Bank Of New York Mellon Corporation (The)(BK) is having a Dividend Yield of 1.6% with the Annual cash Dividend per share of $0.72. The last quarter cash dividend per share pay out was $0.19. Bank Of New York Mellon Corporation (The) has a 5 year average dividend yield of 1.89% and the stock has a Indicated annual dividend of $0.76. Bank Of New York Mellon Corporation (The)(BK) formally announced its most recent dividend on January 19, 2017 with a Dividend per share of $0.19. The new indicated annual dividend based on announced dividend per share is $0.76. The dividend yield based on the forward looking indicated annual dividend is 1.6%. Bank Of New York Mellon Corporation (The)(BK) has the most recent dividend payout ratio of 0.24 with a 5-year average payout ratio of 0.25. The 5 year historical dividend growth of Bank Of New York Mellon Corporation (The)(BK) is at the rate of 8.5% while the R-Squared dividend growth is 0.88. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Bank Of New York Mellon Corporation (The) (NYSE:BK) witnessed a decline in the market cap on Thursday as its shares dropped 0.76% or 0.36 points. After the session commenced at $47.36, the stock reached the higher end at $47.47 while it hit a low of $46.91. With the volume soaring to 3,501,676 shares, the last trade was called at $47.07. The company has a 52-week high of $49.54. The company has a market cap of $49,305 million and there are 1,047,488,300 shares in outstanding. The 52-week low of the share price is $33.82. Shares of The Bank of New York Mellon Corporation rose by 3.45% in the last five trading days and 2.25% for the last 4 weeks. The Bank of New York Mellon Corporation has dropped 1.38% during the last 3-month period . Year-to-Date the stock performance stands at -0.23%.
Currently the company Insiders own 3.4% of Bank Of New York Mellon Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.91% . Institutional Investors own 82.83% of Bank Of New York Mellon Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -18.17%. Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Brian T Shea (Vice Chairman) sold 199,676 shares at 45.07 per share price.On Dec 14, 2016, Michelle M. Neal (Managing Director) sold 4,278 shares at 48.43 per share price.On Dec 13, 2016, Thomas P Gibbons (Vice Chairman & CFO) sold 69,220 shares at 48.56 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Bank of New York Mellon Corp was Downgraded by Keefe Bruyette to Mkt Perform on Jan 20, 2017. Bank of New York Mellon Corp was Downgraded by JP Morgan to Neutral on Jan 6, 2017. Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 55 from a previous price target of $48 .Bank of New York Mellon Corp was Upgraded by Raymond James to Strong Buy on Dec 28, 2016. Bank of New York Mellon Corp was Downgraded by Buckingham Research to Neutral on Nov 21, 2016.
Bank of New York Mellon Corp Last issued its quarterly earnings results on Jan 19, 2017. The company reported $0.77 EPS for the quarter. Analyst had a consensus estimate of $0.77. The company had revenue of $3790.00 million for the quarter, compared to analysts expectations of $3859.29 million. The companys revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Bank of New York is a bank holding company and one of the worlds larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide. Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking.