Evercore ISI Group supports Bank of New York Mellon’s (BK) online offering


Fintel announces that on May 12, 2023, Evercore ISI Group assumed coverage on Bank Of New York Mellon (NYSE:BK). Online suggestion.

Analysts forecast a price increase of 33.89%

As of May 11, 2023, the one-year average price target for Bank Of New York Mellon was 54.47. The forecast ranges from a low of $41.41 to a high of $65.10. The average target price has increased by 33.89% from the last published closing price of 40.68.

See the ranking of companies with the highest price targets.

Bank Of New York Mellon’s expected annual revenue is 17,799 million, an increase of 6.26%. Estimated annual non-GAAP EPS is 4.84.

Bank Of New York Mellon announced a dividend of $0.37

On April 18, 2023, the company announced a permanent quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of April 28, 2023 received payment on May 11, 2023. Previously, the company paid $0.37 per share.

At the current stock price of $40.68/share, the stock has a dividend yield of 3.64%.

Looking back five years and sampling each week, the average dividend yield was 2.78%, with a low of 1.66% and a high of 4.51%. The standard deviation of the income is 0.53 (n=237).

The current dividend yield is 1.64 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.42. The payout ratio shows how much of a company’s earnings is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out as dividends. A payout ratio above one means that the company is dipping into its savings to maintain the dividend, which is not a healthy situation. Companies with little growth prospects should pay out most of their earnings in the form of dividends, which usually means a payout ratio of between 0.5 and 1.0. Companies with good growth prospects must retain a portion of their profits to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is 0.19%, indicating that it has increased its dividend yield over time.

What is stock sentiment?

Bank Of New York Mellon has 1,971 funds or institutions that report positions. This is an increase of 73 owners or 3.85% in the last quarter. Average portfolio weight from all funds 0.42% for SW, an increase of 35.51%. The total number of shares held by institutions has increased by 0.89% over the past three months to 811,055,000 shares. BK’s put/call ratio is 0.92, indicating the outlook is bullish.

What are other shareholders doing?

BK / Bank Of New York Mellon Corp Institutional Shares

Dodge & Cox owns 59,834,000 shares representing 7.58% of the company. In a previous filing, the company said it owned 59,815,000 shares. raise by 0.03%. Company decreases 0.78% placement of its JV portfolio in the last quarter.

DODGX – Dodge & Cox Stock Fund owns 37,000,000 shares representing 4.69% of the company. There was no change in the last quarter.

Berkshire Hathaway owns 25,070,000 shares, representing 3.18% of the company. In a previous filing, the company said it owned 62,211,000 shares decrease 148.15%. Company decreases In the last quarter, the placement of its portfolio in JV was 52.84%.

VTSMX – Vanguard Total Stock Market Index Fund Investor has 22,117,000 shares representing 2.80% of the company. In a previous filing, the company said it owned 21,674,000 shares. raise 2.00%. Company increase 11.36% placement of its JV portfolio in the last quarter.

Artisan Partners Limited Liability Company owns 20,429,000 shares representing 2.59% of the company. In a previous filing, the company said it owned 21,331,000 shares decrease 4.42%. Company decreases 11.06% placement of its JV portfolio in the last quarter.

General information about Bank of New York Mellon
(This description is provided by the company.)

BNY Mellon is a global investment firm dedicated to helping clients manage and grow their financial assets throughout their investment lifecycle. Whether offering financial services to institutions, corporations or individual investors, BNY Mellon offers informed investment and wealth management and investment services in 35 countries. As of September 30, 2020, BNY Mellon had $38.6 trillion in assets under custody and/or management and $2.0 trillion in assets under management. BNY Mellon can serve as a single point of contact for clients seeking to originate, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is a trademark of The Bank of New York Mellon Corporation.

View all Bank Of New York Mellon regulatory documents.

This story originally appeared on Fintel.

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