As Rio Tinto Plc (RIO) Shares Declined, Gabalex Capital Management Has Raised Holding; As Bank New York Mellon (BK) Market Value Declined, Longview Partners Guernsey LTD Raised Position

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Gabalex Capital Management Llc increased its stake in Rio Tinto Plc (RIO) by 100% based on its latest 2018Q3 regulatory filing with the SEC. Gabalex Capital Management Llc bought 125,000 shares as the company’s stock declined 2.43% with the market. The hedge fund held 250,000 shares of the precious metals company at the end of 2018Q3, valued at $12.76M, up from 125,000 at the end of the previous reported quarter. Gabalex Capital Management Llc who had been investing in Rio Tinto Plc for a number of months, seems to be bullish on the $82.45B market cap company. The stock decreased 0.16% or $0.08 during the last trading session, reaching $50.51. About 1.50 million shares traded. Rio Tinto plc (NYSE:RIO) has declined 3.72% since January 12, 2018 and is downtrending. It has underperformed by 3.72% the S&P500. Some Historical RIO News: 19/04/2018 – UNITED STEELWORKERS SAYS MEMBERS OF STEELWORKERS LOCAL 9344 SEPT-ILES, QUEBEC, HAVE VOTED BY A 94 PCT MAJORITY TO REJECT IOC CONTRACT OFFER; 10/05/2018 – ALCOA, RIO TINTO TO INVEST C$55M OVER NEXT 3 YRS; 30/04/2018 – RIO TINTO SAYS INTENDS TO ‘VIGOROUSLY DEFEND ITSELF’ IN COURT; 20/03/2018 – RIO TINTO LTD RIO.AX – SEPARATE PROCESS UNDERWAY TO SELL RIO TINTO’S REMAINING AUSTRALIAN COAL ASSETS; 17/04/2018 – Rio Tinto Says About 65% of Pilbara Trains in Auto-mode at 1Q-end; 27/03/2018 – RIO TINTO TRANSACTION IS SUBJECT TO CUSTOMARY CONDITIONS; 30/04/2018 – RIO TINTO SAYS ASIC’S MOZAMBIQUE CHARGES `WHOLLY UNWARRANTED’; 13/04/2018 – RIO TINTO PLC – AGREEMENTS ALSO INCLUDE OFFTAKE CONTRACTS FOR ALUMINA THAT ARE USED AT RIO TINTO’S SMELTERS, MAINLY IN FRANCE AND ICELAND; 22/05/2018 – Rio Tinto confirms talks over $3.5bn Indonesia mine exit; 17/04/2018 – RIO TINTO LTD – QTRLY PILBARA IRON ORE SHIPMENTS (100 PCT BASIS) 80.3 MT VS 76.7 MT A YEAR AGO

Longview Partners Guernsey Ltd increased its stake in Bank New York Mellon Corp (BK) by 0.71% based on its latest 2018Q3 regulatory filing with the SEC. Longview Partners Guernsey Ltd bought 124,800 shares as the company’s stock declined 8.59% with the market. The institutional investor held 17.77 million shares of the major banks company at the end of 2018Q3, valued at $906.29M, up from 17.65M at the end of the previous reported quarter. Longview Partners Guernsey Ltd who had been investing in Bank New York Mellon Corp for a number of months, seems to be bullish on the $47.54 billion market cap company. The stock increased 1.29% or $0.61 during the last trading session, reaching $48.08. About 3.70M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has declined 12.28% since January 12, 2018 and is downtrending. It has underperformed by 12.28% the S&P500. Some Historical BK News: 13/03/2018 – CRUIKSHANK SAYS BNY ADVICE TO CLIENTS TO TAKE LONG-TERM VIEW; 15/05/2018 – 32XF: Bank of New York Mellon: FRN Variable Rate Fix; 08/05/2018 – Endowment Plans Beat First Dip in Plan Sponsor Returns Since 3Q 2016, according to BNY Mellon U.S. Master Trust Universe/Asset Strategy View┬«; 18/04/2018 – 51UO: Bank of New York Mellon: FRN Variable Rate Fix; 17/05/2018 – REG-Bank of New York Mellon ISSUER ISIN CCY Nominal Markdown Amount Remaining Balance Value date Early Repurchase(s); 24/04/2018 – 59TF: Bank of New York Mellon: FRN Variable Rate Fix; 27/03/2018 – 30FR: Bank of New York Mellon: FRN Variable Rate Fix; 14/03/2018 – 45XX: Bank of New York Mellon: FRN Variable Rate Fix; 17/05/2018 – 36AK: Bank of New York Mellon: FRN Variable Rate Fix; 15/03/2018 – 35GO: Bank of New York Mellon: FRN Variable Rate Fix

