Recent hedge fund activity includes Olistico Wealth LLC buying shares in Bank of New York Mellon for about $30,000, with similar purchases made by Clearstead Trust LLC, Kathleen S. Wright Associates Inc., Able Wealth Management LLC, and Family Firm Inc. Overall, hedge funds hold 85.31% of the stock.
Wall Street Analysts Forecast Growth
Analysts have positive outlooks for Bank of New York Mellon (BK). Goldman Sachs raised their price target from $74 to $80, while Barclays increased theirs from $68 to $75. Overall, there are five “hold” ratings and eight “buy” ratings, resulting in an average rating of “Moderate Buy” with a target of $69.38.
Get Our Latest Research Report on Bank of New York Mellon
Insider Transactions
VP Hanneke Smits sold 15,000 shares for about $961,650 on July 18. She now owns 173,930 shares valued at over $11 million. Corporate insiders own just 0.14% of shares.
Bank of New York Mellon Stock Overview
BK opened at $70.82. Key metrics include a market cap of $52.96 billion, a P/E ratio of 16.39, and a 52-week range of $39.66 to $73.19. Recently, the bank posted $1.51 EPS, above estimates, with a revenue of $4.60 billion.
Dividend Increase
The company recently raised its dividend to $0.47 per share. The annual yield is 2.65%, with a payout ratio of 43.52%.
Bank of New York Mellon Company Profile
The Bank of New York Mellon Corporation offers various financial services, including Securities Services and Wealth Management. They focus on custody, accounting, and liquidity services.
See Also
- Five stocks we like better than Bank of New York Mellon
- What is the Australian Securities Exchange (ASX)
- When Is the Best Time to Invest in Mutual Funds?
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Is NVIDIA Stock in a Correction or Consolidation?
- Where Do I Find 52-Week Highs and Lows?
- 3 Oversold Stocks with Big RSI Rebound Potential
Receive News & Ratings for Bank of New York Mellon Daily – Enter your email to get updates on Bank of New York Mellon and related companies via MarketBeat.com’s FREE daily email newsletter.
`
