NYSE:BKBank of New York Mellon Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Bank of New York Mellon Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $40.01 +0.66 (+1.68 %) (As of 06/4/2020 01:58 PM ET) Add Compare Share Today's Range$38.95Now: $40.01▼$40.2550-Day Range$32.06MA: $35.56▼$38.5752-Week Range$26.40Now: $40.01▼$51.60Volume2.21 million shsAverage Volume5.43 million shsMarket Capitalization$35.42 billionP/E Ratio8.60Dividend Yield3.24%Beta1.1 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.Read More Beat the Market (BTM) Rank™ 2.2 Analyst's Opinion Consensus RatingBank of New York Mellon has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 7 buy ratings, 8 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $43.54, Bank of New York Mellon has a potential upside of 8.8% from its current price of $40.01.Amount of Analyst CoverageBank of New York Mellon has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.8 Community Rank Outperform VotesBank of New York Mellon has received 839 “outperform” votes. (Add your “outperform” vote.)Underperform VotesBank of New York Mellon has received 679 “underperform” votes. (Add your “underperform” vote.)Community SentimentBank of New York Mellon has received 55.27% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about 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. Previous Next 4.2 Dividend Strength Dividend LeadershipBank of New York Mellon is a leading dividend payer. It pays a dividend yield of 3.24%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthBank of New York Mellon has been increasing its dividend for 7 years.Dividend CoverageThe dividend payout ratio of Bank of New York Mellon is 30.85 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 34.64 % next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bank of New York Mellon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,743,527.00 in company stock.Percentage Held by InsidersOnly 0.12% of the stock of Bank of New York Mellon is held by insiders.Percentage Held by Institutions81.67% of the stock of Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Bank of New York Mellon are expected to grow by 1.70% in the coming year, from $3.52 to $3.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bank of New York Mellon is 8.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.28.Price to Earnings Ratio vs. SectorThe P/E ratio of Bank of New York Mellon is 8.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.93.Price to Earnings Growth RatioBank of New York Mellon has a PEG Ratio of 1.36. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBank of New York Mellon has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.53 out of 5 stars 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 Phone212-495-1784Debt Debt-to-Equity Ratio0.77 Current Ratio0.72 Quick Ratio0.72Price-To-Earnings Trailing P/E Ratio8.60 Forward P/E Ratio11.37 P/E Growth1.36 Sales & Book Value Annual Sales$20.77 billion Price / Sales1.71 Cash Flow$5.99 per share Price / Cash Flow6.68 Book Value$41.25 per share Price / Book0.97Profitability EPS (Most Recent Fiscal Year)$4.02 Net Income$4.44 billion Net Margins21.60% Return on Equity10.59% Return on Assets1.00%Miscellaneous Employees48,400 Outstanding Shares885,440,000Market Cap$35.42 billion Next Earnings Date7/15/2020 (Confirmed) OptionableOptionable BK Rates by TradingView Receive BK News and Ratings via Email Sign-up to receive the latest news and ratings for BK and its competitors with MarketBeat's FREE daily newsletter. Bank of New York Mellon (NYSE:BK) Frequently Asked Questions How has Bank of New York Mellon's stock been impacted by COVID-19 (Coronavirus)? 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 stock has increased by 17.0% and is now trading at $40.01. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Bank of New York Mellon? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bank of New York Mellon. When is Bank of New York Mellon's next earnings date? Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Bank of New York Mellon. How can I listen to Bank of New York Mellon's earnings call? Bank of New York Mellon will be holding an earnings conference call on Wednesday, July 15th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available. How were Bank of New York Mellon's earnings last quarter? Bank of New York Mellon Corp (NYSE:BK) announced its quarterly earnings data on Thursday, April, 16th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.90 by $0.15. The bank earned $3.32 billion during the quarter, compared to analysts' expectations of $3.87 billion. Bank of New York Mellon had a return on equity of 10.59% and a net margin of 21.60%. The business's revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. View Bank of New York Mellon's earnings history. How often does Bank of New York Mellon pay dividends? What is the