Somewhat Positive Press Coverage Somewhat Unlikely to Affect Bank Of New York Mellon (NYSE:BK) Stock Price

Media coverage about Bank Of New York Mellon (NYSE:BK) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern 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 earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.3494773553088 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Shares of Bank Of New York Mellon (BK) opened at $58.42 on Friday. The company has a market capitalization of $59,823.36, a P/E ratio of 17.08, a PEG ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69. Bank Of New York Mellon has a 52 week low of $43.85 and a 52 week high of $58.68.

Bank Of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. research analysts expect that Bank Of New York Mellon will post 3.55 earnings per share for the current fiscal year.

BK has been the subject of several research analyst reports. Royal Bank of Canada restated a “hold” rating and set a $58.00 price target on shares of Bank Of New York Mellon in a research report on Wednesday, November 15th. Credit Suisse Group reiterated a “hold” rating and issued a $55.00 target price on shares of Bank Of New York Mellon in a report on Tuesday, October 10th. Morgan Stanley lifted their target price on Bank Of New York Mellon from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. ValuEngine upgraded Bank Of New York Mellon from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, Barclays raised their price target on Bank Of New York Mellon from $55.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Bank Of New York Mellon presently has an average rating of “Hold” and an average target price of $56.59.

In other news, CFO Thomas P. Gibbons sold 38,152 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $54.15, for a total transaction of $2,065,930.80. Following the completion of the sale, the chief financial officer now directly owns 310,002 shares in the company, valued at approximately $16,786,608.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward P. Garden sold 143,792 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $52.52, for a total value of $7,551,955.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,708,334 shares of company stock worth $404,956,863. 3.60% of the stock is owned by corporate insiders.

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Bank Of New York Mellon Company Profile

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.

Insider Buying and Selling by Quarter for Bank Of New York Mellon (NYSE:BK)

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