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 1 sell rating, 5 hold ratings and 6 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 brokers have issued 1-year price targets for Bank of New York Mellon's shares. Their BK share price forecasts range from $44.00 to $64.00. On average, they predict the company's stock price to reach $51.81 in the next year. This suggests a possible upside of 21.2% from the stock's current price.
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Bank of New York Mellon's stock was trading at $45.52 at the beginning of the year. Since then, BK stock has decreased by 6.1% and is now trading at $42.75.
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Bank of New York Mellon saw a increase in short interest in February. As of February 15th, there was short interest totaling 6,190,000 shares, an increase of 25.8% from the January 31st total of 4,920,000 shares. Based on an average trading volume of 4,980,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.8% of the shares of the stock are short sold.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our BK earnings forecast.

Bank of New York Mellon will be holding an earnings conference call on Tuesday, April 18th at 10:30 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 earnings results on Friday, January, 13th. The bank reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.08. The bank earned $3.92 billion during the quarter, compared to analysts' expectations of $4.12 billion. Bank of New York Mellon had a net margin of 12.87% and a trailing twelve-month return on equity of 10.78%. The business's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS.
Read the conference call transcript.

Bank of New York Mellon announced a quarterly dividend on Friday, January 13th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, January 20th.
Read our dividend analysis for BK.

ETFs with the largest weight of Bank of New York Mellon (NYSE:BK) stock in their portfolio include Davis Select Financial ETF (DFNL), Invesco KBW Bank ETF (KBWB), Davis Select U.S. Equity ETF (DUSA), USCF Dividend Income Fund (UDI), American CenturyFocused Large Cap Value ETF (FLV), VanEck Morningstar ESG Moat ETF (MOTE), ALPS Hillman Active Value ETF (HVAL) and 2ndVote Life Neutral Plus ETF (LYFE).

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.37%. 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 28.35% 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 approved a share repurchase program 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 buy up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management 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 shareholders include Berkshire Hathaway Inc (3.10%), Artisan Partners Limited Partnership (2.64%), First Eagle Investment Management LLC (2.12%), Geode Capital Management LLC (1.87%), American Century Companies Inc. (1.86%) and Davis Selected Advisers (1.63%). 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 $42.75.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $34.19 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 51,700 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.