BNY Mellon (BK) Gets a Sell Rating from Morgan Stanley


In a report released today, Betsy Graseck from Morgan Stanley maintained a Sell rating on BNY Mellon (BK), with a price target of $42. The company’s shares closed last Monday at $46.75.

According to TipRanks.com, Graseck is a 4-star analyst with an average return of 5.6% and a 52.9% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Santander Consumer USA, and Capital One Financial.

BNY Mellon has an analyst consensus of Hold, with a price target consensus of $47.17.

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The company has a one-year high of $53.89 and a one-year low of $40.52. Currently, BNY Mellon has an average volume of 4.88M.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2019, Thomas Gibbons, the Vice Chairman of BK sold 318,556 shares for a total of $14,882,835.

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.

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