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

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 7 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 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) issued its quarterly earnings results on Friday, April, 16th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.10. The bank had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.83 billion. The Bank of New York Mellon had a net margin of 23.09% and a trailing twelve-month return on equity of 9.89%. The firm's revenue was down 4.6% on a year-over-year basis. During the same period 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BK stock has increased by 34.7% and is now trading at $46.07.
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The Bank of New York Mellon announced a quarterly dividend on Friday, April 16th. Shareholders 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 annualized dividend and a dividend yield of 2.69%. The ex-dividend date 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 2.69%. 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 of Directors has approved a share buyback plan on Thursday, June 27th 2019, which permits the company to repurchase $3,940,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

17 brokers have issued 12-month price objectives for The Bank of New York Mellon's shares. Their forecasts range from $41.00 to $57.00. On average, they anticipate The Bank of New York Mellon's share price to reach $49.40 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price.
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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), Ameriprise Financial (AMP), State Street (STT), 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 many different institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.08%), Stack Financial Management Inc (0.07%), Bronte Capital Management Pty Ltd. (0.06%), Fort Pitt Capital Group LLC (0.04%), Retirement Systems of Alabama (0.03%) and Royal London Asset Management Ltd. (0.03%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, Mitchell E Harris, Thomas P Gibbons, Trian Fund Management, LP 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 CX Institutional, Retirement Systems of Alabama, Park National Corp OH, City Holding Co., State of Alaska Department of Revenue, Bridge Creek Capital Management LLC, Crossmark Global Holdings Inc., and FDx Advisors Inc.. Company insiders that have sold The Bank of New York Mellon company stock in the last year include J Kevin Mccarthy, and Mitchell E Harris.
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BK stock was bought by a variety of institutional investors in the last quarter, including Motco, Wedge Capital Management L L P NC, Abner Herrman & Brock LLC, DnB Asset Management AS, Fort Pitt Capital Group LLC, Everence Capital Management Inc., NEXT Financial Group Inc, and Bronte Capital Management Pty Ltd..
View insider buying and selling activity for The Bank of New York Mellon or or view top insider-buying stocks.

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 $46.07.

The Bank of New York Mellon has a market capitalization of $40.40 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 48,500 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]m.