Investors sentiment decreased to 0.74 in 2018 Q3. Its down 0.19, from 0.93 in 2018Q2. It dived, as 49 investors sold BK shares while 342 reduced holdings. 80 funds opened positions while 208 raised stakes. 808.18 million shares or 1.01% less from 816.46 million shares in 2018Q2 were reported. Bb&T owns 14,211 shares for 0.01% of their portfolio. Benin Mngmt reported 5,985 shares. Connecticut-based Hartford Invest Mngmt has invested 0.19% in The Bank of New York Mellon Corporation (NYSE:BK). Bancorp Of America Corp De holds 4.78M shares. State Of Wisconsin Investment Board accumulated 1.19M shares or 0.17% of the stock. Marble Harbor Investment Counsel, a Massachusetts-based fund reported 7,923 shares. Alexandria Cap has 0.51% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 68,476 shares. First Foundation Advsrs reported 613,746 shares stake. Renaissance Technologies stated it has 0.01% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Oberweis Asset invested 0.05% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Boston Private Wealth Limited Liability Corporation owns 17,314 shares for 0.03% of their portfolio. Evergreen Cap Mngmt Limited Liability has 150,138 shares. Employees Retirement Systems Of Texas stated it has 290,098 shares or 0.2% of all its holdings. Farmers And Merchants has 4,951 shares for 0.02% of their portfolio. Regentatlantic Capital Ltd Liability reported 0.05% stake.

Longview Partners Guernsey Ltd, which manages about $19.52 billion and $20.26 billion US Long portfolio, decreased its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 1.71 million shares to 1.51 million shares, valued at $369.31 million in 2018Q3, according to the filing. It also reduced its holding in Fiserv Inc (NASDAQ:FISV) by 2.63 million shares in the quarter, leaving it with 2.22 million shares, and cut its stake in Allergan Plc.

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. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, April 19. The company was upgraded on Thursday, September 17 by Bank of America. Credit Suisse maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Friday, December 7. Credit Suisse has “Neutral” rating and $54 target. The rating was maintained by Citigroup with “Buy” on Friday, October 19. The firm has “Overweight” rating by JP Morgan given on Thursday, January 7. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 18. Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Friday, April 6. Deutsche Bank has “Buy” rating and $60 target. As per Friday, September 9, the company rating was maintained by Deutsche Bank. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, January 26 report. RBC Capital Markets maintained it with “Hold” rating and $58.0 target in Monday, November 13 report.

More news for The Bank of New York Mellon Corporation (NYSE:BK) were recently published by: Streetinsider.com, which released: “Exclusive: Goldman Sachs on course to launch cash management in mid-2020 – StreetInsider.com” on January 11, 2019. 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.

More notable recent Rio Tinto plc (NYSE:RIO) news were published by: Investingnews.com which released: “Rio Tinto Completes Sale of Grasberg Interest – Investing News Network” on December 21, 2018, also Seekingalpha.com with their article: “Rio Tinto’s Cape Lambert iron ore export terminal damaged by fire – Seeking Alpha” published on January 10, 2019, Investingnews.com published: “Rio Goes Robotic with Autonomous Trains – Investing News Network” on December 28, 2018. More interesting news about Rio Tinto plc (NYSE:RIO) were released by: Seekingalpha.com and their article: “Rio Tinto to extend delay for ex-CEO’s bonus amid Guinea probe – Seeking Alpha” published on January 02, 2019 as well as Seekingalpha.com‘s news article titled: “Rio Tinto wins power deal for Oyu Tolgoi copper mine in Mongolia – Seeking Alpha” with publication date: January 02, 2019.

Among 23 analysts covering Rio Tinto (NYSE:RIO), 12 have Buy rating, 4 Sell and 7 Hold. Therefore 52% are positive. Rio Tinto had 59 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, September 12 by JP Morgan. The rating was maintained by Jefferies on Monday, April 9 with “Buy”. The stock has “Overweight” rating by Morgan Stanley on Wednesday, October 7. The firm has “Underperform” rating given on Thursday, April 14 by CLSA. The rating was downgraded by RBC Capital Markets on Monday, October 23 to “Hold”. Citigroup downgraded Rio Tinto plc (NYSE:RIO) on Wednesday, October 12 to “Sell” rating. The stock of Rio Tinto plc (NYSE:RIO) has “Buy” rating given on Friday, April 7 by CLSA. The stock of Rio Tinto plc (NYSE:RIO) has “Hold” rating given on Tuesday, August 23 by Jefferies. Jefferies maintained the stock with “Buy” rating in Thursday, August 31 report. Liberium downgraded the shares of RIO in report on Thursday, October 29 to “Sell” rating.

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