Bank Of New York Mellon Corporation (The) (NYSE:BK) Director Edward P. Garden sold 650,000 shares of Bank Of New York Mellon Corporation (The) stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.60, for a total value of $34,190,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Bank Of New York Mellon Corporation (NYSE BK) traded down $0.10 during trading hours on Wednesday, reaching $52.42. The company’s stock had a trading volume of 4,905,400 shares, compared to its average volume of 4,575,952. 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 Corporation has a 52 week low of $43.85 and a 52 week high of $55.29. The stock has a market cap of $53,781.63, a PE ratio of 15.14, a PEG ratio of 1.98 and a beta of 1.22.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last released its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon Corporation (The) had a return on equity of 10.51% and a net margin of 23.14%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. sell-side analysts forecast that Bank Of New York Mellon Corporation will post 3.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.96 annualized dividend and a yield of 1.83%. Bank Of New York Mellon Corporation (The)’s dividend payout ratio (DPR) is presently 28.07%.

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BK has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $58.00 target price on shares of Bank Of New York Mellon Corporation (The) in a report on Wednesday, November 15th. Credit Suisse Group reaffirmed a “hold” rating and set a $55.00 target price on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday, October 10th. Morgan Stanley lifted their target price on Bank Of New York Mellon Corporation (The) from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 target price on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, September 15th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $58.00 target price (up from $52.85) on shares of Bank Of New York Mellon Corporation (The) in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Bank Of New York Mellon Corporation (The) currently has a consensus rating of “Hold” and an average target price of $55.28.

A number of large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in Bank Of New York Mellon Corporation (The) during the 3rd quarter valued at about $748,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Bank Of New York Mellon Corporation (The) by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 790,235 shares of the bank’s stock valued at $41,898,000 after buying an additional 2,584 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Bank Of New York Mellon Corporation (The) during the 3rd quarter valued at about $327,000. Moors & Cabot Inc. lifted its holdings in shares of Bank Of New York Mellon Corporation (The) by 2.9% during the 3rd quarter. Moors & Cabot Inc. now owns 40,538 shares of the bank’s stock valued at $2,153,000 after buying an additional 1,151 shares during the last quarter. Finally, Fieldpoint Private Securities LLC lifted its holdings in shares of Bank Of New York Mellon Corporation (The) by 37.9% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 5,965 shares of the bank’s stock valued at $316,000 after buying an additional 1,639 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Bank Of New York Mellon Corporation (The) 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 Corporation (The) (NYSE:BK)

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