The stock touched its high share price of $49.33 on 12/08/16 and the stock also touched its Lowest price in the last 52-weeks of trading on 06/27/16 as $35.25. Bank of New York Mellon Corp has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Longview Partners Guernsey LTD now owns 17,148,086 shares of the bank's stock worth $683,866,000 after buying an additional 286,271 shares during the last quarter. Finally, Benson Investment Management Company Inc. boosted its stake in Bank of New York Mellon Corp by 0.7% in the first quarter. The stock is showing its Operating Margin of 88.1 percent.
Several investment firms issued their expert ratings on The Bank of New York Mellon Corporation (BK) in which Keefe Bruyette & Woods Downgrades The Bank of New York Mellon Corporation (BK) to Market Perform with no specific Price Target on 1/20/17. The stock's price moved up its 200-day moving average of $20.11. The stock has a market cap of $48.62 billion, a price-to-earnings ratio of 14.88 and a beta of 1.32.
( BK ) reported first quarter net income applicable to shareholders of $880 million, or $0.83 per share compared to $804 million, or $0.73 per share, in the first quarter of 2016. The company had reported the adjusted revenue growth of 3 percent to $3.84 billion in the first quarter of FY 17 from $3.73 billion in 2016, beating the analysts' estimates for revenue of $3.83 billion. The company earned $3.79 billion during the quarter, compared to the consensus estimate of $3.85 billion. Meiji Yasuda Asset Mgmt Com Limited holds 0.23% in Bank of New York Mellon Corp (NYSE:BK) or 43,163 shares. The firm's quarterly revenue was up 1.7% compared to the same quarter previous year.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 6.86%, and has a poor year to date (YTD) performance of -0.68% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Equities analysts predict that Bank of New York Mellon Corp will post $3.48 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by BBNS and is owned by of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright law. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/04/19/bank-of-new-york-mellon-corp-bk-position-lowered-by-portland-global-advisors-llc.html.
11/21/2016 - Bank Of New York Mellon Corporation (The) was downgraded to " by analysts at Buckingham Research.
US VP Mike Pence meets Indonesian president on Asia tour
Vice President Mike Pence waves before leaving for Japan, at Osan Air Base in Pyeongtaek, South Korea, Tuesday, April 18, 2017. Indonesia is one of 16 countries under review for having a trade surplus with the United States.
12/28/2016 - Bank Of New York Mellon Corporation (The) was upgraded to "strong buy" by analysts at Raymond James.
01/03/2017 - Bank Of New York Mellon Corporation (The) had its "overweight" rating reiterated by analysts at Barclays.
07/11/2016 - Bank Of New York Mellon Corporation (The) had its " rating reiterated by analysts at Jefferies. Its Target Price was fixed at 51.83 at an IPO Date of 05/03/1973.
According to the latest research reports released, 3 analysts have issued a rating of "buy", 5 analysts "outperform", 10 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". The stock was sold at an average price of $45.07, for a total value of $8,999,397.32. Following the sale, the insider now owns 348,486 shares of the company's stock, valued at $15,706,264.02. Company insiders own 3.40% of the company's stock.
Now the P/E of The Bank of New York Mellon Corporation stands at 14.89.
The Bank of New York Mellon Corporation is an investments company. 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.