Bank of New York Mellon Corp (NYSE:BK) – Analysis analysts at Piper Sandler boosted their FY2020 earnings per share estimates for shares of Bank of New York Mellon in a analysis notice issued to traders on Wednesday, September ninth. Piper Sandler analyst J. Harte now anticipates that the bank will earn $3.92 per share for the yr, up from their earlier estimate of $3.91. Piper Sandler additionally issued estimates for Bank of New York Mellon’s This autumn 2021 earnings at $1.01 EPS. BK has been the topic of a number of different studies. Jefferies Monetary Group upgraded shares of Bank of New York Mellon from a “maintain” score to a “purchase” score and lifted their price goal for the corporate from $40.00 to $45.00 in a analysis notice on Wednesday, July eighth. Seaport World Securities started protection on shares of Bank of New York Mellon in a analysis notice on Wednesday, July eighth. They set a “purchase” score and a $51.00 price goal for the corporate. Citigroup decreased their price goal on shares of Bank of New York Mellon from $47.00 to $45.00 and set a “purchase” score for the corporate in a analysis notice on Friday, July 17th. Bank of America lifted their price goal on shares of Bank of New York Mellon from $40.00 to $41.00 and gave the corporate a “impartial” score in a analysis notice on Friday, July 10th. Lastly, Morgan Stanley boosted their goal price on shares of Bank of New York Mellon from $41.00 to $42.00 and gave the corporate an “underweight” score in a analysis notice on Tuesday, September 1st. Three funding analysts have rated the stock with a promote score, eight have issued a maintain score and 9 have issued a purchase score to the corporate. The corporate presently has a consensus score of “Maintain” and a median goal price of $45.03.Shares of NYSE BK opened at $36.00 on Monday. The corporate has a present ratio of 0.68, a fast ratio of 0.68 and a debt-to-equity ratio of 0.74. Bank of New York Mellon has a 12 month low of $26.40 and a 12 month excessive of $51.60. The corporate has a 50 day easy shifting common of $36.78 and a two-hundred day easy shifting common of $36.53. The stock has a market cap of $31.89 billion, a price-to-earnings ratio of seven.74, a PEG ratio of 1.15 and a beta of 1.02. Bank of New York Mellon (NYSE:BK) final launched its earnings outcomes on Wednesday, July 15th. The bank reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. Bank of New York Mellon had a internet margin of 22.31% and a return on fairness of 10.34%. The corporate had income of $4.01 billion for the quarter, in comparison with the consensus estimate of $3.91 billion. Throughout the identical quarter within the earlier yr, the agency earned $1.01 EPS. Bank of New York Mellon’s income was up 2.2% in comparison with the identical quarter final yr. In different information, EVP Mitchell E. Harris offered 35,000 shares of the corporate’s stock in a transaction on Wednesday, July 22nd. The shares had been offered at a median price of $35.75, for a complete transaction of $1,251,250.00. Following the completion of the sale, the manager vp now owns 145,425 shares of the corporate’s stock, valued at $5,198,943.75. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable by this hyperlink. 0.12% of the stock is owned by company insiders. A number of institutional traders have just lately added to or diminished their stakes within the firm. Modus Advisors LLC acquired a brand new stake in shares of Bank of New York Mellon throughout the second quarter worth about $25,000. Patriot Monetary Group Insurance coverage Company LLC elevated its place in Bank of New York Mellon by 123.1% throughout the 2nd quarter. Patriot Monetary Group Insurance coverage Company LLC now owns 656 shares of the bank’s stock worth $25,000 after buying a further 362 shares within the final quarter. Campbell Wealth Administration bought a brand new stake in Bank of New York Mellon within the 2nd quarter valued at about $31,000. Ellevest Inc. grew its holdings in Bank of New York Mellon by 135.1% within the 2nd quarter. Ellevest Inc. now owns 804 shares of the bank’s stock valued at $31,000 after shopping for a further 462 shares throughout the interval. Lastly, Lloyd Advisory Companies LLC. bought a brand new stake in Bank of New York Mellon within the 2nd quarter valued at about $31,000. 82.08% of the stock is owned by institutional traders and hedge funds. About Bank of New York MellonThe Bank of New York Mellon Company supplies a variety of monetary services to establishments, companies, and excessive internet worth people in the US and internationally. The corporate operates by two segments, Funding Administration and Funding Companies. It provides funding administration, custody, overseas exchange, fund broker-dealer, collateral and liquidity, clearing, company belief, international fee, commerce finance, and cash administration companies, in addition to securities finance and depositary receipts.See Additionally: What’s the method for the cash asset ratio? This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]eight Client Staples Stocks That Provide Good ValueChances are you’ve been spending extra time at dwelling than regular. 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View the “eight Client Staples Stocks That Provide Good Worth”.
