A number of firms have modified their ratings and price targets on shares of Bank of New York Mellon (NYSE: BK) recently:
- 1/28/2025 – Bank of New York Mellon was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
- 1/21/2025 – Bank of New York Mellon had its price target raised by analysts at UBS Group AG from $88.00 to $94.00. They now have a “buy” rating on the stock.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Morgan Stanley from $90.00 to $97.00. They now have an “overweight” rating on the stock.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Barclays PLC from $102.00 to $104.00. They now have an “overweight” rating on the stock.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Evercore ISI from $79.00 to $83.00. They now have an “in-line” rating on the stock.
- 1/16/2025 – Bank of New York Mellon was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Wells Fargo & Company from $82.00 to $86.00. They now have an “equal weight” rating on the stock.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Bank of America Co. from $90.00 to $95.00. They now have a “buy” rating on the stock.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Truist Financial Co. from $91.00 to $93.00. They now have a “buy” rating on the stock.
- 1/16/2025 – Bank of New York Mellon had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $94.00 to $98.00. They now have a “buy” rating on the stock.
- 1/7/2025 – Bank of New York Mellon is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $91.00 price target on the stock.
- 1/6/2025 – Bank of New York Mellon had its price target raised by analysts at Barclays PLC from $86.00 to $102.00. They now have an “overweight” rating on the stock.
- 1/3/2025 – Bank of New York Mellon was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
- 1/3/2025 – Bank of New York Mellon had its price target lowered by analysts at Morgan Stanley from $94.00 to $90.00. They now have an “overweight” rating on the stock.
- 1/2/2025 – Bank of New York Mellon had its price target raised by analysts at Wells Fargo & Company from $81.00 to $82.00. They now have an “equal weight” rating on the stock.
- 12/14/2024 – Bank of New York Mellon was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
- 12/9/2024 – Bank of New York Mellon was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $94.00 price target on the stock, up previously from $82.00.
- 12/6/2024 – Bank of New York Mellon was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
Bank of New York Mellon Trading Down 0.3 %
NYSE:BK traded down $0.26 on Tuesday, reaching $84.94. The company’s stock had a trading volume of 977,040 shares, compared to its average volume of 3,972,712. The Bank of New York Mellon Co. has a 1-year low of $52.64 and a 1-year high of $87.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a market cap of $61.75 billion, a PE ratio of 14.62, a PEG ratio of 0.98 and a beta of 1.08. The business’s 50-day moving average price is $80.37 and its two-hundred day moving average price is $74.19.
Bank of New York Mellon (NYSE:BK – Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.18. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. Bank of New York Mellon’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. Equities research analysts anticipate that The Bank of New York Mellon Co. will post 6.86 earnings per share for the current fiscal year.
Bank of New York Mellon Announces Dividend
Hedge Funds Weigh In On Bank of New York Mellon
A number of large investors have recently made changes to their positions in BK. McClarren Financial Advisors Inc. boosted its holdings in shares of Bank of New York Mellon by 586.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank’s stock valued at $29,000 after purchasing an additional 346 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Bank of New York Mellon in the 4th quarter worth about $39,000. Fortitude Family Office LLC raised its position in shares of Bank of New York Mellon by 130.6% in the 3rd quarter. Fortitude Family Office LLC now owns 611 shares of the bank’s stock worth $44,000 after acquiring an additional 346 shares in the last quarter. Grove Bank & Trust raised its position in shares of Bank of New York Mellon by 28.8% in the 3rd quarter. Grove Bank & Trust now owns 644 shares of the bank’s stock worth $46,000 after acquiring an additional 144 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Bank of New York Mellon in the 3rd quarter worth about $46,000. Institutional investors own 85.31% of the company’s stock.
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.
See Also
- Five stocks we like better than Bank of New York Mellon
- Where Do I Find 52-Week Highs and Lows?
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- Golden Cross Stocks: Pattern, Examples and Charts
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
- Investing in Travel Stocks Benefits
- High-Yield Dividend King PepsiCo Offers Value Too Good to Ignore
Receive News & Ratings for The Bank of New York Mellon Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bank of New York Mellon Co and related companies with MarketBeat.com's FREE daily email newsletter.