Jefferies Keeps Their Hold Rating on BNY Mellon

By Jason Carr

In a report released yesterday, Ken Usdin from Jefferies reiterated a Hold rating on BNY Mellon (NYSE: BK), with a price target of $52. The company’s shares opened today at $47.18.

According to, Usdin is a top 25 analyst with an average return of 20.5% and a 77.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

BNY Mellon has an analyst consensus of Hold, with a price target consensus of $50.

The company has a one year high of $49.54 and a one year low of $35.72. Currently, BNY Mellon has an average volume of 4.6M.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Brian Shea, the Vice Chairman of BK sold 199,676 shares for a total of $8,997,401.

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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. The Investment Management segment provides services on mutual funds and seed capital activities. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Other segment consists of leasing portfolio, corporate treasury, derivatives, and insurance services. The company was founded by Alexander Hamilton on July 1, 2007 and is headquartered in New York, NY.