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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BK shares. 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.
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12 equities research analysts have issued 12 month target prices for Bank of New York Mellon's stock. Their BK share price forecasts range from $42.00 to $70.00. On average, they predict the company's share price to reach $50.35 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
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Bank of New York Mellon's stock was trading at $58.08 at the beginning of the year. Since then, BK shares have decreased by 24.2% and is now trading at $44.04.
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Bank of New York Mellon saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 5,990,000 shares, a decrease of 9.9% from the October 15th total of 6,650,000 shares. Based on an average daily trading volume, of 4,700,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.7% of the shares of the company are sold short.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 13th 2023.
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Bank of New York Mellon will be holding an earnings conference call on Friday, January 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Bank of New York Mellon Co. (NYSE:BK) posted its quarterly earnings data on Monday, October, 17th. The bank reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.11. The bank had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.20 billion. Bank of New York Mellon had a net margin of 16.07% and a trailing twelve-month return on equity of 10.07%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share.
Read the conference call transcript.

Bank of New York Mellon announced a quarterly dividend on Monday, October 17th. Stockholders of record on Thursday, October 27th will be paid a dividend of $0.37 per share on Thursday, November 10th. This represents a $1.48 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, October 26th.
Read our dividend analysis for BK.

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.27%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 33.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

Bank of New York Mellon declared that its board has approved a stock buyback plan on Monday, June 28th 2021, which permits the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

378 employees have rated Bank of New York Mellon Chief Executive Officer Todd Gibbons on Glassdoor.com. Todd Gibbons has an approval rating of 80% among the company's employees.

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), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Cisco Systems (CSCO).

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

Bank of New York Mellon's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.37%), BlackRock Inc. (7.79%), State Street Corp (4.01%), Artisan Partners Limited Partnership (2.71%), Davis Selected Advisers (1.68%) and Longview Partners Guernsey LTD (1.51%). Insiders that own company stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Salla Francis J La and Thomas P Gibbons.
View institutional ownership trends.

Shares of BK stock 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.
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One share of BK stock can currently be purchased for approximately $44.04.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $35.60 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.29 on an earnings per share basis.

The company employs 49,100 workers across the globe.

Bank of New York Mellon's mailing address is 240 GREENWICH STREET, NEW YORK NY, 10286. The official website for the company is www.bnymellon.com. The bank can be reached via phone at (212) 495-1784, via email at shrrelations@bnymellon.com, or via fax at 302-655-5049.