Bank Of New York Co Inc (NYSE:BK) Q2 2019 Sentiment

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Sentiment for Bank Of New York Co Inc (NYSE:BK)

Bank Of New York Co Inc (NYSE:BK) institutional sentiment decreased to 0.72 in 2019 Q2. Its down -0.07, from 0.79 in 2019Q1. The ratio is negative, as 278 funds increased and started new equity positions, while 387 trimmed and sold holdings in Bank Of New York Co Inc. The funds in our partner’s database now have: 761.00 million shares, down from 789.00 million shares in 2019Q1. Also, the number of funds holding Bank Of New York Co Inc in their top 10 equity positions decreased from 17 to 9 for a decrease of 8. Sold All: 71 Reduced: 316 Increased: 201 New Position: 77.

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 $44.21 billion. It operates through two divisions, Investment Management and Investment Services. It has a 12.19 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.

The stock increased 1.27% or $0.59 during the last trading session, reaching $46.9. About 2.98 million shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has declined 12.23% since September 13, 2018 and is downtrending. It has underperformed by 12.23% the S&P500.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on October, 16 before the open. They expect $0.99 earnings per share, down 6.60 % or $0.07 from last year’s $1.06 per share. BK’s profit will be $933.24 million for 11.84 P/E if the $0.99 EPS becomes a reality. After $1.01 actual earnings per share reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -1.98 % negative EPS growth.

Trian Fund Management L.P. holds 5.88% of its portfolio in The Bank of New York Mellon Corporation for 12.62 million shares. Longview Partners (Guernsey) Ltd owns 26.41 million shares or 5.65% of their US portfolio. Moreover, Asset Management Advisors Llc has 4.24% invested in the company for 111,390 shares. The Ohio-based First Fiduciary Investment Counsel Inc. has invested 3.69% in the stock. Davis Selected Advisers, a Arizona-based fund reported 16.72 million shares.

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

Ratings analysis reveals 0 of Bank of New York Mellon’s analysts are positive. Out of 5 Wall Street analysts rating Bank of New York Mellon, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $4400 while the high is $58. The stock’s average target of $47.67 is 1.64% above today’s ($46.9) share price. BK was included in 15 notes of analysts from March 15, 2019. Buckingham Research maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, July 18 with “Neutral” rating. The company was upgraded on Thursday, July 18 by Wood. Buckingham Research maintained it with “Neutral” rating and $53 target in Thursday, April 18 report. Deutsche Bank maintained the shares of BK in report on Friday, March 15 with “Buy” rating. The company was downgraded on Tuesday, June 18 by Deutsche Bank. The firm has “Neutral” rating by UBS given on Wednesday, June 26. JP Morgan maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Tuesday, July 9. JP Morgan has “Underweight” rating and $4900 target. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Deutsche Bank on Wednesday, August 21. As per Wednesday, June 5, the company rating was maintained by Morgan Stanley.

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Finance.Yahoo.com which released: “Why The Bank of New York Mellon Corporation (NYSE:BK) Is A Dividend Rockstar – Yahoo Finance” on May 16, 2019, also Fool.com with their article: “These 4 Stocks Have Cost Warren Buffett More Than $6 Billion in 2019 – Motley Fool” published on September 03, 2019, Benzinga.com published: “Stocks That Hit 52-Week Lows On Wednesday – Benzinga” on August 28, 2019. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Finance.Yahoo.com and their article: “Here is What Hedge Funds Think About The Bank of New York Mellon Corporation (BK) – Yahoo Finance” published on June 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Can We See Significant Institutional Ownership On The The Bank of New York Mellon Corporation (NYSE:BK) Share Register? – Yahoo Finance” with publication date: July 09, 2019.

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

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