Bank of New York MellonBK
Market Cap: $49.7B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
57% more funds holding in top 10
Funds holding in top 10: 14 [Q1] → 22 (+8) [Q2]
25% more call options, than puts
Call options by funds: $204M | Put options by funds: $163M
6% more capital invested
Capital invested by funds: $35.5B [Q1] → $37.6B (+$2.04B) [Q2]
2.01% more ownership
Funds ownership: 81.85% [Q1] → 83.86% (+2.01%) [Q2]
0% less funds holding
Funds holding: 1,219 [Q1] → 1,213 (-6) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 437 | Existing positions reduced: 440
6% less first-time investments, than exits
New positions opened: 102 | Existing positions closed: 108
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 1%downside $66 | Hold Maintained | 15 Aug 2024 |
Morgan Stanley Betsy Graseck 51% 1-year accuracy 27 / 53 met price target | 8%upside $72 | Equal-Weight Maintained | 30 Jul 2024 |
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 5%downside $63 | Hold Maintained | 15 Jul 2024 |
Evercore ISI Group Glenn Schorr 73% 1-year accuracy 16 / 22 met price target | 1%downside $66 | In-Line Maintained | 15 Jul 2024 |
Keefe, Bruyette & Woods David Konrad 70% 1-year accuracy 14 / 20 met price target | 13%upside $75 | Outperform Reiterated | 15 Jul 2024 |
Financial journalist opinion
Based on 16 articles about BK published over the past 30 days