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

The Bank of New York Mellon's stock was trading at $34.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BK stock has increased by 4.0% and is now trading at $35.56.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of New York Mellon in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Bank of New York Mellon.

The Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Thursday, January 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, October, 16th. The bank reported $0.98 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.94 by $0.04. The bank had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.83 billion. The Bank of New York Mellon had a net margin of 23.09% and a return on equity of 9.89%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS.
View The Bank of New York Mellon's earnings history.

The Bank of New York Mellon announced a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, October 28th will be paid a dividend of $0.31 per share on Tuesday, November 10th. This represents a $1.24 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, October 27th.
View The Bank of New York Mellon's dividend history.

The Bank of New York Mellon announced that its board has authorized a share buyback program on Thursday, June 27th 2019, which authorizes the company to buyback $3,940,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

18 brokerages have issued 12-month price targets for The Bank of New York Mellon's shares. Their forecasts range from $39.00 to $54.00. On average, they expect The Bank of New York Mellon's share price to reach $45.16 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts' price targets for The Bank of New York Mellon.

The Bank of New York Mellon saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,460,000 shares, an increase of 12.9% from the August 31st total of 6,610,000 shares. Based on an average daily volume of 5,070,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the shares of the stock are short sold.
View The Bank of New York Mellon's Short Interest.

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), SEI Investments (SEIC), Eaton Vance (EV), Invesco (IVZ), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC), Prospect Capital (PSEC) and Main Street Capital (MAIN).
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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 variety of retail and institutional investors. Top institutional investors include LSV Asset Management (0.55%), M&G Investment Management Ltd. (0.20%), PGGM Investments (0.15%), Hikari Power Ltd (0.06%), Wedge Capital Management L L P NC (0.06%) and State of New Jersey Common Pension Fund D (0.06%). Company insiders that own The Bank of New York Mellon stock include Berkshire Hathaway Inc, Bridget E Engle, Charles W Scharf, Edward P Garden, J Kevin Mccarthy, Kurtis R Kurimsky, 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 Cacti Asset Management LLC, Alberta Investment Management Corp, State of Alaska Department of Revenue, Standard Life Aberdeen plc, State of New Jersey Common Pension Fund D, Nissay Asset Management Corp Japan ADV, Park National Corp OH, and Redpoint Investment Management Pty Ltd. Company insiders that have sold The Bank of New York Mellon company stock in the last year include Berkshire Hathaway Inc, Bridget E Engle, J Kevin Mccarthy, and Mitchell E Harris.
View insider buying and selling activity for The Bank of New York Mellon.

BK stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, LSV Asset Management, M&G Investment Management Ltd., Wedge Capital Management L L P NC, Garland Capital Management Inc., Denali Advisors LLC, Hikari Power Ltd, and Courant Investment Management LLC.
View insider buying and selling activity for The Bank of New York Mellon.

Shares of BK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BK stock can currently be purchased for approximately $35.56.

The Bank of New York Mellon has a market capitalization of $31.50 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 48,400 workers across the globe.

The official website for The Bank of New York Mellon is www.bnymellon.com.

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]