December 5 by Deutsche Bank. Deutsche Bank maintained Curtiss-Wright Corporation (NYSE:CW) rating on Friday, October 6. Deutsche Bank has “Buy” rating and $125.0 target. The firm has “Buy” rating by SunTrust given on Thursday, October 26. The stock of Curtiss-Wright Corporation (NYSE:CW) earned “Neutral” rating by Bank of America on Friday, November 11.

Investors sentiment decreased to 1.11 in 2018 Q3. Its down 0.10, from 1.21 in 2018Q2. It dived, as 15 investors sold CW shares while 96 reduced holdings. 39 funds opened positions while 84 raised stakes. 32.07 million shares or 1.04% less from 32.41 million shares in 2018Q2 were reported. Comml Bank Of Ny Mellon Corp holds 0.03% of its portfolio in Curtiss-Wright Corporation (NYSE:CW) for 866,619 shares. Massachusetts Svcs Com Ma, Massachusetts-based fund reported 361,433 shares. Morgan Stanley reported 128,505 shares. 426,699 were accumulated by Artisan Prtn Ltd Partnership. 214,967 are owned by American Century Companies. Renaissance Lc accumulated 43,900 shares. State Board Of Administration Of Florida Retirement Sys holds 39,635 shares. Bessemer Group invested 0.01% in Curtiss-Wright Corporation (NYSE:CW). Jacobs Levy Equity Management reported 6,888 shares. Employees Retirement Association Of Colorado invested 0.12% of its portfolio in Curtiss-Wright Corporation (NYSE:CW). D E Shaw And Com invested 0.03% of its portfolio in Curtiss-Wright Corporation (NYSE:CW). Quantbot Technology LP reported 10,303 shares. Alps reported 0% in Curtiss-Wright Corporation (NYSE:CW). Invesco holds 185,883 shares. Balyasny Asset Mgmt Ltd Llc owns 13,372 shares.

More notable recent Curtiss-Wright Corporation (NYSE:CW) news were published by: Bizjournals.com which released: “Curtiss-Wright to acquire German-based Dresser-Rand for $212.5 million – Charlotte Business Journal” on February 20, 2018, also Seekingalpha.com with their article: “Curtiss-Wright unit settles Navy allegations – Seeking Alpha” published on October 16, 2018, Benzinga.com published: “Earnings Scheduled For July 25, 2018 – Benzinga” on July 25, 2018. More interesting news about Curtiss-Wright Corporation (NYSE:CW) were released by: Seekingalpha.com and their article: “Curtiss-Wright Corporation 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on July 26, 2018 as well as Seekingalpha.com‘s news article titled: “Curtiss-Wright Corporation 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” with publication date: October 31, 2018.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 10 have Buy rating, 4 Sell and 11 Hold. Therefore 40% are positive. The Bank Of New York Mellon Corporation had 92 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained The Bank of New York Mellon Corporation (NYSE:BK) on Wednesday, October 7 with “Hold” rating. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 6 report. The firm has “Hold” rating by Sandler O’Neill given on Thursday, January 18. JP Morgan upgraded the stock to “Overweight” rating in Thursday, January 7 report. The stock has “Hold” rating by on Monday, October 10. Morgan Stanley maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Friday, April 20. Morgan Stanley has “Overweight” rating and $68 target. The firm earned “Buy” rating on Friday, August 5 by Deutsche Bank. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by UBS on Friday, January 22. On Thursday, June 16 the stock rating was maintained by Deutsche Bank with “Buy”. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods.

More news for The Bank of New York Mellon Corporation (NYSE:BK) were recently published by: Seekingalpha.com, which released: “Bank Of New York Mellon; Is This What Warren Buffett Saw? – Seeking Alpha” on December 06, 2018. Businesswire.com‘s article titled: “John Robertshaw, Co-Founder & Chairman of iCapital and Former Vice Chairman of Credit Suisse Securities USA, Joins Star Mountain as a Senior Advisor – Business Wire” and published on January 09, 2019 is yet another important article.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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