The Bank of New York Mellon Corporation (NYSE:BK) registered a -0.42% decrease, still its new closing price is 40.93% up from the company’s 1 year high of 49.54.It posted 0.49% gains in previous 5 sessions and is now the subject of 11 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 19 stock analysts following this company have an average price target at $52.11, with individual PT in the $48.00-$57.00 range. The shares moved at $44.78, implying that brokerage firms see shares gaining about 28.92% in twelve months time.
The Bank of New York Mellon Corporation (BK) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -5.49% fall year to date. A Managing Director at The Bank of New York Mellon Corporation (BK) offloaded shares in a transaction closed on Monday December 12, 2016. Neal Michelle M. sold 4,278 shares in the company at $48.43 each and collected $207,000 in proceeds. Neal Michelle M. now owns 49,984 shares in the company after this transaction. A Vice Chairman & CFO in the company, GIBBONS THOMAS P, disclosed a transaction on Friday December 09, 2016 that ended up generating $3,355,001 from the sale of 69,220 shares at $48.48 per share.
The Bank of New York Mellon Corporation (NYSE:BK) Upcoming Results on Tap
The Bank of New York Mellon Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.80 in that period. Sales during the quarter are predicted to arrive at $3.83 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.79 billion in revenue and EPS of $0.77. The mean forecast was for $3.85 billion and $0.77 a share, respectively. One quarter earlier, revenue for the stock was at $3.93 billion, with earnings at $0.90/share.
The Bank of New York Mellon Corporation (BK) Brokerage Update
The Bank of New York Mellon Corporation (BK) is in Keefe Bruyette’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Outperform by Keefe Bruyette, according to news reported on Friday January 20, 2017.Another important research note was issued by JP Morgan on Friday January 06, 2017.The firm downgraded BK to Neutral from Overweight. Over the last six months and over the last three months, the shares of The Bank of New York Mellon Corporation (BK), have changed 13.46% and 3.13%, respectively.