Tweedy Browne Company LLC, a successor to Tweedy & Co., was first established by Forrest Birchard Tweedy in 1920 as a dealer in closely held and inactively traded securities. The firm’s 96-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment advisor. The firm takes a value investing approach that focuses on long term investments very similar to Joel Greenblatt (Trades, Portfolio), Seth Klarman (Trades, Portfolio) and the founder of value investing Benjamin Graham.
During the first quarter, the Tweedy Browne (Trades, Portfolio) Global Value Fund purchased 1,315,780 shares of Bank of New York Mellon Corp. (BK, Financial).
Bank of New York Mellon was founded by  Alexander Hamilton in 1784, and is today the longest running bank in the U.S. The company bases their 230 years of existence by consistently looking to invest in future innovation. The Bank of New York Mellon was the first bank to offer the first tax exempt funds, the first commodity ETFs and the first mobile securities processing application. Today, the company oversees $28.9 trillion dollars as an investment services company and has become one of the world's largest investment management companies across 35 countries in 100 markets worldwide.
The Bank of New York Mellon has a market cap of $43.87 billion, a P/E ratio of 14.72, a P/B ratio of 1.22 and a dividend yield of 1.66.
The Bank of New York Mellon has one good sign according to GuruFocus. The company operating margin is currently in expansion with an operating margin of 27.99%. The company has increased its operation expansion by an average of 1% over the previous five years.
Below is a Peter Lynch Chart for Bank of New York Mellon Corp.
It is likely that the Tweedy Browne (Trades, Portfolio) Global Value purchased 1,315,780 shares of Bank of New York Mellon because the company has over 230 years of experience while successfully expanding its business operations. The company also has strong operating income growing at an average annual rate of 24.3% over the past five years.
Cheers to your investment success.
Disclosure: Author does not currently own any shares of this company.
