Are Analysts Bullish The Bank of New York Mellon Corporation (NYSE:BK) After Last Week?

January 17, 2018 - By reb123z

 Are Analysts Bullish The Bank of New York Mellon Corporation (NYSE:BK) After Last Week?
Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It improved, as 34 investors sold The Bank of New York Mellon Corporation shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported.
Qci Asset Management reported 0.01% stake. Laurion Capital Management Ltd Partnership holds 0.06% in The Bank of New York Mellon Corporation (NYSE:BK) or 235,800 shares. 19,108 were reported by Edgemoor Advsr. Strategic Services accumulated 0.91% or 104,096 shares. Ariel Invs Llc holds 103,249 shares or 0.06% of its portfolio. Synovus Financial invested in 12,040 shares or 0.01% of the stock. Moreover, Gamco Et Al has 1.77% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 5.41M shares. Usca Ria Ltd Liability Corp reported 9,728 shares stake. Cornercap Counsel has 0.23% invested in The Bank of New York Mellon Corporation (NYSE:BK). Schulhoff Co Inc invested 0.47% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Jolley Asset Mngmt Ltd Co accumulated 155 shares. Salient Tru Lta invested 0.07% in The Bank of New York Mellon Corporation (NYSE:BK). 15,971 were reported by Dorsey & Whitney Co Lc. Cs Mckee L P reported 1.97% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Cubist Systematic Strategies Ltd Liability Corp has invested 0.05% in The Bank of New York Mellon Corporation (NYSE:BK).

The Bank of New York Mellon Corporation (NYSE:BK) Ratings Coverage

Among 23 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. The Bank Of New York Mellon Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Thursday, March 17 with “Buy”. The company was upgraded on Wednesday, September 9 by Deutsche Bank. The firm has “Strong Buy” rating by Raymond James given on Wednesday, December 28. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Buy” rating given on Monday, July 18 by Deutsche Bank. The stock has “Hold” rating by RBC Capital Markets on Thursday, June 22. The company was maintained on Tuesday, January 26 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 21. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Jefferies on Tuesday, January 9. The firm has “Outperform” rating by Bernstein given on Wednesday, August 5. Credit Suisse downgraded the stock to “Neutral” rating in Monday, April 24 report. Below is a list of The Bank of New York Mellon Corporation (NYSE:BK) latest ratings and price target changes.

09/01/2018 Broker: Jefferies Rating: Hold New Target: $60.0 Maintain
10/01/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Old Target: $56 Upgrade
08/01/2018 Broker: Vining Sparks Rating: Buy New Target: $62.0
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $63.0 Maintain
12/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $61.0 Maintain
13/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $58.0 Maintain
19/10/2017 Broker: Jefferies Rating: Hold New Target: $56.0 Maintain
20/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $55 New Target: $60 Maintain
20/10/2017 Broker: Goldman Sachs Rating: Buy New Target: $58.0
09/10/2017 Broker: Citigroup Rating: Neutral Old Target: $53 New Target: $56 Maintain

The stock decreased 1.51% or $0.88 during the last trading session, reaching $57.54. About 5.86M shares traded or 31.79% up from the average. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 17, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

The Bank of New York Mellon Corporation provides financial services and products to institutions, firms, and high net worth individuals in the United States and internationally. The company has market cap of $58.92 billion. It operates through two divisions, Investment Management and Investment Services. It has a 16.88 P/E ratio. The firm offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services.

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Prnewswire.com which released: “BNY Mellon Investment Management Launches Dreyfus Global Multi-Asset Income Fund” on December 21, 2017, also Prnewswire.com with their article: “BNY Mellon joins IDB Invest’s Trade Finance Facilitation Program” published on December 21, 2017, Prnewswire.com published: “BNY Mellon Investment Management Completes Sale of CenterSquare” on January 02, 2018. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Reuters.com and their article: “BNY Mellon freezes $22.6 billion in Kazakh oil fund assets” published on December 21, 2017 as well as Prnewswire.com‘s news article titled: “BNY Mellon Statement on 2017 Title 1 Resolution Plan Feedback” with publication date: December 19, 2017.

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