NYSE:BK

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

$41.24

-0.69 (-1.65 %)

(As of 01/25/2021 10:32 AM ET)

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Today's Range

$41.14

Now: $41.24▼

$41.69

50-Day Range

$39.83

MA: $42.45▼

$46.56

52-Week Range

$26.40

Now: $41.24▼

$47.63

Volume91,091 shs

Average Volume5.34 million shs

Market Capitalization$36.54 billion

P/E Ratio9.04

Dividend Yield2.96%

Beta1.07

The Bank of New York Mellon Corporation provides a range of financial products and services to in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. The Investment Service segment offers custody, accounting, exchange-traded funds services, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, brokerage and data analytics, clearing, trading, investment, wealth and retirement solutions, technology and enterprise data management, corporate trust, depositary receipts, payments, receivables processing and payables management, trade finance and processing, and collateral management services. The Investment Management segment provides diversified investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, and private banking services. The company also engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. It serves asset managers, banks, broker-dealers, corporations, financial intermediaries, governments, high net worth individuals, insurance companies, non-profit organizations, pensions, and sovereign institutions. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

MarketRank^™

Overall MarketRank^™

2.40 out of 5 stars

Finance Sector

58th out of 1,933 stocks

State Commercial Banks Industry

7th out of 309 stocks

3.3 Analyst's Opinion

Consensus Rating
The Bank of New York Mellon has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $47.62, The Bank of New York Mellon has a forecasted upside of 13.6% from its current price of $41.93.
Amount of Analyst Coverage
The Bank of New York Mellon has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
The Bank of New York Mellon has received 853 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
The Bank of New York Mellon has received 700 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
The Bank of New York Mellon has received 54.93% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about The Bank of New York Mellon and other stocks. Vote “Outperform” if you believe BK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BK will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
The Bank of New York Mellon pays a meaningful dividend of 2.96%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Bank of New York Mellon does not have a long track record of dividend growth.
Dividend Coverage
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%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Bank of New York Mellon insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.12% of the stock of The Bank of New York Mellon is held by insiders.
Percentage Held by Institutions
82.27% of the stock of The Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for The Bank of New York Mellon are expected to grow by 4.04% in the coming year, from $3.96 to $4.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Bank of New York Mellon is 9.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Bank of New York Mellon is 9.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.99.
Price to Earnings Growth Ratio
The Bank of New York Mellon has a PEG Ratio of 1.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
The Bank of New York Mellon has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryAsset Management & Custody Banks

SectorFinance

Current SymbolNYSE:BK

Previous Symbol

CUSIP06405810

CIK1390777

Webwww.bnymellon.com

Phone212-495-1784

Employees48,400

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.65

Current Ratio0.65

Quick Ratio0.65

Price-To-Earnings

Trailing P/E Ratio9.04

Forward P/E Ratio10.41

P/E Growth1.38

Sales & Book Value

Annual Sales$20.77 billion

Price / Sales1.76

Cash Flow$5.19 per share

Price / Cash Flow7.95

Book Value$41.25 per share

Price / Book1.00

Profitability

EPS (Most Recent Fiscal Year)$4.02

Net Income$4.44 billion

Net Margins23.09%

Return on Equity9.89%

Return on Assets0.89%

Miscellaneous

Outstanding Shares886,136,000

Market Cap$36.54 billion

Next Earnings Date4/15/2021 (Estimated)

OptionableOptionable

$41.24

-0.69 (-1.65 %)

(As of 01/25/2021 10:32 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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The Bank of New York Mellon (NYSE:BK) Frequently Asked Questions

How has The Bank of New York Mellon's stock price been impacted by COVID-19?

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 (WHO). Since then, BK shares have increased by 21.7% and is now trading at $41.62.
View which stocks have been most impacted by COVID-19.

Is The Bank of New York Mellon a buy right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" The Bank of New York Mellon stock.
View analyst ratings for The Bank of New York Mellon or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than The Bank of New York Mellon?

Wall Street analysts have given The Bank of New York Mellon a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Bank of New York Mellon wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Todd Gibbons' approval rating as The Bank of New York Mellon's CEO?

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.

When is The Bank of New York Mellon's next earnings date?

The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, April 15th 2021.
View our earnings forecast for The Bank of New York Mellon.

