Media headlines about Bank Of New York Mellon Corporation (The) (NYSE:BK) have trended positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank Of New York Mellon Corporation (The) earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 86 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

Several equities research analysts recently commented on the stock. Buckingham Research reiterated a “neutral” rating and set a $57.00 price target (up from $52.00) on shares of Bank Of New York Mellon Corporation (The) in a research note on Monday, July 10th. BidaskClub upgraded shares of Bank Of New York Mellon Corporation (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, July 11th. Rafferty Capital Markets reiterated a “buy” rating and set a $53.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $52.00 price target on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, April 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $51.44.

Bank Of New York Mellon Corporation (NYSE BK) opened at 52.36 on Monday. Bank Of New York Mellon Corporation has a 12 month low of $38.53 and a 12 month high of $52.50. The stock has a market capitalization of $54.45 billion, a P/E ratio of 16.11 and a beta of 1.14. The firm’s 50-day moving average is $48.27 and its 200 day moving average is $47.32.

Bank Of New York Mellon Corporation (The) (NYSE:BK) last issued its 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 company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Bank Of New York Mellon Corporation (The) had a net margin of 23.12% and a return on equity of 9.97%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that Bank Of New York Mellon Corporation will post $3.51 earnings per share for the current year.

In other Bank Of New York Mellon Corporation (The) news, Vice Chairman Thomas P. Gibbons sold 102,174 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $47.71, for a total transaction of $4,874,721.54. Following the sale, the insider now directly owns 271,416 shares of the company’s stock, valued at $12,949,257.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J Kevin Mccarthy sold 10,000 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $47.64, for a total transaction of $476,400.00. Following the sale, the executive vice president now directly owns 100,487 shares in the company, valued at $4,787,200.68. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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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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