The Bank of New York Mellon Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" The Bank of New York Mellon stock.
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The Bank of New York Mellon saw a increase in short interest in August. As of August 13th, there was short interest totaling 10,040,000 shares, an increase of 17.2% from the July 29th total of 8,570,000 shares. Based on an average daily trading volume, of 4,550,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the company's shares are short sold.
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The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for The Bank of New York Mellon.

The Bank of New York Mellon Co. (NYSE:BK) announced its earnings results on Wednesday, July, 14th. The bank reported $1.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.13. The bank earned $3.96 billion during the quarter, compared to the consensus estimate of $3.86 billion. The Bank of New York Mellon had a net margin of 22.86% and a trailing twelve-month return on equity of 9.27%. The Bank of New York Mellon's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share.
View The Bank of New York Mellon's earnings history.

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BK stock has increased by 44.2% and is now trading at $49.30.
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The Bank of New York Mellon declared a quarterly dividend on Thursday, July 15th. Shareholders of record on Tuesday, July 27th will be given a dividend of $0.34 per share on Monday, August 9th. This represents a $1.36 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, July 26th. This is a boost from The Bank of New York Mellon's previous quarterly dividend of $0.31.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.74%. The Bank of New York Mellon does not yet have a strong track record of dividend growth. The dividend payout ratio of The Bank of New York Mellon is 33.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Bank of New York Mellon will have a dividend payout ratio of 29.44% next year. This indicates that The Bank of New York Mellon will be able to sustain or increase its dividend.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon announced that its board has initiated a stock repurchase plan on Monday, June 28th 2021, which allows the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

13 brokers have issued 12 month price objectives for The Bank of New York Mellon's stock. Their forecasts range from $41.00 to $60.00. On average, they expect The Bank of New York Mellon's share price to reach $53.31 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
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378 employees have rated The Bank of New York Mellon CEO Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among The Bank of New York Mellon's employees.

Some companies that are related to The Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), State Street (STT), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), Ares Capital (ARCC), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other The 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), The Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

The Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the ticker symbol "BK."

The Bank of New York Mellon's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.08%), Dodge & Cox (7.15%), BlackRock Inc. (6.55%), State Street Corp (4.38%), FMR LLC (2.52%) and Artisan Partners Limited Partnership (2.37%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris and Salla Francis J La.
View institutional ownership trends for The Bank of New York Mellon.

BK stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Man Group plc, BlackRock Inc., Longview Partners Guernsey LTD, Van ECK Associates Corp, FMR LLC, Massachusetts Financial Services Co. MA, and Marshall Wace North America L.P.. Company insiders that have sold The Bank of New York Mellon company stock in the last year include J Kevin Mccarthy, Kurtis R Kurimsky, and Salla Francis J La.
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BK stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Amundi, LSV Asset Management, Morgan Stanley, Morgan Stanley, Natixis, Parnassus Investments CA, and Hotchkis & Wiley Capital Management LLC.
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Shares of BK 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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One share of BK stock can currently be purchased for approximately $49.30.

The Bank of New York Mellon has a market capitalization of $42.55 billion and generates $16.94 billion in revenue each year. The bank earns $3.62 billion in net income (profit) each year or $4.01 on an earnings per share basis.

The Bank of New York Mellon employs 2,018 workers across the globe.

The following companies are subsidiares of The Bank of New York Mellon: BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Markets Limited, BNY Mellon Capital Markets LLC, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon National Association, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, and Walter Scott & Partners Limited.

The Bank of New York Mellon was founded in 1784.

The official website for The Bank of New York Mellon is www.bnymellon.com.

The Bank of New York Mellon is headquartered at 240 GREENWICH STREET, NEW YORK NY, 10286.

The Bank of New York Mellon's mailing address is 240 GREENWICH STREET, NEW YORK NY, 10286. The bank can be reached via phone at (212) 495-1784 or via email at [email protected].