The Vice Chairman of BNY Mellon is Exercising Options


Today it was reported that the Vice Chairman of BNY Mellon (BK), Thomas Gibbons, exercised options to sell 318,556 BK shares at $26.86 a share, for a total transaction value of $14.88M.

In addition to Thomas Gibbons, one other BK executive reported Sell trades in the last month.

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Based on BNY Mellon’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.09 billion and quarterly net profit of $1.02 billion. In comparison, last year the company earned revenue of $4.78 billion and had a net profit of $1.1 billion. BK’s market cap is $44.58B and the company has a P/E ratio of 12.29. Currently, BNY Mellon has an average volume of 4.79M.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $48.00, reflecting a 0.8% upside.

In the last 30 days, insiders have sold $14.88M worth of BK shares and purchased $509.8K worth of BK shares. 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.

Thomas Gibbons’ trades have generated a -8.3% 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.

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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.

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