Analysts See $1.04 EPS for The Bank of New York Mellon Corporation (BK) as of July, 19

June 29, 2018 - By Arnold Ferreira

The Bank of New York Mellon Corporation (NYSE:BK) Corporate Logo
During 2018 Q1 the big money sentiment decreased to 0.87. That’s change of 0.12, from 2017Q4’s 0.99. 53 investors sold all, 340 reduced holdings as The Bank of New York Mellon Corporation ratio dropped. 260 increased positions while 81 funds amassed positions. Funds hold 812.17 million shares thus 1.50% less from 2017Q4’s 824.52 million shares.
The New York-based Tower Research Cap Ltd (Trc) has invested 0.02% in The Bank of New York Mellon Corporation (NYSE:BK). 408,857 are held by Brown Advisory. Services invested in 1,364 shs. Blackrock holds 0.14% or 58.52 million shs. Shelton Capital holds 0.46% or 137,542 shs in its capital. Johnson Grp holds 9,430 shs. First Allied Advisory Svcs Inc, a Missouri-based fund reported 26,270 shs. Creative Planning holds 0.01% or 71,031 shs in its capital. Inv Ptnrs Limited Oh Adv accumulated 5,627 shs or 0.22% of the stock. Perkins Coie holds 0.06% of its capital in The Bank of New York Mellon Corporation (NYSE:BK) for 2,432 shs. Murphy Cap Mgmt Incorporated holds 0.03% or 4,438 shs. Qci Asset Mgmt owns 1,150 shs. Rafferty Asset Mngmt Ltd owns 251,120 shs for 0.19% of their capital. Columbia Asset holds 5,200 shs or 0.08% of its capital. Fmr Limited Liability accumulated 8.24 million shs.

Investors expect The Bank of New York Mellon Corporation (NYSE:BK)’s quarterly earnings on July, 19., Zacks reports. Last year’s EPS was $0.92, while now analysts expect change of 13.04 % up from current $1.04 EPS. If reported the P/E will be 13.15 with $1.05B profit. Wall Street forecasts -5.45 % negative EPS growth as of July, 19. BK reached $54.715 during the last trading session after $0.415 change.Currently The Bank of New York Mellon Corporation is uptrending after 20.30% change in last June 29, 2017. BK has 1.80M shares volume. BK outperformed by 7.73% the S&P 500.

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

In total 12 analysts cover BNY Mellon (NYSE:BK). “Buy” rating has 5, “Sell” are 2, while 5 are “Hold”. (NYSE:BK) has 42% bullish analysts. 21 are the (NYSE:BK)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. In Thursday, April 19 report Sandler O’Neill maintained it with “Hold” rating and $5600 target. In Thursday, April 5 report Jefferies maintained it with “Hold” rating and $5800 target. The company rating was upgraded by Vining Sparks on Friday, April 6. On Friday, April 20 Credit Suisse maintained The Bank of New York Mellon Corporation (NYSE:BK) with “Neutral” rating. On Thursday, April 19 the stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Keefe Bruyette & Woods. On Monday, March 12 the rating was maintained by Morgan Stanley with “Overweight”. On Monday, April 9 the stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given by Sandler O’Neill. On Friday, April 6 Deutsche Bank maintained The Bank of New York Mellon Corporation (NYSE:BK) rating. Deutsche Bank has “Buy” rating and $60 target. On Thursday, January 18 the firm has “Hold” rating by Sandler O’Neill given. On Tuesday, March 6 the rating was maintained by Deutsche Bank with “Buy”.

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 firm is valued at $55.30 billion. It operates through two divisions, Investment Management and Investment Services.13.72 is the 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.

For more The Bank of New York Mellon Corporation (NYSE:BK) news released briefly go to: Seekingalpha.com, Globenewswire.com, Seekingalpha.com, Seekingalpha.com or Prnewswire.com. The titles are as follows: “Federal Reserve objects to Deutsche Bank USA’s capital return plan” released on June 28, 2018, “Factors of Influence in 2018, Key Indicators and Opportunity within DXC Technology, Washington Prime Group, The …” on June 27, 2018, “Voya introduces lending program to retail wealth management clients” with a publish date: June 26, 2018, “Bank stocks likely to be more volatile on stress test results: Morgan Stanley” and the last “BNY Mellon Announces Intention to Increase Quarterly Common Stock Dividend by 17 Percent to $0.28 per Share and …” with publication date: June 28, 2018.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Investors Chart

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