Equities research analysts at Credit Suisse Group AG began coverage on shares of Bank Of New York Mellon Corp. (NYSE:BK) in a research report issued to clients and investors on Tuesday. The firm set a “neutral” rating on the stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Bank Of New York Mellon Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, October 14th. Barclays PLC restated a “buy” rating and set a $48.00 price objective on shares of Bank Of New York Mellon Corp. in a research report on Tuesday, October 11th. Deutsche Bank AG boosted their target price on shares of Bank Of New York Mellon Corp. from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Morgan Stanley raised shares of Bank Of New York Mellon Corp. from an “underweight” rating to an “equal weight” rating in a research note on Friday, October 21st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $38.00 target price on shares of Bank Of New York Mellon Corp. in a research note on Thursday, August 25th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $45.30.

Analyst Recommendations for Bank Of New York Mellon Corp. (NYSE:BK)

Bank Of New York Mellon Corp. (NYSE:BK) opened at 47.42 on Tuesday. Bank Of New York Mellon Corp. has a 1-year low of $32.20 and a 1-year high of $47.96. The stock has a 50 day moving average price of $43.08 and a 200-day moving average price of $40.91. The firm has a market cap of $50.14 billion, a P/E ratio of 16.05 and a beta of 1.30.

Bank Of New York Mellon Corp. (NYSE:BK) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. Bank Of New York Mellon Corp. had a net margin of 21.65% and a return on equity of 9.66%. The business earned $3.93 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that Bank Of New York Mellon Corp. will post $3.16 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Tuesday, November 1st were given a dividend of $0.19 per share. The ex-dividend date was Friday, October 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.60%. Bank Of New York Mellon Corp.’s dividend payout ratio (DPR) is currently 25.68%.

In other news, insider Mitchell E. Harris sold 28,779 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $43.55, for a total transaction of $1,253,325.45. Following the transaction, the insider now owns 166,196 shares in the company, valued at $7,237,835.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerald L. Hassell sold 191,042 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $43.22, for a total transaction of $8,256,835.24. Following the transaction, the chief executive officer now owns 1,003,176 shares in the company, valued at approximately $43,357,266.72. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in BK. Roble Belko & Company Inc raised its position in shares of Bank Of New York Mellon Corp. by 25.1% in the third quarter. Roble Belko & Company Inc now owns 2,502 shares of the company’s stock valued at $100,000 after buying an additional 502 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Bank Of New York Mellon Corp. during the second quarter worth $101,000. Hudock Capital Group LLC raised its stake in Bank Of New York Mellon Corp. by 0.3% in the third quarter. Hudock Capital Group LLC now owns 2,534 shares of the company’s stock worth $101,000 after buying an additional 7 shares in the last quarter. Advisory Services Network LLC raised its stake in Bank Of New York Mellon Corp. by 6.9% in the third quarter. Advisory Services Network LLC now owns 2,669 shares of the company’s stock worth $106,000 after buying an additional 173 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its stake in Bank Of New York Mellon Corp. by 5,546.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,823 shares of the company’s stock worth $110,000 after buying an additional 2,773 shares in the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.

Bank Of New York Mellon Corp. Company Profile

The Bank of New York Mellon Corporation (BNY Mellon) 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 credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

5 Day Chart for NYSE:BK

Receive News & Stock Ratings for Bank Of New York Mellon Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of New York Mellon Corp. and related stocks with our FREE daily email newsletter.