NYSE:BK - Bank of New York Mellon Stock Price, Forecast & News

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

Bank of New York Mellon declared a quarterly dividend on Thursday, January 16th. Investors of record on Monday, January 27th will be given a dividend of $0.31 per share on Friday, February 7th. This represents a $1.24 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, January 24th. View Bank of New York Mellon's Dividend History.

Bank of New York Mellon declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 27th 2019, which allows the company to repurchase $3,940,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Bank of New York Mellon Corp (NYSE:BK) issued its quarterly earnings data on Thursday, January, 16th. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.99 by $0.02. The bank earned $3.99 billion during the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a net margin of 19.31% and a return on equity of 10.57%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. View Bank of New York Mellon's Earnings History.

Bank of New York Mellon is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Bank of New York Mellon.

12 analysts have issued 1-year price objectives for Bank of New York Mellon's stock. Their forecasts range from $45.00 to $58.00. On average, they expect Bank of New York Mellon's stock price to reach $51.70 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View Analyst Price Targets for Bank of New York Mellon.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of New York Mellon.

News headlines about BK stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bank of New York Mellon earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Bank of New York Mellon.

Bank of New York Mellon saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 7,470,000 shares, a decrease of 17.5% from the December 15th total of 9,050,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the shares of the company are short sold. View Bank of New York Mellon's Current Options Chain.

Some companies that are related to Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Ares Capital (ARCC), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM), Cohen & Steers (CNS) and Main Street Capital (MAIN).

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), Walmart (WMT), Walt Disney (DIS), Johnson & Johnson (JNJ), Wells Fargo & Co (WFC), Intel (INTC), Citigroup (C) and Mcdonald's (MCD).

Bank of New York Mellon's stock is owned by a variety of of institutional and retail investors. Top institutional investors include PGGM Investments (0.15%), Cacti Asset Management LLC (0.08%), Tocqueville Asset Management L.P. (0.04%), Calamos Advisors LLC (0.04%), Stewart & Patten Co. LLC (0.03%) and 6 Meridian (0.02%). Company insiders that own Bank of New York Mellon stock include Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons, Trian Fund Management, LP and William M Daley. View Institutional Ownership Trends for Bank of New York Mellon.

BK stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, PGGM Investments, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Commerzbank Aktiengesellschaft FI, State of Alaska Department of Revenue, Guardian Investment Management, Stewart & Patten Co. LLC and Beacon Financial Group. Company insiders that have sold Bank of New York Mellon company stock in the last year include Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. View Insider Buying and Selling for Bank of New York Mellon.

BK stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Cacti Asset Management LLC, Assenagon Asset Management S.A., Cullinan Associates Inc., Diversified Trust Co, UNIVEST FINANCIAL Corp, DNB Asset Management AS and Raymond James Trust N.A.. Company insiders that have bought Bank of New York Mellon stock in the last two years include Trian Fund Management, LP and William M Daley. View Insider Buying and Selling for Bank of New York Mellon.

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

One share of BK stock can currently be purchased for approximately $46.18.

Bank of New York Mellon has a market capitalization of $42.59 billion and generates $19.23 billion in revenue each year. The bank earns $4.27 billion in net income (profit) each year or $4.21 on an earnings per share basis. Bank of New York Mellon employs 51,300 workers across the globe.View Additional Information About Bank of New York Mellon.

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

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]