Large Outflow of Money Witnessed in Bank Of New York Mellon Corporation (The)

Bank Of New York Mellon Corporation (The) (BK) had an volatile session and gained 0.36 points till last call. The price was at $45.09, gaining 0.8% till the last intraday data. The total uptick value was $8.29 million while the total downtick value was $9.99 million. The shares saw a net money flow of $(-1.7) million and the up/down ratio stood at 0.83. The stock has seen a change of of 0.69% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-1.55) million. Almost $2.67 million were received in upticks and approximately $4.22 million were lost in downticks, thereby giving the up/down ratio of 0.63.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of The Bank of New York Mellon Corporation appreciated by 0.67% during the last five trading days but lost 4.58% on a 4-week basis. The Bank of New York Mellon Corporation is up 4.49% in the last 3-month period. Year-to-Date the stock performance stands at -4.58%. Bank Of New York Mellon Corporation (The) (NYSE:BK) rose 0.65% or 0.29 points on Wednesday and made its way into the gainers of the day. After trading began at $45.07 the stock was seen hitting $45.385 as a peak level and $44.9 as the lowest level. The stock ended up at $45.02. The daily volume was measured at 9,078,493 shares. The 52-week high of the share price is $49.54 and the 52-week low is $32.2. The company has a market cap of $47,158 million.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Michelle M. Neal (Managing Director) sold 4,278 shares at 48.43 per share price.On Dec 13, 2016, Thomas P Gibbons (Vice Chairman & CFO) sold 69,220 shares at 48.56 per share price.On Dec 13, 2016, Gerald L Hassell (Chairman & CEO) sold 593,776 shares at 48.44 per share price.

Bank of New York Mellon Corp Last issued its quarterly earnings results on Jan 19, 2017. The company reported $0.77 EPS for the quarter. Analyst had a consensus estimate of $0.77. The company had revenue of $3790.00 million for the quarter, compared to analysts expectations of $3859.29 million. The companys revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Bank of New York Mellon Corp was Downgraded by Keefe Bruyette to Mkt Perform on Jan 20, 2017. Bank of New York Mellon Corp was Downgraded by JP Morgan to Neutral on Jan 6, 2017. Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 55 from a previous price target of $48 .Bank of New York Mellon Corp was Upgraded by Raymond James to Strong Buy on Dec 28, 2016. Bank of New York Mellon Corp was Downgraded by Buckingham Research to Neutral on Nov 21, 2016.

Bank of New York is a bank holding company and one of the worlds larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide. Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking.


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