Morgan Stanley Gives Bank of New York Mellon (NYSE:BK) a Higher Rating. Raises its “Equal-Weight” Rating

January 20, 2018 - By Ellis Scott

  Morgan Stanley Gives Bank of New York Mellon (NYSE:BK) a Higher Rating. Raises its

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It increased, as 34 investors sold The Bank of New York Mellon Corporation shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported.

Moreover, Oakworth Capital has 0.01% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 610 shares. Mcrae Mgmt owns 16,435 shares. Deroy Devereaux Private Invest Counsel accumulated 313,117 shares. Cypress Asset Management Tx accumulated 64,770 shares or 0.74% of the stock. Creative Planning owns 67,069 shares for 0.02% of their portfolio. Van Strum And Towne owns 4,300 shares or 0.15% of their US portfolio. Gabelli Invest Advisers Incorporated owns 18,000 shares. Rnc Mgmt Ltd Liability Corporation reported 0.04% stake. New Mexico Educational Retirement Board has 94,960 shares for 0.24% of their portfolio. Private Advisor Group Ltd Liability Corporation reported 40,340 shares stake. 16,667 were accumulated by Northstar Group Inc Inc. 15,425 were reported by Hamel Associate. Finemark Bank Tru holds 0.06% or 17,259 shares in its portfolio. Salzhauer Michael reported 2,005 shares. Minnesota-based Sit Invest Associates has invested 0.01% in The Bank of New York Mellon Corporation (NYSE:BK).

Bank of New York Mellon (NYSE:BK) Stock Upgrade

Morgan Stanley upped shares of Bank of New York Mellon (NYSE:BK) from a “Equal-Weight” rating to a solid “Overweight” in a research note sent to investors on today.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. It increased, as 34 investors sold The Bank of New York Mellon Corporation shares while 306 reduced holdings. 90 funds opened positions while 254 raised stakes. 832.75 million shares or 0.16% more from 831.44 million shares in 2017Q2 were reported.

Moreover, Oakworth Capital has 0.01% invested in The Bank of New York Mellon Corporation (NYSE:BK) for 610 shares. Mcrae Mgmt owns 16,435 shares. Deroy Devereaux Private Invest Counsel accumulated 313,117 shares. Cypress Asset Management Tx accumulated 64,770 shares or 0.74% of the stock. Creative Planning owns 67,069 shares for 0.02% of their portfolio. Van Strum And Towne owns 4,300 shares or 0.15% of their US portfolio. Gabelli Invest Advisers Incorporated owns 18,000 shares. Rnc Mgmt Ltd Liability Corporation reported 0.04% stake. New Mexico Educational Retirement Board has 94,960 shares for 0.24% of their portfolio. Private Advisor Group Ltd Liability Corporation reported 40,340 shares stake. 16,667 were accumulated by Northstar Group Inc Inc. 15,425 were reported by Hamel Associate. Finemark Bank Tru holds 0.06% or 17,259 shares in its portfolio. Salzhauer Michael reported 2,005 shares. Minnesota-based Sit Invest Associates has invested 0.01% in The Bank of New York Mellon Corporation (NYSE:BK).

The Bank of New York Mellon Corporation (NYSE:BK) Ratings Coverage

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation has $63.0 highest and $5 lowest target. $51.60’s average target is -8.85% below currents $56.61 stock price. The Bank Of New York Mellon Corporation had 71 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, October 7 by Jefferies. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, September 28. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. On Thursday, October 19 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 3. Raymond James upgraded the stock to “Strong Buy” rating in Wednesday, December 28 report. The rating was maintained by Deutsche Bank on Wednesday, October 21 with “Buy”. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank on Monday, July 18. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank on Friday, July 21. Deutsche Bank upgraded it to “Buy” rating and $47 target in Wednesday, September 9 report.

The stock increased 2.28% or $1.26 during the last trading session, reaching $56.61. About 8.96 million shares traded or 95.01% up from the average. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 20, 2017 and is uptrending. It has underperformed by 2.72% the S&P500.

The Bank of New York Mellon Corporation provides financial services and products to institutions, firms, and high net worth individuals in the United States and internationally. The company has market cap of $57.97 billion. It operates through two divisions, Investment Management and Investment Services. It has a 16.61 P/E ratio. The firm offers investment management; trust and custody; foreign exchange; fund administration; global collateral services; securities lending; depositary receipts; corporate trust; global payment/cash management; banking services; and clearing services.

More notable recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Cnbc.com which released: “BNY Mellon expects more severance charges in 2018; shares sink” on January 18, 2018, also Bna.com with their article: “BNY Mellon’s DuBois: Fostering Gender Equality Through Investing” published on January 11, 2018, Seekingalpha.com published: “BNY Mellon down 4.5% on capital return disappointment” on January 18, 2018. More interesting news about The Bank of New York Mellon Corporation (NYSE:BK) were released by: Reuters.com and their article: “BNY Mellon freezes $22.6 billion in Kazakh oil fund assets” published on December 21, 2017 as well as Nasdaq.com‘s news article titled: “Why an Earnings Beat Is Likely for BNY Mellon (BK) in Q4” with publication date: January 16, 2018.

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