Media stories about Bank of New York Mellon (NYSE:BK) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bank of New York Mellon earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.897920315391 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- BNY Mellon Still Watching for Bigger Shakeout Outside of Stocks (investing.com)
- Buffett ups stake in Apple and Bank of NY Mellon (finance.yahoo.com)
- Stock’s Technical Analysis – The Bank of New York Mellon Corporation (NYSE: BK) – Alpha Beta Stock (alphabetastock.com)
- Hot Stock in Focus: The Bank of New York Mellon Corporation (NYSE: BK) – Alpha Beta Stock (alphabetastock.com)
- $4.06 Billion in Sales Expected for Bank of New York Mellon Corp (BK) This Quarter (americanbankingnews.com)
Several analysts recently weighed in on the stock. ValuEngine raised shares of Bank of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Morgan Stanley raised shares of Bank of New York Mellon from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Friday, January 19th. Jefferies Group reaffirmed a “hold” rating on shares of Bank of New York Mellon in a research report on Friday, October 20th. Barclays reaffirmed a “buy” rating on shares of Bank of New York Mellon in a research report on Sunday, January 21st. Finally, Citigroup raised shares of Bank of New York Mellon from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.76.
Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $0.91 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.91. Bank of New York Mellon had a net margin of 24.72% and a return on equity of 10.69%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts expect that Bank of New York Mellon will post 4.05 earnings per share for the current year.
The business also recently announced 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 1.72%. The ex-dividend date was Monday, January 29th. Bank of New York Mellon’s dividend payout ratio is currently 31.58%.
In other news, CFO Thomas P. Gibbons sold 38,152 shares of the stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward P. Garden sold 650,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $52.60, for a total transaction of $34,190,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 831,944 shares of company stock valued at $43,807,887 over the last three months. Insiders own 3.60% of the company’s stock.
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About Bank of New York Mellon
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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