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

12 Wall Street 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 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 Wall Street analysts have issued 12 month target prices for Bank of New York Mellon's stock. Their BK share price forecasts range from $41.00 to $62.00. On average, they expect the company's stock price to reach $51.61 in the next year. This suggests a possible upside of 21.4% 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 6.6% and is now trading at $42.52.
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Bank of New York Mellon saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,990,000 shares, an increase of 11.1% from the April 30th total of 5,390,000 shares. Based on an average trading volume of 5,640,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the shares of the company 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, July 18th 2023.
View our BK earnings forecast.

Bank of New York Mellon will be holding an earnings conference call on Tuesday, July 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) announced its quarterly earnings data on Tuesday, April, 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.03. The bank earned $4.36 billion during the quarter, compared to analyst estimates of $4.40 billion. Bank of New York Mellon had a trailing twelve-month return on equity of 11.45% and a net margin of 11.98%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 earnings per share.
Read the conference call transcript.

Bank of New York Mellon declared a quarterly dividend on Tuesday, April 18th. Shareholders of record on Friday, April 28th will be paid a dividend of $0.37 per share on Thursday, May 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, April 27th.
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), USCF Dividend Income Fund (UDI), American CenturyFocused Large Cap Value ETF (FLV), Davis Select U.S. Equity ETF (DUSA), VanEck Morningstar ESG Moat ETF (MOTE), Gabelli Financial Services Opportunities ETF (GABF) and ALPS Hillman Active Value ETF (HVAL).

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.46%. 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 46.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 29.72% 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 allows the company to repurchase $6,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (8.36%), Dodge & Cox (7.58%), State Street Corp (3.92%), Artisan Partners Limited Partnership (2.59%), FMR LLC (2.28%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include 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 $42.52.

Bank of New York Mellon (NYSE:BK) has a market capitalization of $33.55 billion and generates $19.99 billion in revenue each year. The bank earns $2.57 billion in net income (profit) each year or $3.16 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.