The Bank of New York Mellon
Corporation (BK) has been the subject of several investment moves as indicated by multiple sources. While certain entities such as
Miller Howard Investments Inc. NY and
Allspring Global Investments Holdings LLC have reduced their holdings, others such as
Truist Financial Corp and
Sumitomo Mitsui DS Asset Management Company Ltd have increased their stakes. The entity also caught the eyes of analysts as
Evercore ISI boosted its price target to $90.00 and is even called a
'Hidden Gem' in the realm of AI-Driven Institutional Finance.
BNY Mellon also plans a 13% dividend increase, backing its action by the Federal Reserve's stress test that confirmed financial stability. Furthermore, it's planning a potential merger with Northern Trust and is standing as a trusted name among institutional banks. Lastly, BNY Mellon has issued $2 billion in notes with an intention to become a $3 trillion powerhouse. Despite reductions by some investors, it remains a favorite among institutional investors, holding an approximately 87% stake.
Bank of New York Mellon Corporation BK News Analytics from Wed, 19 Mar 2025 07:00:00 GMT to Sat, 05 Jul 2025 21:21:51 GMT -
Rating 7
- Innovation 3
- Information 7
- Rumor 4
