Economy

Athenahealth, Inc. (ATHN) Shares Sold by Bank of New York Mellon Corp

Deutsche Bank AG upped their target price on Bank Of New York Mellon Corporation (The) from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 21st. Currently, the stock has a 1 Year Price Target of $56.11.

ATHN has been the topic of several recent research reports. "Has $8.77 Million Position in Bank Of New York Mellon Corporation (The) (BK)" was originally reported by Week Herald and is owned by of Week Herald. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The company now has a consensus rating of Hold and an average price target of $53.59.

The Bank of New York Mellon Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Vice Chairman Shea Brian T has sold 44,250 shares of The Bank of New York Mellon Corporation (BK) in trading session dated August 16, 2017. The firm has a 50 day moving average price of $46.39 and a 200 day moving average price of $43.57. The firm has a market capitalization of $53.24 billion, a price-to-earnings ratio of 15.28 and a beta of 1.14. More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Law360.com and their article: "BNY Mellon Gets Quick Wins On Some Claims In RMBS Suit" published on September 08, 2017 as well as Chron.com's news article titled: "BNY Mellon Wealth Management opens Houston office" with publication date: August 21, 2017.

08/09/2017 - Wells Fargo began new coverage on Bank Of New York Mellon Corporation (The) giving the company a "market perform" rating.

At the end of June reporting period, 379 institutional holders increased their position in The Bank of New York Mellon Corporation (NYSE:BK) by some 39,183,143 shares, 445 decreased positions by 45,115,409 and 177 held positions by 769,447,982. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.91 billion. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $140.00 price target (up previously from $118.00) on shares of athenahealth in a report on Friday, May 19th.

T-Mobile US, Inc. (TMUS) have shown a high EPS growth of 17.00% in the last 5 years and has earnings rose of 104.60% yoy. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Bank Of New York Mellon Corporation (The) by 4.4% in the 1st quarter. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright law. Salzhauer Michael who had been investing in Bank New York Mellon Corp for a number of months, seems to be less bullish one the $53.24 billion market cap company. Jericho Capital Asset Management Lp acquired 1.05 million shares as Zendesk Inc (ZEN)'s stock declined 10.76%. This repurchase authorization permits the bank to buy up to 5.9% of its shares through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued. The shares were sold at an average price of $139.77, for a total value of $559,080.00. Following the completion of the purchase, the chief executive officer now directly owns 73,640 shares in the company, valued at $3,963,304.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Brian T. Shea sold 44,250 shares of the firm's stock in a transaction on Wednesday, August 16th. A low ratio will specify that there is a probable undervaluation, while a ratio that is comparatively high above the average may indicate overvaluation. The disclosure for this sale can be found here. The volume of 4.36 Million shares climbed up over an trading activity of 4.14 Million shares. BlackRock Inc. boosted its position in shares of Bank Of New York Mellon Corporation (The) by 2,064.6% in the 1st quarter. Ledyard National Bank owns 10,795 shares or 0.02% of their U.S. portfolio. Schnieders Capital Mgmt Ltd Liability holds 0.28% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 11,670 shares. The return on equity ratio or ROE stands at 9.9 percent while most common profitability ratio return on investment (ROI) was 3.3 percent.

01/06/2017 - Bank Of New York Mellon Corporation (The) was downgraded to "neutral" by analysts at JP Morgan. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 57,477,863 shares of the stock are valued at $2.9 billion. Robert W. Baird reaffirmed a "buy" rating and issued a $170.00 price target on shares of athenahealth in a report on Thursday, August 31st. Longview Partners Guernsey LTD now owns 16,519,184 shares of the bank's stock valued at $842,809,000 after purchasing an additional 726,898 shares during the period.

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services.



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