Today, the SEVP & General Counsel of BNY Mellon (BK), Kevin J. McCarthy, sold shares of BK for $1.24M.
See today’s analyst top recommended stocks >>
Based on BNY Mellon’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.98 billion and quarterly net profit of $946 million. In comparison, last year the company earned revenue of $4.65 billion and had a net profit of $1.16 billion. BK’s market cap is $47.33B and the company has a P/E ratio of 12.76. Currently, BNY Mellon has an average volume of 5.47M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $55.20, reflecting a 10.8% upside.
The insider sentiment on BNY Mellon has been negative according to 72 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Kevin J. McCarthy’s trades have generated a -4.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
