The Bank of New York Mellon Corp. recently experienced an increase in their **position** by both Cetera Advisors LLC and Tidal Investments LLC. Despite **losers** on the day, the **stock outperformed competitors**, signaling a stable yet strong investment. However, recent **insider disposing** signal potential bearish trend. The **3% Yield Mark** was reached, indicating favorable dividends. BNY Mellon Municipal Bond Infrastructure Fund, Inc has announced a distribution, and the bank's rebranding to BNY marks an end of an era. Interestingly, despite losses on some days, the **stock still outperforms competitors**. Analysts at Morgan Stanley have increased the **Price Target** to $72.00. Multiple earnings call transcripts and financial results indicate healthy business operations. Insiders have recently sold US$5.1m Of shares, suggesting possible hesitance regarding the company’s future. BNY Mellon beat **earnings estimates** with its high fees, and plan on a **dividend raise by 12%**. Despite these mixed signals, the stock has a robust institutional backing, with **86% ownership**.
Bank of New York Mellon Corporation BK News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 04 Aug 2024 14:28:35 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -3
