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

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 33.2% and is now trading at $45.57.
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19 Wall Street equities 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, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" The Bank of New York Mellon stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BK, but not buy additional shares or sell existing shares.
View analyst ratings for The Bank of New York Mellon or view MarketBeat's top 5 stock picks.

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The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Wednesday, January 20th 2021.
View our earnings forecast for The Bank of New York Mellon.

The Bank of New York Mellon will be holding an earnings conference call on Wednesday, January 20th 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) issued its earnings results on Friday, October, 16th. The bank reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. The bank had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. The Bank of New York Mellon had a net margin of 23.09% and a return on equity of 9.89%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share.
View The Bank of New York Mellon's earnings history.

The Bank of New York Mellon declared a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, October 28th will be paid a dividend of $0.31 per share on Tuesday, November 10th. This represents a $1.24 annualized dividend and a yield of 2.72%. The ex-dividend date is Tuesday, October 27th.
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 2.68%. 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 authorized a share buyback plan on Thursday, June 27th 2019, which authorizes the company to buyback $3,940,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

19 brokers have issued 12 month target prices 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 $47.71 in the next year. This suggests a possible upside of 4.7% 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.

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).
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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 variety of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.06%), State of Alaska Department of Revenue (0.02%), Raymond James Trust N.A. (0.02%), Crossmark Global Holdings Inc. (0.01%), Park National Corp OH (0.01%) and IFM Investors Pty Ltd (0.01%). 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.

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., CX Institutional, State of Alaska Department of Revenue, Park National Corp OH, Gofen & Glossberg LLC IL, and 6 Meridian. 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 purchased by a variety of institutional investors in the last quarter, including Donald L. Hagan LLC, IFM Investors Pty Ltd, Wedge Capital Management L L P NC, Curbstone Financial Management Corp, Louisiana State Employees Retirement System, Butensky & Cohen Financial Security Inc., KMG Fiduciary Partners LLC, and Arden Trust Co.
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.

One share of BK stock can currently be purchased for approximately $45.57.

The Bank of New York Mellon has a market capitalization of $40.38 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.

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

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]