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

15 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 5 hold ratings and 10 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 drop in short interest in April. As of April 15th, there was short interest totaling 7,040,000 shares, a drop 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 presently 1.2 days. Approximately 0.8% of the company's shares 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) announced its quarterly earnings results on Thursday, April, 15th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.10. The bank had revenue of $3.92 billion for the quarter, compared to the consensus estimate 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 was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS.
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 51.4% and is now trading at $51.78.
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The Bank of New York Mellon announced 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 dividend on an annualized basis and a dividend yield of 2.39%. 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 declared that its board has approved a share 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 repurchase up to 9.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

15 equities research analysts have issued 1 year price objectives for The Bank of New York Mellon's stock. Their forecasts range from $41.00 to $57.00. On average, they anticipate The Bank of New York Mellon's stock price to reach $49.80 in the next year. This suggests that the stock has a possible downside of 3.8%.
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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 investors 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, First Eagle Investment Management LLC, Bank of Nova Scotia, Prudential Financial Inc., Jupiter Asset Management Ltd., Davis Selected Advisers, Robeco Institutional Asset Management B.V., and Bank of Montreal Can. 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 BlackRock Inc., Parnassus Investments CA, Artisan Partners Limited Partnership, LSV Asset Management, Sabal Trust CO, MUFG Securities EMEA plc, Laurion Capital Management LP, and CWM LLC.
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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 $51.78.

The Bank of New York Mellon has a market capitalization of $45.33 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]