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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 price objectives for Bank of New York Mellon's shares. Their BK share price forecasts range from $44.00 to $64.00. On average, they expect the company's stock price to reach $52.19 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price.
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Bank of New York Mellon's stock was trading at $45.52 on January 1st, 2023. Since then, BK shares have increased by 11.6% and is now trading at $50.80.
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Bank of New York Mellon saw a decline in short interest in December. As of December 30th, there was short interest totaling 3,230,000 shares, a decline of 16.1% from the December 15th total of 3,850,000 shares. Based on an average trading volume of 4,960,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company's shares are sold short.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
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The Bank of New York Mellon Co. (NYSE:BK) released its quarterly earnings results on Friday, January, 13th. The bank reported $1.30 EPS for the quarter, topping the consensus estimate of $1.22 by $0.08. The bank had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.12 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 10.78% and a net margin of 12.87%. The company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share.
Read the conference call transcript.

Bank of New York Mellon announced a quarterly dividend on Friday, January 13th. Investors of record on Monday, January 23rd will be paid a dividend of $0.37 per share on Friday, February 3rd. This represents a $1.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, January 20th.
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 2.93%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 28.91% 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 announced that its board has initiated a share repurchase plan on Monday, June 28th 2021, which authorizes the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are 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 a variety of retail and institutional investors. Top institutional investors include Yacktman Asset Management LP (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), New York State Common Retirement Fund (0.17%), M&G Investment Management Ltd. (0.13%), New York State Teachers Retirement System (0.12%) and Bank of Montreal Can (0.10%). 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 $50.80.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $41.06 billion and generates $19.99 billion in revenue each year. The bank earns $2.57 billion in net income (profit) each year or $2.90 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.