Bank Of New York Mellon (BK) Receives News Impact Score of 0.16

Media coverage about Bank Of New York Mellon (NYSE:BK) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bank Of New York Mellon earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.5920268426568 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

Several analysts have commented on BK shares. Royal Bank of Canada reiterated a “hold” rating and set a $58.00 target price on shares of Bank Of New York Mellon in a research report on Wednesday, November 15th. Credit Suisse Group reissued a “hold” rating and issued a $55.00 price target on shares of Bank Of New York Mellon in a report on Tuesday, October 10th. Morgan Stanley boosted their price target on shares of Bank Of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. ValuEngine raised shares of Bank Of New York Mellon from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Zacks Investment Research raised shares of Bank Of New York Mellon from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.18.

Shares of Bank Of New York Mellon (NYSE BK) traded down $0.26 during midday trading on Friday, reaching $53.86. 2,369,296 shares of the company were exchanged, compared to its average volume of 4,039,749. The firm has a market cap of $55,420.07, a price-to-earnings ratio of 15.75, a PEG ratio of 1.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. Bank Of New York Mellon has a 12-month low of $43.85 and a 12-month high of $55.40.

Bank Of New York Mellon (NYSE:BK) last announced its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.99 billion. Bank Of New York Mellon had a net margin of 23.14% and a return on equity of 10.51%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. analysts expect that Bank Of New York Mellon will post 3.54 earnings per share for the current fiscal year.

In related news, Vice Chairman Brian T. Shea sold 22,228 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $51.26, for a total value of $1,139,407.28. Following the completion of the transaction, the insider now directly owns 181,815 shares of the company’s stock, valued at approximately $9,319,836.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward P. Garden sold 1,031,157 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $53.13, for a total transaction of $54,785,371.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,708,334 shares of company stock valued at $404,956,863. Company insiders own 3.60% of the company’s stock.

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About Bank Of New York Mellon

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.

Insider Buying and Selling by Quarter for Bank Of New York Mellon (NYSE:BK)

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