Economy

Bank Of New York Mellon Corporation (The) (NYSE:BK) Given "Buy" Rating at Goldman Sachs Group, Inc

Cpcm LLC now owns 9,705 shares of the bank's stock worth $458,000 after buying an additional 35 shares during the period. Bank Of New York Mellon Corporation (The) makes up approximately 5.0% of Longview Partners Guernsey LTD's investment portfolio, making the stock its 6th largest position. Exane Derivatives purchased a new position in Bank Of New York Mellon Corporation (The) in the second quarter worth $130,000.

A number of other equities analysts also recently commented on the stock. The stock of Bank of New York Mellon Corp (NYSE:BK) earned "Buy" rating by Deutsche Bank on Friday, September 9. First Interstate Bank now owns 2,339 shares of the bank's stock worth $119,000 after acquiring an additional 842 shares in the last quarter. The institutional investor held 51,626 shares of the prepackaged software company at the end of 2017Q2, valued at $7.30 million, down from 60,446 at the end of the previous reported quarter. Kistler Tiffany Companies LLC now owns 4,154 shares of the bank's stock valued at $212,000 after purchasing an additional 12 shares during the period. Analysts anticipate that Bank Of New York Mellon Corporation will post $3.54 EPS for the current year. Burt Wealth Advisors now owns 2,744 shares of the bank's stock worth $139,000 after acquiring an additional 2,624 shares in the last quarter. First Interstate Bank grew its position in Bank Of New York Mellon Corporation (The) by 56.2% in the second quarter.

Northwest Investment Counselors LLC lowered its position in Bank Of New York Mellon Corporation (The) (NYSE:BK) by 7.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. First Bank & Trust now owns 4,800 shares of the bank's stock valued at $245,000 after purchasing an additional 52 shares during the period.

Shares of Bank Of New York Mellon Corporation (BK) traded up 0.39% during trading on Wednesday, hitting $51.65. About 174,723 shares traded. The stock's market cap is $3.61 billion. The company has a 50-day moving average price of $16.88 and a 200-day moving average price of $16.15. Bank Of New York Mellon Corporation has a 12-month low of $42.73 and a 12-month high of $55.29.

More notable recent Bank of New York Mellon Corp (NYSE:BK) news were published by: Businesswire.com which released: "BNY Mellon Wealth Management Named Best Private Bank in United States for Customer ..." on October 30, 2017, also Prnewswire.com with their article: "BNY Mellon Sets 2018 Investor Day Date" published on October 24, 2017, Nasdaq.com published: "Hendley & Co Inc Buys Southwest Airlines Co, Bank of New York Mellon Corp ..." on October 24, 2017. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.99 billion. Bank New York Mellon Corp now has $53.36 billion valuation. During the same quarter past year, the business posted $0.90 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, October 30th. Shufro Rose & Communications Ltd Com reported 0.04% in Bank of New York Mellon Corp (NYSE:BK). Quantum Capital Management acquired 13,000 shares as Bank New York Mellon Corp (BK)'s stock declined 1.27%. The shares were sold at an average price of $52.42, for a total value of $303,969,164.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

In other Bank Of New York Mellon Corporation (The) news, Director Trian Fund Management, L.P. sold 5,798,725 shares of the company's stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $53.13, for a total transaction of $54,785,371.41. The disclosure for this sale can be found here. The Quantum Capital Management holds 20,000 shares with $1.02 million value, up from 7,000 last quarter. The Company operates businesses through two segments: Investment Management and Investment Services. "(The)" was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another website, it was stolen and reposted in violation of United States & worldwide copyright & trademark legislation. The correct version of this story can be read at https://www.truebluetribune.com/2017/11/01/bank-of-new-york-mellon-corporation-the-bk-price-target-raised-to-60-00.html.

A number of brokerages have recently issued reports on BK. Brandywine Glob Inv Ltd Liability Corp holds 0.36% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 1.10M shares. Credit Suisse Group restated a "hold" rating and issued a $55.00 price objective on shares of Bank Of New York Mellon Corporation (The) in a report on Tuesday, October 10th. Wells Fargo & Company initiated coverage on Bank Of New York Mellon Corporation (The) in a report on Wednesday, August 9th. Finally, UBS AG downgraded shares of Bank Of New York Mellon Corporation (The) from a buy rating to a neutral rating and set a $56.00 target price on the stock.in a research note on Friday, September 8th.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Boyd Watterson Asset Mgmt Limited Liability Company Oh reported 0.45% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy and structured products.



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