Bank Of New York Mellon (BK) Receiving Somewhat Positive News Coverage, Analysis Finds

Media headlines about Bank Of New York Mellon (NYSE:BK) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.5887815076383 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have recently commented on BK shares. ValuEngine raised Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada reissued a “hold” rating and issued a $58.00 target price on shares of Bank Of New York Mellon in a research note on Wednesday, November 15th. Zacks Investment Research raised Bank Of New York Mellon from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Wednesday, December 20th. Morgan Stanley lifted their target price on Bank Of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $58.00 target price (up from $52.85) on shares of Bank Of New York Mellon in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.25.

Shares of Bank Of New York Mellon (NYSE BK) traded up $0.14 during trading on Friday, hitting $54.83. The company had a trading volume of 2,510,000 shares, compared to its average volume of 4,150,000. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Bank Of New York Mellon has a twelve month low of $43.85 and a twelve month high of $55.40. The firm has a market capitalization of $56,650.00, a PE ratio of 16.13, a PEG ratio of 1.78 and a beta of 1.22.

Bank Of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. research analysts predict that Bank Of New York Mellon will post 3.55 earnings per share for the current fiscal year.

In related news, CFO Thomas P. Gibbons sold 38,152 shares of Bank Of New York Mellon stock in a transaction on Friday, December 1st. The stock was sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the completion of the sale, the chief financial officer now directly owns 310,002 shares of the company’s stock, valued at $16,786,608.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Brian T. Shea sold 22,228 shares of the business’s stock in a transaction dated 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 $9,319,836.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,708,334 shares of company stock valued at $404,956,863. 3.60% of the stock is owned by insiders.

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Bank Of New York Mellon Company Profile

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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