Bank Of New York Mellon Corp (BK) Files Form 4 Insider Selling : Gerald L Hassell Sells 24,598 Shares

Bank Of New York Mellon Corp (BK): Gerald L Hassell , Chairman & CEO of Bank Of New York Mellon Corp sold 24,598 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $40.76 per share for a total value of $1,002,738.62 , 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 16, 2016, Thomas P Gibbons (Vice Chairman & CFO) sold 376,054 shares at $39.78 per share price.On May 6, 2016, Karen B Peetz (President) sold 65,000 shares at $39.24 per share price.Also, 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.

Bank of New York Mellon Corp: On Friday, May 20, 2016 heightened volatility was witnessed in Bank of New York Mellon Corp which led to swings in the share price. The shares opened for trading at $41.01 and hit $41.43 on the upside , eventually ending the session at $41.07, with a gain of 0.59% or 0.24 points. The heightened volatility saw the trading volume jump to 43,10,024 shares. The 52-week high of the share price is $45.45 and the company has a market cap of $44,236 M . The 52-week low of the share price is at $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.

Leave a Reply

Bank of New York Mellon Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Bank of New York Mellon Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.