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Bank of New York Mellon
BK

$58.5
0.19%
 

About: BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with $47.8 trillion in under custody or administration (as of Dec. 31, 2023), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.0 trillion in assets.

Employees: 52,100

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 23 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 154 | Existing positions closed: 92

44% more call options, than puts

Call options by funds: $188M | Put options by funds: $130M

8% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 13 (+1) [Q1 2024]

5% more funds holding

Funds holding: 1,130 [Q4 2023] → 1,192 (+62) [Q1 2024]

5% more capital invested

Capital invested by funds: $33.4B [Q4 2023] → $35B (+$1.68B) [Q1 2024]

2.58% less ownership

Funds ownership: 83.34% [Q4 2023] → 80.76% (-2.58%) [Q1 2024]

12% less repeat investments, than reductions

Existing positions increased: 387 | Existing positions reduced: 442

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$55
7%
downside
Avg. target
$62
6%
upside
High target
$68
16%
upside

8 analyst ratings

positive
63%
neutral
38%
negative
0%
Jefferies
Ken Usdin
16%upside
$68
Buy
Maintained
18 Apr 2024
B of A Securities
Ebrahim Poonawala
13%upside
$66
Buy
Maintained
17 Apr 2024
Evercore ISI Group
Glenn Schorr
4%upside
$61
In-Line
Maintained
4 Apr 2024
RBC Capital
Gerard Cassidy
1%downside
$58
Sector Perform
Reiterated
27 Mar 2024
Citigroup
Keith Horowitz
11%upside
$65
Buy
Maintained
14 Feb 2024

Financial journalist opinion

Based on 23 articles about BK published over the past 30 days