Bank of New York Mellon Corp (NYSE:BK)‘s stock had its “hold” rating restated by analysts at Jefferies Group LLC in a research note issued on Wednesday. They currently have a $52.00 price objective on the bank’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 10.22% from the company’s current price.

Other analysts also recently issued reports about the stock. Deutsche Bank AG dropped their target price on shares of Bank of New York Mellon Corp from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Rafferty Capital Markets restated a “buy” rating and set a $53.00 target price on shares of Bank of New York Mellon Corp in a report on Tuesday, April 25th. Royal Bank of Canada restated a “hold” rating and set a $52.00 target price on shares of Bank of New York Mellon Corp in a report on Tuesday, April 4th. Zacks Investment Research downgraded shares of Bank of New York Mellon Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Finally, Evercore ISI downgraded shares of Bank of New York Mellon Corp from a “hold” rating to an “underperform” rating and set a $48.00 target price on the stock. in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $51.07.

Analyst Recommendations for Bank of New York Mellon Corp (NYSE:BK)

Bank of New York Mellon Corp (NYSE:BK) traded down 1.558% during midday trading on Wednesday, hitting $46.445. 2,473,611 shares of the stock were exchanged. The firm has a market capitalization of $48.30 billion, a price-to-earnings ratio of 14.286 and a beta of 1.32. The company has a 50 day moving average price of $47.11 and a 200 day moving average price of $46.89. Bank of New York Mellon Corp has a one year low of $35.72 and a one year high of $49.54.

Bank of New York Mellon Corp (NYSE:BK) last announced its earnings results on Thursday, April 20th. The bank reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.83 billion. Bank of New York Mellon Corp had a net margin of 22.64% and a return on equity of 9.74%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. Equities analysts anticipate that Bank of New York Mellon Corp will post $3.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Tuesday, May 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.61%. Bank of New York Mellon Corp’s dividend payout ratio (DPR) is presently 24.05%.

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In related news, Vice Chairman Thomas P. Gibbons sold 102,174 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $47.71, for a total value of $4,874,721.54. Following the completion of the transaction, the insider now directly owns 271,416 shares of the company’s stock, valued at $12,949,257.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP J Kevin Mccarthy sold 10,000 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $47.64, for a total transaction of $476,400.00. Following the completion of the transaction, the executive vice president now directly owns 100,487 shares of the company’s stock, valued at $4,787,200.68. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in BK. Dodge & Cox purchased a new position in Bank of New York Mellon Corp during the fourth quarter valued at $2,352,702,000. Princeton Alpha Management LP boosted its position in Bank of New York Mellon Corp by 21.4% in the third quarter. Princeton Alpha Management LP now owns 69,860 shares of the bank’s stock valued at $2,786,000 after buying an additional 12,326 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Bank of New York Mellon Corp by 101.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 28,596 shares of the bank’s stock valued at $1,355,000 after buying an additional 14,409 shares in the last quarter. Aviva PLC boosted its position in Bank of New York Mellon Corp by 6.2% in the fourth quarter. Aviva PLC now owns 702,035 shares of the bank’s stock valued at $33,269,000 after buying an additional 41,208 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Bank of New York Mellon Corp by 31.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 70,046 shares of the bank’s stock valued at $3,309,000 after buying an additional 16,740 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:BK

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