Bank of New York Mellon (BK) Stock Price, News & Analysis

Company Overview

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. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

Key Stats

• Today's Range: $71.18 to $71.96
• 50-Day Range: $61.43 to $71.82
• 52-Week Range: $39.66 to $71.96
• Volume: 8.68 million shs
• Average Volume: 3.83 million shs
• Market Capitalization: $53.71 billion
• P/E Ratio: 16.63
• Dividend Yield: 2.62%
• Price Target: $66.59
• Consensus Rating: Moderate Buy

Bank of New York Mellon Stock Analysis - MarketRank™

Bank of New York Mellon scored higher than 95% of companies evaluated by MarketBeat, and ranked 82nd out of 904 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Bank of New York Mellon has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bank of New York Mellon has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.55%

Earnings Growth

Earnings for Bank of New York Mellon are expected to grow by 11.55% in the coming year, from $5.63 to $6.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bank of New York Mellon is 16.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.88.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bank of New York Mellon is 16.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.38.

Price to Earnings Growth Ratio

Bank of New York Mellon has a PEG Ratio of 1.17. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Bank of New York Mellon has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.56% of the float of Bank of New York Mellon has been sold short.

Short Interest Ratio / Days to Cover

Bank of New York Mellon has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bank of New York Mellon has recently increased by 21.74%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Bank of New York Mellon pays a meaningful dividend of 2.65%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Bank of New York Mellon has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Bank of New York Mellon is 43.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Bank of New York Mellon will have a dividend payout ratio of 29.94% next year. This indicates that Bank of New York Mellon will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.1 / 5
• Environmental Score: -0.21

Percentage of Shares Shorted

1.56% of the float of Bank of New York Mellon has been sold short.

Short Interest Ratio / Days to Cover

Bank of New York Mellon has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bank of New York Mellon has recently increased by 21.74%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.73

News Sentiment

Bank of New York Mellon has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Bank of New York Mellon this week, compared to 10 articles on an average week.

Search Interest

24 people have searched for BK on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Bank of New York Mellon to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Bank of New York Mellon insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $961,650.00 in company stock.

Percentage Held by Insiders

Only 0.14% of the stock of Bank of New York Mellon is held by insiders.

Percentage Held by Institutions

85.31% of the stock of Bank of New York Mellon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BK Stock Analysis - Frequently Asked Questions

How have BK shares performed this year?

Bank of New York Mellon's stock was trading at $52.05 at the start of the year. Since then, BK stock has increased by 38.0% and is now trading at $71.82.
View the best growth stocks for 2024 here.

How were Bank of New York Mellon's earnings last quarter?

The Bank of New York Mellon Co. (NYSE:BK) issued its earnings results on Friday, July, 12th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. The business's revenue was up 2.1% compared to the same quarter last year.
Read the conference call transcript.

Does Bank of New York Mellon have any subsidiaries?

Bank of New York Mellon subsidiaries include these companies: Milestone Group, DBV-X, Cutwater Asset Management, I3 Advisors, Albridge, PNC Global Investment Servicing, Insight Investment, and others.

Who are Bank of New York Mellon's major shareholders?

Bank of New York Mellon's top institutional shareholders include First Eagle Investment Management LLC (2.10%), Ameriprise Financial Inc. (1.39%), American Century Companies Inc. (1.14%) and Victory Capital Management Inc. (1.10%). Insiders that own company stock include Thomas P Gibbons, Hanneke Smits, Senthilkumar Santhanakrishnan, J Kevin Mccarthy, Catherine Keating and Kurtis R Kurimsky.
View institutional ownership trends.

How do I buy shares of Bank of New York Mellon?

Shares of BK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bank of New York Mellon own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bank of New York Mellon investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), AT&T (T), Intel (INTC), Johnson & Johnson (JNJ) and Walt Disney (DIS).

Company Calendar

• Last Earnings: 7/12/2024
• Ex-Dividend for 8/2 Dividend: 7/22/2024
• Dividend Payable: 8/02/2024
• Today: 9/22/2024
• Next Earnings (Confirmed): 10/11/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:BK
• CUSIP: 06405810
• CIK: 1390777
• Web: www.bnymellon.com
• Phone: (212) 495-1784
• Fax: 302-655-5049
• Employees: 53,400
• Year Founded: 1784

Price Target and Rating

• Average Stock Price Target: $66.59
• High Stock Price Target: $75.00
• Low Stock Price Target: $54.50
• Potential Upside/Downside: -7.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.55
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.32
• Trailing P/E Ratio: 16.63
• Forward P/E Ratio: 12.76
• P/E Growth: 1.17
• Net Income: $3.29 billion
• Net Margins: 9.40%
• Pretax Margin: 11.34%
• Return on Equity: 11.87%
• Return on Assets: 1.03%

Debt

• Debt-to-Equity Ratio: 0.85
• Current Ratio: 0.70
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $17.49 billion
• Price / Sales: 3.07
• Cash Flow: $8.28 per share
• Price / Cash Flow: 8.67
• Book Value: $48.17 per share
• Price / Book: 1.49

Miscellaneous

• Outstanding Shares: 747,816,000
• Free Float: 746,769,000
• Market Cap: $53.71 billion
• Optionable: Optionable
• Beta: 1.08