Bank of New York Mellon Corp Just Recorded A Sigfniciant Bearish Options Activity

 Bank of New York Mellon Corp Just Recorded A Sigfniciant Bearish Options Activity

In today’s session Bank of New York Mellon Corp (BK) recorded an unusually high (10,020) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious BK decrease. With 10,020 contracts traded and 254 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: BK161118P00044000 closed last at: $0.19 or 78.2% down. About 413,469 shares traded hands. Bank of New York Mellon Corp (NYSE:BK) has risen 28.86% since April 11, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.

Bank of New York Mellon Corp (NYSE:BK) Ratings Coverage

Out of 14 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. $56 is the highest target while $38 is the lowest. The $46.07 average target is -0.19% below today’s ($46.16) stock price. The Bank Of New York Mellon Corporation has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Friday, January 8. The company was maintained on Friday, January 22 by Barclays Capital. UBS maintained it with “Buy” rating and $42 target price in Friday, January 22 report. The rating was maintained by Jefferies with “Hold” on Monday, July 11. Deutsche Bank maintained Bank of New York Mellon Corp (NYSE:BK) on Monday, July 18 with “Buy” rating. The rating was maintained by Deutsche Bank with “Buy” on Friday, May 27. The stock has “Hold” rating given by Standpoint Research on Sunday, August 9. Deutsche Bank maintained it with “Buy” rating and $48 target price in Thursday, June 16 report. The firm earned “Buy” rating on Friday, August 5 by Deutsche Bank. The stock of Bank of New York Mellon Corp (NYSE:BK) earned “Buy” rating by Deutsche Bank on Thursday, March 17.

According to Zacks Investment Research, “Bank of New York is a bank holding company and one of the world’s 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.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.07, from 0.89 in 2016Q1. The ratio is negative, as 64 funds sold all Bank of New York Mellon Corp shares owned while 287 reduced positions. 46 funds bought stakes while 243 increased positions. They now own 852.69 million shares or 3.83% less from 886.64 million shares in 2016Q1.
Livforsakringsbolaget Skandia Omsesidigt holds 0.2% of its portfolio in Bank of New York Mellon Corp (NYSE:BK) for 116,689 shares. Moreover, Wheatland has 0.39% invested in Bank of New York Mellon Corp (NYSE:BK) for 10,592 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 550,872 shares for 0.28% of their US portfolio. The Michigan-based Schwartz Invest Counsel has invested 1.35% in Bank of New York Mellon Corp (NYSE:BK). Oppenheimer has 37,302 shares for 0.04% of their US portfolio. Ckw Fin Gp, a Hawaii-based fund reported 2,800 shares. Ubs Asset Mngmt Americas Incorporated, a Illinois-based fund reported 2.70M shares. Piedmont Lc holds 384,193 shares or 0% of its portfolio. Louisiana State Employees Retirement Systems last reported 70,700 shares in the company. Ridgeworth Capital Management Lc holds 238 shares or 0% of its portfolio. Arrowgrass Capital Partners (Us) L P accumulated 30,693 shares or 0.01% of the stock. The Pennsylvania-based Logan Incorporated has invested 0.02% in Bank of New York Mellon Corp (NYSE:BK). Brandywine Glob Inv Limited Liability Co has invested 0.27% of its portfolio in Bank of New York Mellon Corp (NYSE:BK). Vulcan Value Prtn Lc accumulated 9.24 million shares or 3.53% of the stock. The Minnesota-based Bremer Trust Natl Association has invested 0.11% in Bank of New York Mellon Corp (NYSE:BK).

The Bank of New York Mellon Corporation is an investments company. The company has a market cap of $49.52 billion. The Firm operates businesses through two divisions: Investment Management and Investment Services. It has a 15.62 P/E ratio. The Firm also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead.

BK Company Profile

The Bank of New York Mellon Corporation (BNY Mellon), incorporated on February 9, 2007, is an investments company. The Firm operates businesses through two divisions: Investment Management and Investment Services. The Firm also has an Other segment, which includes credit-related services; the leasing portfolio; corporate treasury activities, including its investment securities portfolio; its equity interest in ConvergEx Group; business exits, and corporate overhead. The Firm has over $1.6 trillion in assets under management.

More notable recent Bank of New York Mellon Corp (NYSE:BK) news were published by: Blogs.Wsj.com which released: “Fiserv Hires BNY Mellon Fintech Veteran as CIO” on November 02, 2016, also Prnewswire.com with their article: “BNY Mellon to Present at the 2016 Bank of America Merrill Lynch Future of …” published on November 09, 2016, Bloomberg.com published: “BNY Mellon Profit Beats Estimates on Increase in Fee Revenue” on October 20, 2016. More interesting news about Bank of New York Mellon Corp (NYSE:BK) were released by: Bloomberg.com and their article: “BNY Mellon’s Trian Times” published on October 20, 2016 as well as Prnewswire.com‘s news article titled: “BNY Mellon Wealth Management named 2017 Best Private Bank for New Customer …” with publication date: November 04, 2016.

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