Bank of New York Mellon Corp (NYSE:BK) price target lowered to $53.00 by Buckingham Research

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

Today, Buckingham Research lowered its price target on Bank of New York Mellon Corp (NYSE:BK) to $53.00 per share.

There are 5 Hold Ratings, 4 Buy Ratings, 2 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Bank of New York Mellon Corp (NYSE:BK) is Hold with a consensus target price of $55.1250 per share, a potential 14.15% upside.

Some recent analyst ratings include

  • 1/23/2019-Bank of New York Mellon Corp (NYSE:BK) had its Buy rating reiterated by Vining Sparks with a $55.00 price target
  • 1/9/2019-Bank of New York Mellon Corp (NYSE:BK) gets downgraded to Neutral by Citigroup with a price target of $52.00
  • 10/19/2018-Bank of New York Mellon Corp (NYSE:BK) gets downgraded to Underperform by Keefe, Bruyette & Woods with a price target of $49.00
  • On 3/13/2019 Edward P Garden, Director, sold 171,960 with an average share price of $52.28 per share and the total transaction amounting to $8,990,068.80.
  • On 3/11/2019 Edward P Garden, Director, sold 1,336 with an average share price of $52.00 per share and the total transaction amounting to $69,472.00.
  • On 3/1/2019 Kurtis R Kurimsky, Insider, sold 5,797 with an average share price of $53.00 per share and the total transaction amounting to $307,241.00.
  • On 2/15/2019 Bridget E Engle, VP, sold 22,670 with an average share price of $52.99 per share and the total transaction amounting to $1,201,283.30.
  • On 2/15/2019 Charles W Scharf, CEO, sold 4,674 with an average share price of $52.99 per share and the total transaction amounting to $247,675.26.
  • On 1/28/2019 Trian Fund Management, L.P., Director, sold 2,107,000 with an average share price of $53.48 per share and the total transaction amounting to $112,682,360.00.
  • On 1/25/2019 Edward P Garden, Director, sold 1,400,000 with an average share price of $53.64 per share and the total transaction amounting to $75,096,000.00.

About Bank of New York Mellon Corp (NYSE:BK)
The Bank of New York Mellon Corporation provides a range of financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. The company operates through two segments, Investment Management and Investment Services. It offers investment management, custody, foreign exchange, fund broker-dealer, collateral and liquidity, clearing, corporate trust, global payment, trade finance, and cash management services, as well as securities finance and depositary receipts. The company also provides mutual funds, separate accounts, and wealth management and private banking services; and trust and registered investment advisory services. In addition, it engages in leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit activities. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.

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 48,30 −0,055 0,11 % with 48.37 shares trading hands.