Media stories about Bank Of New York Mellon Corporation (The) (NYSE:BK) have trended somewhat positive on Saturday, AlphaOne Sentiment reports. The research group, a service of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank Of New York Mellon Corporation (The) earned a media sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave media coverage about the bank an impact score of 98 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected AlphaOne Sentiment’s analysis:
- Traders Focused Stock: The Bank of New York Mellon Corporation (BK) (latribunadecanarias.com)
- Bank of New York Mellon Corpora (BK) Reaches 52-Week High (badhub.net)
- Bank of New York Mellon : Brinker Capital Lifted Its Bank New York (BK) Position; Genesis Healthcare (GEN) Had 0 Bulls (4-traders.com)
- BNY Mellon Increases Prime Lending Rate to 4.25 Percent – GuruFocus.com (gurufocus.com)
- BNY Mellon’s Pershing Launches No-Transaction-Fee ETF Platform … – PR Newswire (press release) (prnewswire.com)
Shares of Bank Of New York Mellon Corporation (NYSE BK) traded up 0.22% during midday trading on Friday, reaching $49.89. The company’s stock had a trading volume of 5,546,209 shares. Bank Of New York Mellon Corporation has a one year low of $35.72 and a one year high of $49.94. The stock’s 50 day moving average price is $47.61 and its 200 day moving average price is $47.20. The firm has a market cap of $51.88 billion, a price-to-earnings ratio of 15.35 and a beta of 1.17.
Bank Of New York Mellon Corporation (The) (NYSE:BK) last posted its quarterly earnings results on Thursday, April 20th. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $3.84 billion during 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 for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Analysts predict that Bank Of New York Mellon Corporation will post $3.51 earnings per share for the current year.
A number of research analysts have recently commented on the company. BidaskClub upgraded Bank Of New York Mellon Corporation (The) from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Evercore ISI cut Bank Of New York Mellon Corporation (The) from a “hold” rating to an “underperform” rating and set a $48.00 price objective for the company. in a research note on Friday, March 3rd. Rafferty Capital Markets reiterated a “buy” rating and set a $53.00 price objective on shares of Bank Of New York Mellon Corporation (The) in a research note on Tuesday, April 25th. Bank of America Corporation set a $49.00 price target on Bank Of New York Mellon Corporation (The) and gave the stock a “sell” rating in a research note on Saturday, May 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $52.00 price target on shares of Bank Of New York Mellon Corporation (The) in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.93.
In other Bank Of New York Mellon Corporation (The) news, EVP J Kevin Mccarthy sold 10,000 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $47.64, for a total transaction of $476,400.00. Following the transaction, the executive vice president now directly owns 100,487 shares in the company, valued at $4,787,200.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Thomas P. Gibbons sold 102,174 shares of the company’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $47.71, for a total transaction of $4,874,721.54. Following the transaction, the insider now owns 271,416 shares in the company, valued at $12,949,257.36. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
About Bank Of New York Mellon Corporation (The)
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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