Bank Of New York Mellon Corp (BK) Files Form 4 Insider Selling : Karen B Peetz Sells 65,000 Shares

Bank Of New York Mellon Corp (BK): Karen B Peetz , President of Bank Of New York Mellon Corp sold 65,000 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $39.24 per share for a total value of $2,550,372.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Mitchell E. Harris (Sr. Executive Vice President) sold 19,295 shares at $40.66 per share price.On Nov 20, 2015, Schack Wesley W Von (director) sold 7,436 shares at $43.46 per share price.Also, On Nov 2, 2015, Karen B Peetz (President) sold 42,015 shares at $42.50 per share price.On Oct 28, 2015, Gerald L Hassell (Chairman & CEO) sold 30,000 shares at $41.91 per share price.

Shares of Bank of New York Mellon Corp (BK) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.53 points or -1.33% at $39.28 with 42,97,382 shares getting traded. Post opening the session at $39.39, the shares hit an intraday low of $39.07 and an intraday high of $39.77 and the price vacillated in this range throughout the day. The company has a market cap of $42,257 M and the number of outstanding shares has been calculated to be 1,07,58,00,940 shares. The 52-week high of Bank of New York Mellon Corp is $45.45 and the 52-week low is $32.2.

Bank of New York Mellon Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Bank of New York Mellon Corp is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $47 .The Rating was issued on Apr 25, 2016.Bank of New York Mellon Corp is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $40 .The Rating was issued on Apr 22, 2016.Bank of New York Mellon Corp is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 46 from a previous price target of $42 .The Rating was issued on Apr 22, 2016.Bank of New York Mellon Corp is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 40 from a previous price target of $44 . The Rating was issued on Apr 11, 2016.

The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses Investment Management and Investment Services it serves institutions corporations and high net worth individuals. For institutions and corporations it provides 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. For individuals it provides mutual funds separate accounts wealth management and private banking services. BNY Mellon’s investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31 2014.

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