Bank of New York Mellon (BK) Earning Positive Press Coverage, Analysis Shows
News stories about Bank of New York Mellon (NYSE:BK) have trended positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of New York Mellon earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.2822435140875 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- $4.06 Billion in Sales Expected for Bank of New York Mellon Corp (BK) This Quarter (americanbankingnews.com)
- Do technicals still doubt? The Bank of New York Mellon Corporation (BK), GGP Inc. (GGP) – Market Movers (financialqz.com)
- Volatile Stock to Watch – The Bank of New York Mellon Corporation (NYSE: BK) – Alpha Beta Stock (alphabetastock.com)
- Brokerages Anticipate Bank of New York Mellon Corp (BK) Will Post Earnings of $0.96 Per Share (americanbankingnews.com)
- Rhythm Flaming Limited — Moody’s assigns P-3 to Rhythm Flaming’s notes, supported by SCPG Holdings and Bank of Shanghai, Shenzhen Branch (finance.yahoo.com)
Shares of Bank of New York Mellon (NYSE:BK) traded up $0.20 on Tuesday, hitting $54.81. 3,100,000 shares of the stock were exchanged, compared to its average volume of 4,960,000. The firm has a market capitalization of $56,130.00, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.70 and a quick ratio of 0.69. Bank of New York Mellon has a 1-year low of $45.12 and a 1-year high of $58.99.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Tuesday, January 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio is currently 25.81%.
Several equities research analysts recently issued reports on BK shares. Barclays lifted their price objective on shares of Bank of New York Mellon from $55.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group reissued a “buy” rating and set a $58.00 target price (up previously from $52.85) on shares of Bank of New York Mellon in a research report on Friday, October 20th. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Royal Bank of Canada reissued 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. Finally, Sandler O’Neill reissued a “hold” rating and set a $58.00 target price on shares of Bank of New York Mellon in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Bank of New York Mellon has a consensus rating of “Hold” and a consensus price target of $56.76.
In other news, Director Edward P. Garden sold 143,792 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $52.52, for a total transaction of $7,551,955.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas P. Gibbons sold 38,152 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the transaction, the chief financial officer now directly owns 310,002 shares of the company’s stock, valued at approximately $16,786,608.30. The disclosure for this sale can be found here. Insiders have sold 831,944 shares of company stock valued at $43,807,887 in the last ninety days. 3.60% of the stock is owned by company insiders.
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.
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