Wednesday, 26 April, 2017

Bank of New York Mellon posts 1Q profit

Gene J. Puskar  Associated Press Gene J. Puskar Associated Press
Clarence Schmidt | 21 April, 2017, 04:24

TN acquired a new stake in Bank of New York Mellon Corp during the first quarter valued at $473,000. Bank of New York Mellon Corp's dividend payout ratio is now 24.05%.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. The Bank of New York Mellon Corporation Asset Management has a PEG of 1.33 alongside a PS value of 13.57 and a PB value of 1.4. Northern Trust Corp now owns 12,766,597 shares of the bank's stock worth $509,132,000 after buying an additional 88,183 shares during the last quarter. Finally, Aviva PLC boosted its stake in shares of Bank of New York Mellon Corp by 6.2% in the fourth quarter.

Several investment firms issued their expert ratings on The Bank of New York Mellon Corporation (BK) in which Keefe Bruyette & Woods Downgrades The Bank of New York Mellon Corporation (BK) to Market Perform with no specific Price Target on 1/20/17. The share price is trading in a range of $46.50 - 47.08. The stock has a market cap of $48.62 billion, a price-to-earnings ratio of 14.88 and a beta of 1.32. Bank of New York Mellon Corp has a 52-week low of $35.72 and a 52-week high of $49.54.

The Bank of New York Mellon Corporation (NYSE:BK) shares slumped -1.00% to $46.42 on Thursday. The company has earned $922 million, or $0.83 a share in the quarter, compared with $817 million, or $0.73 a share for the same period past year. At present, the Gross Margin for The Bank of New York Mellon Corporation BK Asset Management is moving around at *TBA alongside a Profit Margin of 94.30%. In comparison, Citi reported a 3% year-on-year decline in its securities services revenue of $543 million. BK has P/E (Price to Earnings ttm) value of 14.95, Forward P/E of 12.07, P/C (Price to cash per share) of 0.44 and Price to Free Cash Flow (P/FCF) value of 10.49.

The company's expected revenue in the current quarter to be 3.83 Billion, seeing a projected current quarter growth of 8.1%, and per annum growth estimates over the next 5 year period of around 11.2%.

WARNING: "Bank of New York Mellon Corp (BK) Position Lowered by Portland Global Advisors LLC" was reported by Markets Daily and is the property of of Markets Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright laws.

Analysts await FairPoint Communications Inc (NASDAQ:FRP) to report earnings on May, 3. Raymond James Upgrades the company's stock to Strong Buy on 12/28/16 by setting a price target of $57. Los Angeles Capital Management Equity Inc holds 0.14% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 370,392 shares. Finally, Zacks Investment Research lowered shares of Bank of New York Mellon Corp from a buy rating to a hold rating in a research note on Tuesday, January 24th. Deutsche Bank AG reduced their price objective on shares of Bank of New York Mellon Corp from $55.00 to $54.00 and set a "buy" rating for the company in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Following the transaction, the insider now directly owns 348,486 shares in the company, valued at approximately $15,706,264.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company's stock.

11/22/2016 - Credit Suisse began new coverage on Bank Of New York Mellon Corporation (The) giving the company a " rating.

The Bank of New York Mellon Corporation is an investments company. The stock is presently trading up its SMA-50 of $20.28.

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