How were The Bank of New York Mellon's earnings last quarter?

The Bank of New York Mellon Co. (NYSE:BK) announced its quarterly earnings results on Tuesday, January, 19th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters' 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 trailing twelve-month return on equity of 9.89% and a net margin of 23.09%. The firm's revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS.
View The Bank of New York Mellon's earnings history.

How often does The Bank of New York Mellon pay dividends? What is the dividend yield for The Bank of New York Mellon?

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 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, January 29th.
View The Bank of New York Mellon's dividend history.

Is The Bank of New York Mellon a good dividend stock?

The Bank of New York Mellon pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.96%. 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.

How will The Bank of New York Mellon's stock buyback program work?

The Bank of New York Mellon announced that its board has authorized a share repurchase plan on Thursday, June 27th 2019, which allows the company to buyback $3,940,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

What price target have analysts set for BK?

18 analysts have issued 1-year target prices for The Bank of New York Mellon's stock. Their forecasts range from $39.00 to $59.00. On average, they anticipate The Bank of New York Mellon's share price to reach $47.62 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon or view Wall Street analyst' top-rated stocks.

Who are some of The Bank of New York Mellon's key competitors?

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), C3.ai (AI), Invesco (IVZ), SEI Investments (SEIC), Eaton Vance (EV), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC) and Prospect Capital (PSEC).
View all of BK's competitors.

What other stocks do shareholders of The Bank of New York Mellon own?

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).

Who are The Bank of New York Mellon's key executives?

The Bank of New York Mellon's management team includes the following people:

Mr. Thomas P. Gibbons, CEO & Director (Age 64, Pay $2.47M)
Ms. Bridget E. Engle, Chief Operations & Technology Officer (Age 57, Pay $2M)
Mr. Robin Antony Vince, Vice Chairman & CEO of Global Market Infrastructure
Ms. Emily Hope Portney, Chief Financial Officer (Age 49)
Mr. James S. Wiener, Sr. EVP, Chief Investment Officer and Head of Capital & Balance-Sheet Strategy (Age 53)
Ms. Magda Palczynska, Global Head of Investor Relations
Mr. Mark Musi, Chief Compliance & Ethics Officer
Mr. Jane Kevin McCarthy, Sr. EVP & Gen. Counsel (Age 56)
Ms. Eva A. Radtke, Global Head of Corp. Communications
Ms. Brenda Tsai, Chief Marketing Officer

What is The Bank of New York Mellon's stock symbol?

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

Who are The Bank of New York Mellon's major shareholders?

The Bank of New York Mellon's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Hikari Power Ltd (0.07%), Stack Financial Management Inc (0.07%), Wedge Capital Management L L P NC (0.06%), Candriam Luxembourg S.C.A. (0.03%), State of Alaska Department of Revenue (0.02%) and Raymond James Trust N.A. (0.02%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, 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 The Bank of New York Mellon.

Which institutional investors are selling The Bank of New York Mellon stock?

BK stock was sold by a variety of institutional investors in the last quarter, including Cullinan Associates Inc., First Citizens Bank & Trust Co., City Holding Co., Transform Wealth LLC, CX Institutional, State of Alaska Department of Revenue, Denali Advisors LLC, and Stewart & Patten Co. LLC. 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.
View insider buying and selling activity for The Bank of New York Mellon or view top insider-selling stocks.

Which institutional investors are buying The Bank of New York Mellon stock?

BK stock was acquired by a variety of institutional investors in the last quarter, including Stack Financial Management Inc, Hikari Power Ltd, Pendal Group Limited, Kestra Advisory Services LLC, Candriam Luxembourg S.C.A., Donald L. Hagan LLC, IFM Investors Pty Ltd, and Wedge Capital Management L L P NC.
View insider buying and selling activity for The Bank of New York Mellon or or view top insider-buying stocks.

How do I buy shares of The 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is The Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $41.62.

How big of a company is The Bank of New York Mellon?

The Bank of New York Mellon has a market capitalization of $36.88 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 48,400 workers across the globe.

What is The Bank of New York Mellon's official website?

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

How can I contact The Bank of New York Mellon?

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]

This page was last updated on 1/25/2021 by MarketBeat.com Staff

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