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

Bank Of New York Mellon Corporation (The) (NYSE:BK) managed to stay afloat and traded higher with an addition of 0.06 point or 0.15% at $41.3. The money flow data is a negative $(-5.22) million with $5.81 million in upticks and $11.04 million in downticks. The intraday up/down ratio came in at 0.53. The shares have seen -0.53% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $3.71, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-3.71) million.


Currently the company Insiders own 3.4% of Bank Of New York Mellon Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.35% . Institutional Investors own 83.2% of Bank Of New York Mellon Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -19.35%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & CEO) of Bank Of New York Mellon Corp, Hassell Gerald L had sold 24,598 shares worth of $1,002,614 in a transaction dated May 19, 2016. In this transaction, 24,598 shares were sold at $40.76 per share.

Bank Of New York Mellon Corporation (The) (NYSE:BK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.28 points or 0.68% at $40.96 with 5,267,203 shares getting traded. Post opening the session at $41.09, the shares hit an intraday low of $40.96 and an intraday high of $41.53 and the price was in this range throughout the day. The company has a market cap of $44,117 million and the number of outstanding shares have been calculated to be 1,077,082,630 shares. The 52-week high of Bank Of New York Mellon Corporation (The) (NYSE:BK) is $45.45 and the 52-week low is $32.2.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Bank Of New York Mellon Corporation (The) (NYSE:BK). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $49 per share to $50 per share. The rating by the firm was issued on May 27, 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 Mellons 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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