Analyst Activity – Credit Suisse Group AG Reiterates Hold on Bank of New York Mellon Corp (NYSE:BK)

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Analyst Ratings For Bank of New York Mellon Corp (NYSE:BK)

Today, Credit Suisse Group AG reiterated its Hold rating on Bank of New York Mellon Corp (NYSE:BK).

There are 1 sell rating, 8 hold ratings, 2 buy ratings, 2 strong buy ratings on the stock.

The current consensus rating on Bank of New York Mellon Corp (NYSE:BK) is Hold (Score: 2.38) with a consensus target price of $51.91 per share, a potential 11.27% upside.

Some recent analyst ratings include

  • 4/21/2017-Credit Suisse Group AG Reiterated Rating of Hold .
  • 4/11/2017-Jefferies Group LLC Reiterated Rating of Hold.
  • 4/4/2017-Royal Bank of Canada Reiterated Rating of Hold.
  • 3/3/2017-Evercore ISI was Downgraded by analysts at Evercore ISI from a “Hold ” rating to a ” Underperform” rating. They now have a $48.00 price target on the stock.
  • 1/6/2017-JPMorgan Chase & Co. was Downgraded by analysts at JPMorgan Chase & Co. from a “Overweight ” rating to a ” Neutral” rating. They now have a $49.00 price target on the stock, up previously from $47.50 .

Dividend information for Bank of New York Mellon Corp (NYSE:BK)

Bank of New York Mellon Corp (NYSE:BK) pays an annual dividend of $0.76 with a yield of 1.63% and an average dividend growth of 7.50% based on a 3 Year Average..

Dividend History for Bank of New York Mellon Corp (NYSE:BK)

  • On 4/20/2017 Bank of New York Mellon Corp announced a quarterly dividend of $0.19 1.63% with an ex dividend date of 4/28/2017 which will be payable on 5/12/2017.
  • On 1/19/2017 Bank of New York Mellon Corp announced a quarterly dividend of $0.19 1.71% with an ex dividend date of 1/27/2017 which will be payable on 2/10/2017.
  • On 10/20/2016 Bank of New York Mellon Corp announced a Quarterly dividend of $0.19 with an ex dividend date of 10/28/2016 which will be payable on 11/10/2016.
  • On 7/21/2016 Bank of New York Mellon Corp announced a Quarterly dividend of $0.19 with an ex dividend date of 7/29/2016 which will be payable on 8/12/2016.
  • On 4/21/2016 Bank of New York Mellon Corp announced a quarterly dividend of $0.17 with an ex dividend date of 4/29/2016 which will be payable on 5/13/2016.
  • On 1/21/2016 Bank of New York Mellon Corp announced a Quarterly dividend of $0.17 with an ex dividend date of 1/29/2016 which will be payable on 2/12/2016.
  • On 10/20/2015 Bank of New York Mellon Corp announced a Quarterly dividend of $0.17 with an ex dividend date of 10/29/2015 which will be payable on 11/13/2015.

Recent Insider Trading Activity For Bank of New York Mellon Corp (NYSE:BK)
Bank of New York Mellon Corp (NYSE:BK) has insider ownership of 3.40% and institutional ownership of 82.83%.

  • On 2/8/2017 Brian T Shea, Vice Chairman, sold 199,676 with an average share price of $45.07 per share and the total transaction amounting to $8,999,397.32. View SEC Filing
  • On 10/31/2016 Gerald L Hassell, CEO, sold 40,000 with an average share price of $34.35 per share and the total transaction amounting to $1,374,000.00. View SEC Filing
  • On 10/24/2016 Gerald L Hassell, CEO, sold 191,042 with an average share price of $43.22 per share and the total transaction amounting to $8,256,835.24. View SEC Filing
  • On 10/24/2016 Mitchell E Harris, Insider, sold 28,779 with an average share price of $43.55 per share and the total transaction amounting to $1,253,325.45. View SEC Filing
  • On 10/24/2016 Thomas P Gibbons, Vice Chairman, sold 79,022 with an average share price of $43.20 per share and the total transaction amounting to $3,413,750.40. View SEC Filing
  • On 7/22/2016 Trian Fund Management, L.P., Director, bought 152,000 with an average share price of $38.87 per share and the total transaction amounting to $5,908,240.00. View SEC Filing
  • On 6/6/2016 Trian Fund Management, L.P., Director, bought 370,000 with an average share price of $42.39 per share and the total transaction amounting to $15,684,300.00. View SEC Filing

About Bank of New York Mellon Corp (NYSE:BK)
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. As of December 31, 2016, the Company had $29.9 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. The Company’s Investment Management boutiques offer a range of actively managed equity, fixed income, alternative and liability-driven investments, along with passive products and cash management. The Company offers asset servicing, clearing services, issuer services and treasury services to its clients.

Recent Trading Activity for Bank of New York Mellon Corp (NYSE:BK)
Shares of Bank of New York Mellon Corp closed the previous trading session at 46.65 down -0.21 -0.45% with 8,722,685 shares trading hands.

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