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NYSE:BK

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

$44.90
+0.53 (+1.19%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.31
$44.93
50-Day Range
$40.44
$46.34
52-Week Range
$39.78
$64.63
Volume
2.62 million shs
Average Volume
4.98 million shs
Market Capitalization
$36.28 billion
P/E Ratio
11.40
Dividend Yield
3.34%
Price Target
$50.42

Bank of New York Mellon MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
13.0% Upside
$50.73 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
-0.10mentions of Bank of New York Mellon in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$4.54 M Sold Last Quarter
Proj. Earnings Growth
13.26%
From $4.30 to $4.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Finance Sector

139th out of 918 stocks

State Commercial Banks Industry

30th out of 191 stocks

BK stock logo

About Bank of New York Mellon (NYSE:BK) Stock

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, prime brokerage, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services; and clearance and collateral management services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The company was founded in 1784 and is headquartered in New York, New York.

Bank of New York Mellon Stock Performance

Shares of Bank of New York Mellon stock opened at $44.37 on Friday. The stock's fifty day moving average is $42.85 and its two-hundred day moving average is $47.99. The company has a market capitalization of $35.86 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.12. The company has a quick ratio of 0.68, a current ratio of 0.67 and a debt-to-equity ratio of 0.78. Bank of New York Mellon has a 52 week low of $39.78 and a 52 week high of $64.63.

Bank of New York Mellon (NYSE:BK - Get Rating) last announced its quarterly earnings data on Friday, July 15th. The bank reported $1.03 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.09). The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.17 billion. Bank of New York Mellon had a net margin of 20.61% and a return on equity of 9.49%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. As a group, analysts expect that Bank of New York Mellon will post 4.3 earnings per share for the current year.

Bank of New York Mellon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Monday, July 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, July 22nd. This is an increase from Bank of New York Mellon's previous quarterly dividend of $0.34. Bank of New York Mellon's dividend payout ratio is 37.56%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BK. Deutsche Bank Aktiengesellschaft cut their price objective on Bank of New York Mellon from $43.00 to $42.00 in a research note on Monday, July 18th. UBS Group cut their price objective on Bank of New York Mellon from $56.00 to $52.00 in a research note on Monday, July 11th. JPMorgan Chase & Co. cut their price objective on Bank of New York Mellon from $51.50 to $46.50 in a research note on Monday, July 11th. Royal Bank of Canada cut their price objective on Bank of New York Mellon from $56.00 to $49.00 and set a "sector perform" rating for the company in a research note on Friday, July 1st. Finally, The Goldman Sachs Group lowered their price target on Bank of New York Mellon from $51.50 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, June 29th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $50.42.

Insider Buying and Selling at Bank of New York Mellon

In other news, CEO Thomas P. Gibbons sold 105,062 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $43.24, for a total transaction of $4,542,880.88. Following the transaction, the chief executive officer now owns 221,018 shares of the company's stock, valued at approximately $9,556,818.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

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BK Stock News Headlines

BNY Mellon sets stage for next CEO
What 10 Analyst Ratings Have To Say About Bank of New York Mellon
Bank Of New York Mellon BK Trading Advice
Bank of New York Mellon (NYSE:BK) PT Lowered to $50.00
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BK Company Calendar

Last Earnings
7/15/2022
Ex-Dividend for 8/5 Dividend
7/22/2022
Dividend Payable
8/05/2022
Today
8/12/2022
Next Earnings (Estimated)
10/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
06405810
Employees
49,100
Year Founded
1784

Price Target and Rating

Average Stock Price Forecast
$50.73
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+12.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$3.76 billion
Pretax Margin
25.32%

Debt

Sales & Book Value

Annual Sales
$16.16 billion
Cash Flow
$6.99 per share
Book Value
$44.74 per share

Miscellaneous

Free Float
807,457,000
Market Cap
$36.28 billion
Optionable
Optionable
Beta
1.12

Social Links















BK Stock - Frequently Asked Questions

Should I buy or sell Bank of New York Mellon stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 10 hold ratings and 2 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.
View BK analyst ratings
or view top-rated stocks.

What is Bank of New York Mellon's stock price forecast for 2022?

12 analysts have issued twelve-month price targets for Bank of New York Mellon's stock. Their BK share price forecasts range from $45.00 to $70.00. On average, they anticipate the company's share price to reach $50.73 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for BK
or view top-rated stocks among Wall Street analysts.

How have BK shares performed in 2022?

Bank of New York Mellon's stock was trading at $58.08 at the beginning of the year. Since then, BK stock has decreased by 23.3% and is now trading at $44.57.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of New York Mellon?