dividend yield for Bank of New York Mellon? Bank of New York Mellon announced a quarterly dividend on Thursday, April 16th. Shareholders of record on Tuesday, April 28th will be given a dividend of $0.31 per share on Monday, May 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, April 27th. View Bank of New York Mellon's dividend history. How will Bank of New York Mellon's stock buyback program work? Bank of New York Mellon declared that its Board of Directors has initiated a stock buyback program on Thursday, June 27th 2019, which authorizes the company to repurchase $3,940,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued. What price target have analysts set for BK? 16 brokers have issued 1-year price objectives for Bank of New York Mellon's shares. Their forecasts range from $30.00 to $54.00. On average, they anticipate Bank of New York Mellon's stock price to reach $43.54 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. View analysts' price targets for Bank of New York Mellon. Has Bank of New York Mellon been receiving favorable news coverage? Media headlines about BK stock have been trending somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bank of New York Mellon earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutBank of New York Mellon. Are investors shorting Bank of New York Mellon? Bank of New York Mellon saw a decrease in short interest in April. As of April 30th, there was short interest totaling 7,350,000 shares, a decrease of 17.4% from the April 15th total of 8,900,000 shares. Based on an average daily trading volume, of 7,180,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the company's stock are short sold. View Bank of New York Mellon's Current Options Chain. Who are some of Bank of New York Mellon's key competitors? Some companies that are related to 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), SEI Investments (SEIC), Ares Capital (ARCC), Eaton Vance (EV), Legg Mason (LM), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Main Street Capital (MAIN). View all competitors. What other stocks do shareholders of Bank of New York Mellon own? 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), Walt Disney (DIS), Intel (INTC), Wells Fargo & Co (WFC), Walmart (WMT), AT&T (T), Johnson & Johnson (JNJ) and Exxon Mobil (XOM). Who are Bank of New York Mellon's key executives? Bank of New York Mellon's management team includes the following people: Mr. Charles W. Scharf, Chairman & CEO (Age 54)Mr. Michael P. Santomassimo, Sr. EVP & CFO (Age 44)Ms. Bridget Engle, Sr. EVP & Chief Information Officer (Age 55)Mr. Thomas P. Gibbons, Vice Chairman and CEO of Clearing, Markets & Client Management (Age 62)Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 64) What is Bank of New York Mellon's stock symbol? Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the ticker symbol "BK." Who are Bank of New York Mellon's major shareholders? Bank of New York Mellon's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.96%), State Street Corp (4.17%), Longview Partners Guernsey LTD (3.14%), First Eagle Investment Management LLC (2.08%), Capital International Investors (1.84%) and Massachusetts Financial Services Co. MA (1.76%). Company insiders that own 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 Bank of New York Mellon. Which institutional investors are selling Bank of New York Mellon stock? BK stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Capital International Investors, AJO LP, State Street Corp, Squarepoint Ops LLC, Capital Bank & Trust Co, Sather Financial Group Inc, and First Eagle Investment Management LLC. Company insiders that have sold Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Mitchell E Harris, and Thomas P Gibbons. View insider buying and selling activity for Bank of New York Mellon. Which institutional investors are buying Bank of New York Mellon stock? BK stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Longview Partners Guernsey LTD, Eaton Vance Management, Alyeska Investment Group L.P., Samlyn Capital LLC, Deprince Race & Zollo Inc., Deutsche Bank AG, and Prana Capital Management LP. View insider buying and selling activity for Bank of New York Mellon. How do I buy shares of 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. What is Bank of New York Mellon's stock price today? One share of BK stock can currently be purchased for approximately $40.01. How big of a company is Bank of New York Mellon? Bank of New York Mellon has a market capitalization of $35.43 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. Bank of New York Mellon employs 48,400 workers across the globe. What is Bank of New York Mellon's official website? The official website for Bank of New York Mellon is www.bnymellon.com. How can I contact Bank of New York Mellon? 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 6/4/2020 by MarketBeat.com Staff
