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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last twelve months. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 decrease in short interest in the month of April. As of April 15th, there was short interest totaling 7,040,000 shares, a decrease of 17.7% from the March 31st total of 8,550,000 shares. Based on an average daily volume of 5,850,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the shares of the stock are short sold.
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The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Wednesday, July 21st 2021.
View our earnings forecast for The Bank of New York Mellon.

The Bank of New York Mellon Co. (NYSE:BK) released its quarterly earnings results on Thursday, April, 15th. The bank reported $0.97 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.10. The bank had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $3.83 billion. The Bank of New York Mellon had a trailing twelve-month return on equity of 9.89% and a net margin of 23.09%. The firm's revenue for the quarter 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 Coronavirus reached pandemic status according to the World Health Organization. Since then, BK stock has increased by 49.2% and is now trading at $51.03.
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The Bank of New York Mellon declared a quarterly dividend on Friday, April 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.43%. 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 2.40%. The Bank of New York Mellon does not yet have a strock track record of dividend growth. 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 approved a stock repurchase plan on Thursday, June 27th 2019, which permits the company to buyback $3,940,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

15 equities research analysts have issued 12 month target prices for The Bank of New York Mellon's stock. Their forecasts range from $41.00 to $57.00. On average, they expect The Bank of New York Mellon's stock price to reach $49.80 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
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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), State Street (STT), Ameriprise Financial (AMP), 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.80%), Artisan Partners Limited Partnership (2.26%), Geode Capital Management LLC (1.47%), Northern Trust Corp (1.02%), LSV Asset Management (0.65%) and Yacktman Asset Management LP (0.44%). 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 Bank of Nova Scotia, Prudential Financial Inc., Jupiter Asset Management Ltd., Robeco Institutional Asset Management B.V., Northern Trust Corp, PGGM Investments, M&G Investment Management Ltd., and Teacher Retirement System of Texas. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Parnassus Investments CA, Artisan Partners Limited Partnership, LSV Asset Management, Sabal Trust CO, MUFG Securities EMEA plc, CWM LLC, and State of Tennessee Treasury Department.
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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 $51.03.

The Bank of New York Mellon has a market capitalization of $44.68 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 48,000 workers across the globe.

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]