Media coverage about Bank of New York Mellon Corp (NYSE:BK) has trended somewhat positive recently, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of New York Mellon Corp earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also gave media headlines about the bank an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Alpha One Sentiment’s analysis:
- Time To Rake In Healthy Returns From The Bank of New York Mellon Corporation (BK) – StockNewsMagazine (stocknewsmagazine.com)
- First Quarter Plan Sponsor Returns Stay Positive with International Equity Leading the Way, according to BNY Mellon … – PR Newswire (press release) (prnewswire.com)
- First Quarter Plan Sponsor Returns Stay Positive with International Equity Leading the Way, according to BNY Mellon U.S. Master Trust Universe/Asset Strategy View® (finance.yahoo.com)
- Bank of New York Mellon Corp (BK) Given Hold Rating at Jefferies Group LLC (americanbankingnews.com)
- The Bank of New York Mellon Corp (BK) Shares Bought by City Holding Co. – BangaloreWeekly (bangaloreweekly.com)
A number of equities analysts recently commented on the company. Jefferies Group LLC restated a “hold” rating and set a $52.00 target price on shares of Bank of New York Mellon Corp in a report on Wednesday. Deutsche Bank AG decreased their price objective on Bank of New York Mellon Corp from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 6th. Rafferty Capital Markets reiterated a “buy” rating and issued a $53.00 price objective on shares of Bank of New York Mellon Corp in a report on Tuesday, April 25th. Royal Bank of Canada reiterated a “hold” rating and issued a $52.00 price objective on shares of Bank of New York Mellon Corp in a report on Tuesday, April 4th. Finally, Zacks Investment Research downgraded Bank of New York Mellon Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.07.
Shares of Bank of New York Mellon Corp (NYSE:BK) traded down 1.89% on Wednesday, reaching $46.29. The company’s stock had a trading volume of 8,637,633 shares. The firm has a 50 day moving average price of $47.09 and a 200-day moving average price of $46.89. Bank of New York Mellon Corp has a 12-month low of $35.72 and a 12-month high of $49.54. The stock has a market cap of $48.14 billion, a PE ratio of 14.24 and a beta of 1.32.
Bank of New York Mellon Corp (NYSE:BK) last posted its earnings results on Thursday, April 20th. The bank reported $0.80 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.80. Bank of New York Mellon Corp had a return on equity of 9.74% and a net margin of 22.64%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that Bank of New York Mellon Corp will post $3.51 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Tuesday, May 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, April 28th. Bank of New York Mellon Corp’s dividend payout ratio is currently 24.05%.
In related news, EVP J Kevin Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $47.64, for a total transaction of $476,400.00. Following the transaction, the executive vice president now owns 100,487 shares of the company’s stock, valued at $4,787,200.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Thomas P. Gibbons sold 102,174 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $47.71, for a total value of $4,874,721.54. Following the transaction, the insider now directly owns 271,416 shares in the company, valued at approximately $12,949,257.36. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
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About Bank of New York Mellon Corp
The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.
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