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

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" The Bank of New York Mellon stock.
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The Bank of New York Mellon saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 8,180,000 shares, a decline of 14.0% from the May 13th total of 9,510,000 shares. Based on an average daily volume of 4,670,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.9% of the shares of the company are short sold.
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The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, July 15th 2021.
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The Bank of New York Mellon will be holding an earnings conference call on Thursday, July 15th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Bank of New York Mellon Co. (NYSE:BK) announced its earnings results on Thursday, April, 15th. The bank reported $0.97 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.10. The bank earned $3.92 billion during the quarter, compared to analyst estimates of $3.83 billion. The Bank of New York Mellon had a trailing twelve-month return on equity of 9.19% and a net margin of 22.24%. The Bank of New York Mellon's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share.
View The Bank of New York Mellon's earnings history.

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BK shares have increased by 44.4% and is now trading at $49.37.
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The Bank of New York Mellon declared a quarterly dividend on Friday, April 16th. Investors of record on Wednesday, April 28th will be given a dividend of $0.31 per share on Tuesday, May 11th. This represents a $1.24 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, April 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 2.51%. The Bank of New York Mellon does not yet have a strong track record of dividend growth. The dividend payout ratio of The Bank of New York Mellon is 30.92%. 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 27.02% 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 declared that its board has approved 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 purchase up to 9.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

14 brokerages have issued 1-year price targets for The Bank of New York Mellon's stock. Their forecasts range from $41.00 to $59.00. On average, they anticipate The Bank of New York Mellon's share price to reach $51.57 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
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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.

Some companies that are related to The Bank of New York Mellon include BlackRock (BLK), T. Rowe Price Group (TROW), Ameriprise Financial (AMP), State Street (STT), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), SEI Investments (SEIC), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
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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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.80%), Artisan Partners Limited Partnership (2.26%), First Eagle Investment Management LLC (1.90%), Davis Selected Advisers (1.72%), Geode Capital Management LLC (1.47%) and Northern Trust Corp (1.02%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Kurtis R Kurimsky, Mitchell E Harris, Thomas P Gibbons 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 Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, First Eagle Investment Management LLC, Bank of Nova Scotia, Prudential Financial Inc., Prana Capital Management LP, Voloridge Investment Management LLC, and Schonfeld Strategic Advisors LLC. Company insiders that have sold The Bank of New York Mellon company stock in the last year include J Kevin Mccarthy, Kurtis R Kurimsky, and Mitchell E Harris.
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BK stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., Goldman Sachs Group Inc., Parnassus Investments CA, Artisan Partners Limited Partnership, Amundi Asset Management US Inc., Zurich Insurance Group Ltd FI, and LSV Asset Management.
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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.
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One share of BK stock can currently be purchased for approximately $49.37.

The Bank of New York Mellon has a market capitalization of $43.22 billion and generates $16.94 billion in revenue each year. The bank earns $3.62 billion in net income (profit) each year or $4.01 on an earnings per share basis.

The Bank of New York Mellon employs 48,000 workers across the globe.

The following companies are subsidiares of The Bank of New York Mellon: BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Markets Limited, BNY Mellon Capital Markets LLC, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon National Association, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, and Walter Scott & Partners Limited.

The Bank of New York Mellon was founded in 1784.

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

The Bank of New York Mellon is headquartered at 240 GREENWICH STREET, NEW YORK NY, 10286.

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]