Bank of New York Mellon Stock Price, News & Analysis (NYSE:BK)

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BK, but not buy additional shares or sell existing shares.
View BK analyst ratings or view top-rated stocks.

9 equities research analysts have issued 12-month price targets for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $62.00. On average, they expect the company's stock price to reach $52.60 in the next year. This suggests a possible upside of 10.7% from the stock's current price.
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Bank of New York Mellon's stock was trading at $45.52 at the start of the year. Since then, BK shares have increased by 4.4% and is now trading at $47.52.
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Bank of New York Mellon saw a increase in short interest in November. As of November 15th, there was short interest totaling 9,320,000 shares, an increase of 21.7% from the October 31st total of 7,660,000 shares. Based on an average trading volume of 4,750,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.2% of the company's stock are short sold.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024.
View our BK earnings forecast.

Bank of New York Mellon will be holding an earnings conference call on Friday, January 12th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

The Bank of New York Mellon Co. (NYSE:BK) posted its earnings results on Tuesday, October, 17th. The bank reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.12. The bank had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.32 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 11.84% and a net margin of 11.81%. Bank of New York Mellon's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share.
Read the conference call transcript.

Bank of New York Mellon announced a quarterly dividend on Tuesday, October 17th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.42 per share on Thursday, November 9th. This represents a $1.68 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, October 26th.
Read our dividend analysis for BK.

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.45%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 34.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

ETFs with the largest weight of Bank of New York Mellon (NYSE:BK) stock in their portfolio include Davis Select Financial ETF (DFNL), Invesco KBW Bank ETF (KBWB), USCF Dividend Income Fund (UDI), Davis Select U.S. Equity ETF (DUSA), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), VanEck Morningstar Global Wide Moat ETF (MOTG), American Century Focused Large Cap Value ETF (FLV) and Gabelli Financial Services Opportunities ETF (GABF).

378 employees have rated Bank of New York Mellon Chief Executive Officer Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of New York Mellon investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

Bank of New York Mellon's stock is owned by a number of retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (2.55%), First Eagle Investment Management LLC (2.11%), Davis Selected Advisers (1.69%), FMR LLC (1.55%), American Century Companies Inc. (1.39%) and Northern Trust Corp (1.23%). Insiders that own company stock include J Kevin Mccarthy, Kurtis R Kurimsky, Salla Francis J La and Thomas P Gibbons.
View institutional ownership trends.

Shares of BK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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