Bank of New York Mellon (BK) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 5 hold ratings and 4 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.
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9 analysts have issued 1-year target prices for Bank of New York Mellon's stock. Their BK share price targets range from $44.00 to $66.00. On average, they anticipate the company's share price to reach $58.17 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
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Bank of New York Mellon's stock was trading at $52.05 on January 1st, 2024. Since then, BK shares have increased by 4.6% and is now trading at $54.47.
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Bank of New York Mellon saw a drop in short interest in March. As of March 31st, there was short interest totaling 7,070,000 shares, a drop of 6.9% from the March 15th total of 7,590,000 shares. Based on an average trading volume of 3,960,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.9% of the shares of the stock are short sold.
View Bank of New York Mellon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our BK earnings forecast.

The Bank of New York Mellon Co. (NYSE:BK) posted its earnings results on Tuesday, April, 16th. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.10. The bank earned $4.53 billion during the quarter, compared to analyst estimates of $4.39 billion. Bank of New York Mellon had a net margin of 10.01% and a trailing twelve-month return on equity of 11.63%. The company's revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share.
Read the conference call transcript.

Bank of New York Mellon declared a quarterly dividend on Tuesday, April 16th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.42 per share on Thursday, May 9th. This represents a $1.68 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, April 25th.
Read our dividend analysis for BK.

Bank of New York Mellon (NYSE:BK) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.05%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BK will have a dividend payout ratio of 28.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BK.

ETFs with the largest weight of Bank of New York Mellon (NYSE:BK) stock in their portfolio include Davis Select Financial ETF (DFNL), Invesco KBW Bank ETF (KBWB), USCF Dividend Income Fund (UDI), Davis Select U.S. Equity ETF (DUSA), VanEck Morningstar Global Wide Moat ETF (MOTG), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT), American Century Focused Large Cap Value ETF (FLV) and SPDR S&P Capital Markets ETF (KCE).

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.

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).

Bank of New York Mellon's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Miller Howard Investments Inc. NY (0.15%), Matrix Asset Advisors Inc. NY (0.07%), CWM LLC (0.06%), Matthew Goff Investment Advisor LLC (0.04%), Cacti Asset Management LLC (0.03%) and Cardinal Capital Management (0.02%). Insiders that own company stock include Catherine Keating, Hanneke Smits, J Kevin Mccarthy, Kurtis R Kurimsky, Salla Francis J La and Thomas P Gibbons.
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Shares of BK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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