Shares of Bank of New York Mellon Corp (NYSE:BK) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $51.85.

A number of equities analysts recently weighed in on BK shares. Deutsche Bank AG dropped their price target on Bank of New York Mellon Corp from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. Evercore ISI cut 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 research note on Friday, March 3rd. Keefe, Bruyette & Woods set a $49.00 target price on Bank of New York Mellon Corp and gave the company a “hold” rating in a research note on Tuesday, April 4th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Bank of New York Mellon Corp in a research note on Friday, April 21st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $52.00 target price on shares of Bank of New York Mellon Corp in a research note on Tuesday, April 4th.

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

The company also recently declared a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Tuesday, May 2nd were issued a dividend of $0.19 per share. The ex-dividend date was Friday, April 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.60%. Bank of New York Mellon Corp’s dividend payout ratio is 24.05%.

In other news, EVP J Kevin Mccarthy sold 10,000 shares of Bank of New York Mellon Corp 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 completion of the sale, the executive vice president now directly owns 100,487 shares in the company, valued at approximately $4,787,200.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Thomas P. Gibbons sold 102,174 shares of Bank of New York Mellon Corp stock in a transaction dated 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 sale, the insider now owns 271,416 shares of the company’s stock, valued at $12,949,257.36. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in BK. Dodge & Cox bought a new stake in Bank of New York Mellon Corp during the fourth quarter valued at $2,352,702,000. Princeton Alpha Management LP raised its stake 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 during the period. Commerzbank Aktiengesellschaft FI raised its stake 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 during the period. Aviva PLC raised its stake 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 during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake 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 during the period. Institutional investors and hedge funds own 82.83% of the company’s stock.

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Bank of New York Mellon Corp 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.

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