Bank of New York Mellon saw a increase in short interest in July. As of July 31st, there was short interest totaling 8,290,000 shares, an increase of 14.3% from the July 15th total of 7,250,000 shares. Based on an average trading volume of 4,020,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.0% of the shares of the stock are short sold.
View Bank of New York Mellon's Short Interest
.

When is Bank of New York Mellon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our BK earnings forecast
.

How were Bank of New York Mellon's earnings last quarter?

The Bank of New York Mellon Co. (NYSE:BK) issued its earnings results on Friday, July, 15th. The bank reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by $0.09. The bank earned $4.25 billion during the quarter, compared to analysts' expectations of $4.17 billion. Bank of New York Mellon had a net margin of 20.61% and a trailing twelve-month return on equity of 9.49%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share.
Read the conference call transcript
.

How often does Bank of New York Mellon pay dividends? What is the dividend yield for Bank of New York Mellon?

Bank of New York Mellon declared a quarterly dividend on Friday, July 15th. Stockholders of record on Monday, July 25th will be paid a dividend of $0.37 per share on Friday, August 5th. This represents a $1.48 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, July 22nd. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for BK
.

Is Bank of New York Mellon a good dividend stock?

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.36%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 30.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

How will Bank of New York Mellon's stock buyback program work?

Bank of New York Mellon declared that its Board of Directors has approved a stock buyback plan on Monday, June 28th 2021, which allows the company to repurchase $6,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

What is Todd Gibbons' approval rating as Bank of New York Mellon's CEO?

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.

What other stocks do shareholders of Bank of New York Mellon own?

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).

What is Bank of New York Mellon's stock symbol?

Bank of New York Mellon trades on the New York Stock Exchange (NYSE) under the ticker symbol "BK."

Who are Bank of New York Mellon's major shareholders?

Bank of New York Mellon's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.71%), FMR LLC (2.11%), Victory Capital Management Inc. (1.01%), Yacktman Asset Management LP (0.47%), Deutsche Bank AG (0.38%) and Sumitomo Mitsui Trust Holdings Inc. (0.35%). 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
.

How do I buy shares of Bank of New York Mellon?

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.
Compare Top Brokerages Here.

What is Bank of New York Mellon's stock price today?

One share of BK stock can currently be purchased for approximately $44.57.

How much money does Bank of New York Mellon make?

Bank of New York Mellon (NYSE:BK) has a market capitalization of $36.02 billion and generates $16.16 billion in revenue each year. The bank earns $3.76 billion in net income (profit) each year or $3.94 on an earnings per share basis.

How many employees does Bank of New York Mellon have?

The company employs 49,100 workers across the globe.

Does Bank of New York Mellon have any subsidiaries?

The following companies are subsidiares of Bank of New York Mellon: Albridge, BNY Capital Corporation, BNY Capital Markets Holdings Inc., BNY International Financing Corporation, BNY Mellon Fund Management (Luxembourg) S.A., BNY Mellon Fund Managers Limited, BNY Mellon IHC LLC, BNY Mellon International Asset Management (Holdings) Limited, BNY Mellon International Asset Management (Holdings) No. 1 Limited, BNY Mellon International Asset Management Group Limited, BNY Mellon Investment Adviser Inc., BNY Mellon Investment Management (Jersey) Limited, BNY Mellon Investment Management Cayman Ltd, BNY Mellon Investment Management EMEA Limited, BNY Mellon Investment Management Europe Holdings Limited, BNY Mellon Investment Servicing (US) Inc., BNY Mellon Investments Limited, BNY Mellon National Association, BNY Mellon US Services Holdings LLC, Cutwater Asset Management, DBV-X, I3 Advisors, Insight Investment, Insight Investment Management (Europe) Limited, Insight Investment Management (Global) Limited, Insight Investment Management Limited, MBC Investments Corporation, Milestone Group, PNC Global Investment Servicing, Pershing Group LLC, Pershing Holdings (UK) Limited, Pershing LLC, Pershing Limited, Pershing Securities Limited, The Bank of New York Mellon, The Bank of New York Mellon (International) Limited, The Bank of New York Mellon SA/NV, The Bank of New York Mellon Trust Company National Association, and Walter Scott & Partners Limited.
Read More

When was Bank of New York Mellon founded?

Bank of New York Mellon was founded in 1784.

How can I contact Bank of New York Mellon?

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.

This page (NYSE:BK) was last updated on 8/12/2022 by MarketBeat.com Staff

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