Bank Of New York Co Inc’s (NYSE:BK) Sentiment is 0.72

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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 has worsened, as 278 funds started new and increased positions, while 387 decreased and sold their positions in Bank Of New York Co Inc. The funds in our partner’s database now hold: 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 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 2.98M 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. The firm has “Hold” rating given on Wednesday, August 21 by Deutsche Bank. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Buy” rating given on Friday, March 15 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, July 18 by Buckingham Research. The rating was downgraded by Deutsche Bank on Tuesday, June 18 to “Hold”. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Overweight” rating by Morgan Stanley on Wednesday, June 5. The firm has “Underweight” rating by JP Morgan given on Tuesday, July 9. The company was maintained on Wednesday, June 26 by UBS. Buckingham Research maintained The Bank of New York Mellon Corporation (NYSE:BK) on Thursday, April 18 with “Neutral” rating. As per Thursday, July 18, the company rating was upgraded by Wood.

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Finance.Yahoo.com which released: “52-Week Company Lows – Yahoo Finance” on September 02, 2019, also Benzinga.com with their article: “Stocks That Hit 52-Week Lows On Wednesday – Benzinga” published on August 28, 2019, Streetinsider.com published: “Buffett’s Berkshire Hathaway Raises Stakes in Amazon (AMZN), Bank of America (BAC) – 13F – StreetInsider.com” on August 14, 2019. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Bizjournals.com and their article: “Park Hotels poised to close Chesapeake acquisition this month – Washington Business Journal” published on September 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “4 Warren Buffett Stocks Tumble to Near 52-Week Lows – Yahoo Finance” with publication date: August 27, 2019.

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

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