Dodge & Cox discloses 3.7% BNY Mellon (NYSE: BK) ownership in 13G/A filing
Rhea-AI Filing Summary
Dodge & Cox has filed an amended Schedule 13G reporting its ownership in The Bank of New York Mellon Corporation. The firm reports beneficial ownership of 25,811,239 shares of common stock, representing 3.7% of the outstanding class as of the stated date.
Dodge & Cox has sole voting power over 24,727,189 shares and sole dispositive power over 25,811,239 shares, with no shared voting or dispositive authority. The filing notes that the shares were acquired and are held in the ordinary course of business and are not intended to change or influence control of the company.
Positive
- None.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of The Bank of New York Mellon (BK) does Dodge & Cox own?
Dodge & Cox reports beneficial ownership of 3.7% of The Bank of New York Mellon’s common stock. This corresponds to 25,811,239 shares, as disclosed in the Schedule 13G/A, reflecting its position as an institutional shareholder below the 5% threshold.
Is Dodge & Cox seeking to influence control of The Bank of New York Mellon?
Dodge & Cox certifies that the BK securities were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose of changing or influencing control of the issuer.
Why is Dodge & Cox filing a Schedule 13G/A for BK?
Dodge & Cox files a Schedule 13G/A as a beneficial owner of Bank of New York Mellon shares. This amendment updates its reported holdings and confirms its status as a passive institutional investor under the applicable ownership reporting rules.