Today, the Controller of BNY Mellon (NYSE: BK), Kurtis Kurimsky, sold shares of BK for $270K.
Following Kurtis Kurimsky’s last BK Sell transaction on March 02, 2017, the stock climbed by 10.3%. In addition to Kurtis Kurimsky, 2 other BK executives reported Sell trades in the last month.
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Based on BNY Mellon’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.64 billion and quarterly net profit of $1.16 billion. In comparison, last year the company earned revenue of $3.97 billion and had a net profit of $908 million. BK’s market cap is $57.91B and the company has a P/E ratio of 14.31. Currently, BNY Mellon has an average volume of 4.29M.
Six different firms, including Merrill Lynch and Goldman Sachs, currently also have a Sell rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $61.00, reflecting a -6.7% downside.
The insider sentiment on BNY Mellon has been negative according to 75 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Management, Investment Services, and Other.
