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

18 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 1 sell rating, 7 hold ratings and 10 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 is scheduled to release its next quarterly earnings announcement on Friday, April 16th 2021.
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The Bank of New York Mellon will be holding an earnings conference call on Friday, April 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

The Bank of New York Mellon Co. (NYSE:BK) posted its earnings results on Tuesday, January, 19th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.05. The bank had revenue of $3.84 billion for the quarter, compared to analysts' expectations of $3.84 billion. The Bank of New York Mellon had a net margin of 23.09% and a trailing twelve-month return on equity of 9.89%. The Bank of New York Mellon's revenue was down 19.6% on a year-over-year basis. During the same period in the previous year, the company earned $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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BK shares have increased by 31.7% and is now trading at $45.03.
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The Bank of New York Mellon declared a quarterly dividend on Wednesday, January 20th. Shareholders of record on Monday, February 1st will be given a dividend of $0.31 per share on Friday, February 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, January 29th.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.78%. The Bank of New York Mellon does not yet have a strock track record of dividend growth. The dividend payout ratio of The Bank of New York Mellon is 30.85%. 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 30.10% 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 share repurchase program on Thursday, June 27th 2019, which permits the company to repurchase $3,940,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

18 brokers have issued twelve-month price targets for The Bank of New York Mellon's shares. Their forecasts range from $39.00 to $59.00. On average, they anticipate The Bank of New York Mellon's stock price to reach $47.62 in the next twelve months. This suggests a possible upside of 5.7% 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), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), C3.ai (AI), SEI Investments (SEIC), Eaton Vance (EV), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC) and Main Street Capital (MAIN).
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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 Dodge & Cox (6.93%), BlackRock Inc. (6.37%), Longview Partners Guernsey LTD (2.65%), FMR LLC (2.53%), Artisan Partners Limited Partnership (2.10%) and Davis Selected Advisers (1.74%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, Edward P Garden, J Kevin Mccarthy, Mitchell E Harris, Thomas P Gibbons, Trian Fund Management, LP and William M Daley.
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 Longview Partners Guernsey LTD, AJO LP, Barrow Hanley Mewhinney & Strauss LLC, Carlson Capital L P, Jupiter Asset Management Ltd., Dodge & Cox, Tweedy Browne Co LLC, and PGGM Investments. Company insiders that have sold The Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, and Mitchell E Harris.
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BK stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., FMR LLC, Artisan Partners Limited Partnership, Principal Financial Group Inc., Van ECK Associates Corp, Renaissance Technologies LLC, and Prana Capital Management LP.
View insider buying and selling activity for The Bank of New York Mellon or or view top insider-buying stocks.

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 $45.03.

The Bank of New York Mellon has a market capitalization of $39.57 billion and generates $20.77 billion in revenue each year. The bank earns $4.44 billion in net income (profit) each year or $4.02 on an earnings per share basis.

The Bank of New York Mellon employs 48,500 workers across the globe.

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]