NYSE:BK - Bank of New York Mellon Stock Price, Price Target & More

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

Bank of New York Mellon announced a quarterly dividend on Thursday, April 19th. Shareholders of record on Tuesday, May 1st will be given a dividend of $0.24 per share on Friday, May 11th. This represents a $0.96 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, April 30th. View Bank of New York Mellon's Dividend History.

Bank of New York Mellon declared that its board has approved a share repurchase program on Thursday, June 29th 2017, which permits the company to repurchase $3,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 5.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Bank of New York Mellon Corp (NYSE:BK) issued its quarterly earnings results on Thursday, April, 19th. The bank reported $1.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.14. The bank earned $4.18 billion during the quarter, compared to analysts' expectations of $4.04 billion. Bank of New York Mellon had a return on equity of 11.27% and a net margin of 25.20%. The firm's revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. View Bank of New York Mellon's Earnings History.

Bank of New York Mellon is scheduled to release their next quarterly earnings announcement on Thursday, July, 19th 2018. View Earnings Estimates for Bank of New York Mellon.

16 brokerages have issued 1-year target prices for Bank of New York Mellon's stock. Their predictions range from $52.00 to $68.00. On average, they expect Bank of New York Mellon's share price to reach $57.9063 in the next twelve months. View Analyst Ratings for Bank of New York Mellon.

Bank of New York Mellon saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 16,444,110 shares, an increase of 34.9% from the April 13th total of 12,189,392 shares. Based on an average daily trading volume, of 4,918,500 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.6% of the company's shares are sold short.

Some companies that are related to Bank of New York Mellon include Itau Unibanco (ITUB), Bank of Nova Scotia (BNS), Banco Bradesco (BBD), State Street (STT), M&T Bank (MTB), Banco Bradesco (BBDO), Deutsche Bank (DB), Northern Trust (NTRS), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH) and Western Alliance Bancorporation (WAL).

Headlines about BK stock have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of New York Mellon earned a coverage optimism score of 0.16 on Accern's scale. They also assigned news stories about the bank an impact score of 45.66 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Bank of New York Mellon's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.80%), Massachusetts Financial Services Co. MA (3.54%), First Eagle Investment Management LLC (1.89%), Trian Fund Management L.P. (1.60%), Artisan Partners Limited Partnership (1.35%) and Northern Trust Corp (1.20%). Company insiders that own Bank of New York Mellon stock include Brian T Shea, Bridget E Engle, Charles W Scharf, Edward P Garden, Gerald L Hassell, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons and Trian Fund Management, LP. 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 Sei Investments Co., Cortland Advisers LLC, First Republic Investment Management Inc., First Eagle Investment Management LLC, FIL Ltd, Massachusetts Financial Services Co. MA, CIBC World Markets Inc. and Wells Fargo & Company MN. Company insiders that have sold Bank of New York Mellon company stock in the last year include Brian T Shea, Bridget E Engle, Edward P Garden, Gerald L Hassell, 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 purchased by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, Barrow Hanley Mewhinney & Strauss LLC, LSV Asset Management, Federated Investors Inc. PA, Natixis, Point72 Asset Management L.P., Trian Fund Management L.P. and Royal Bank of Canada. Company insiders that have bought Bank of New York Mellon stock in the last two years include Charles W Scharf and Trian Fund Management, LP. 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, Scottrade, Fidelity and Charles Schwab.

One share of BK stock can currently be purchased for approximately $57.00.

Bank of New York Mellon has a market capitalization of $57.85 billion and generates $16.55 billion in revenue each year. The bank earns $4.09 billion in net income (profit) each year or $3.60 on an earnings per share basis. Bank of New York Mellon employs 52,500 workers across the globe.

Bank of New York Mellon's mailing address is 225 LIBERTY STREET, NEW YORK NY, 10286. The bank can be reached via phone at 212-495-1784 or via email at [email protected]