NYSE:BK Bank of New York Mellon Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Bank of New York Mellon Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $35.40 -0.16 (-0.45 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$35.35Now: $35.40▼$35.8750-Day Range$34.87MA: $36.71▼$38.1452-Week Range$26.40Now: $35.40▼$51.60Volume5.79 million shsAverage Volume5.98 million shsMarket Capitalization$31.36 billionP/E Ratio7.61Dividend Yield3.49%Beta1.02 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.Read More Beat the Market (BTM) Rank™ 4.2 Analyst's Opinion Consensus RatingBank of New York Mellon has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 9 buy ratings, 8 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $45.53, Bank of New York Mellon has a forecasted upside of 28.6% from its current price of $35.40.Amount of Analyst CoverageBank of New York Mellon has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.8 Community Rank Outperform VotesBank of New York Mellon has received 846 “outperform” votes. (Add your “outperform” vote.)Underperform VotesBank of New York Mellon has received 686 “underperform” votes. (Add your “underperform” vote.)Community SentimentBank of New York Mellon has received 55.22% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Bank of New York Mellon and other stocks. Vote “Outperform” if you believe BK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BK will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend YieldBank of New York Mellon pays a meaningful dividend of 3.49%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBank of New York Mellon has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Bank of New York Mellon is 30.85%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 31.23% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bank of New York Mellon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,251,250.00 in company stock.Percentage Held by InsidersOnly 0.12% of the stock of Bank of New York Mellon is held by insiders.Percentage Held by Institutions82.08% of the stock of Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Bank of New York Mellon are expected to grow by 1.53% in the coming year, from $3.91 to $3.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bank of New York Mellon is 7.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Bank of New York Mellon is 7.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.43.Price to Earnings Growth RatioBank of New York Mellon has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBank of New York Mellon has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.2Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.60 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry State commercial banks Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNYSE:BK Previous Symbol CUSIP06405810 CIK1390777 Webwww.bnymellon.com Phone212-495-1784Debt Debt-to-Equity Ratio0.74 Current Ratio0.68 Quick Ratio0.68Price-To-Earnings Trailing P/E Ratio7.61 Forward P/E Ratio9.05 P/E Growth1.15 Sales & Book Value Annual Sales$20.77 billion Price / Sales1.51 Cash Flow$5.65 per share Price / Cash Flow6.27 Book Value$41.25 per share Price / Book0.86Profitability EPS (Most Recent Fiscal Year)$4.02 Net Income$4.44 billion Net Margins22.31% Return on Equity10.34% Return on Assets0.95%Miscellaneous Employees48,400 Outstanding Shares885,862,000Market Cap$31.36 billion Next Earnings Date10/16/2020 (Confirmed) OptionableOptionable $35.40 -0.16 (-0.45 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive BK News and Ratings via Email Sign-up to receive the latest news and ratings for BK and its competitors with MarketBeat's FREE daily newsletter. Bank of New York Mellon (NYSE:BK) Frequently Asked Questions How has Bank of New York Mellon's stock price been impacted by Coronavirus? 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 (WHO). Since then, BK stock has increased by 3.5% and is now trading at $35.40. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Bank of New York Mellon? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 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 Bank of New York Mellon. When is Bank of New York Mellon's next earnings date? Bank of New York Mellon is scheduled to release its next quarterly earnings announcement on Friday, October 16th 2020. View our earnings forecast for Bank of New York Mellon. How can I listen to Bank of New York Mellon's earnings call? Bank of New York Mellon will be holding an earnings conference call on Friday, October 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available. How were Bank of New York Mellon's earnings last quarter? Bank of New York Mellon Corp (NYSE:BK) released its quarterly earnings results on Wednesday, July, 15th. The bank reported $1.01 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.91 by $0.10. The bank earned $4.01 billion during the quarter, compared to analyst estimates of $3.91 billion. Bank of New York Mellon had a return on equity of 10.34% and a net margin of 22.31%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. View Bank of New York Mellon's earnings history. 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 announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Monday, July 27th will be paid a dividend of $0.31 per share on Friday, August 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Friday, July 24th. View Bank of New York Mellon's dividend history. 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 share buyback plan on Thursday, June 27th 2019, which allows the company to buyback $3,940,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 9.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued. What price target have analysts set for BK? 18 analysts have issued 1-year price objectives for Bank of New York Mellon's shares. Their forecasts range from $39.00 to $54.00. On average, they anticipate Bank of New York Mellon's share price to reach $45.53 in the next twelve months. This suggests a possible upside of 28.6% from the stock's current price. View analysts' price targets for Bank of New York Mellon. Are investors shorting Bank of New York Mellon? Bank of New York Mellon saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,610,000 shares, a decline of 12.5% from the August 15th total of 7,550,000 shares. Based on an average daily volume of 5,280,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are short sold. View Bank of New York Mellon's Short Interest. Who are some of Bank of New York Mellon's key competitors? Some companies that are related to 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), Ares Capital (ARCC), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Golub Capital BDC (GBDC). View all competitors. 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), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), AT&T (T), Intel (INTC), Cisco Systems (CSCO), Walt Disney (DIS), Wells Fargo & Company (WFC), Walmart (WMT) and Johnson & Johnson (JNJ). Who are Bank of New York Mellon's key executives? Bank of New York Mellon's management team includes the following people: Mr. Charles W. Scharf, Chairman & CEO (Age 54)Mr. Michael P. Santomassimo, Sr. EVP & CFO (Age 44)Ms. Bridget Engle, Sr. EVP & Chief Information Officer (Age 55)Mr. Thomas P. Gibbons, Vice Chairman and CEO of Clearing, Markets & Client Management (Age 62)Mr. Mitchell Evan Harris, Sr. EVP & CEO of Investment Management (Age 64) 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.30%), BlackRock Inc. (5.89%), First Eagle Investment Management LLC (2.09%), Macquarie Group Ltd. (2.00%), FMR LLC (1.83%) and Davis Selected Advisers (1.81%). Company insiders that own 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 Bank of New York Mellon. Which major investors are selling Bank of New York Mellon stock? BK stock was sold by a variety of institutional investors in the last quarter, including New England Asset Management Inc., Point72 Asset Management L.P., Balyasny Asset Management LLC, M&G Investment Management Ltd., BlackRock Inc., Macquarie Group Ltd., Gillson Capital LP, and Gamco Investors INC. ET AL. Company insiders that have sold 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 Bank of New York Mellon. Which major investors are buying Bank of New York Mellon stock? BK stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Man Group plc, AJO LP, Nuveen Asset Management LLC, Robeco Institutional Asset Management B.V., Great West Life Assurance Co. Can, Prudential Financial Inc., and LSV Asset Management. View insider buying and selling activity for Bank of New York Mellon. How do I buy shares of 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. What is Bank of New York Mellon's stock price today? One share of BK stock can currently be purchased for approximately $35.40. How big of a company is Bank of New York Mellon? Bank of New York Mellon has a market capitalization of $31.36 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. Bank of New York Mellon employs 48,400 workers across the globe. What is Bank of New York Mellon's official website? The official website for Bank of New York Mellon is www.bnymellon.com. 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 bank can be reached via phone at 212-495-1784 or via email at [email protected] This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
