Currently, there are 759.34M common shares owned by the public and among those 745.68M shares have been available to trade.
The company’s stock has a 5-day price change of 8.03% and 16.83% over the past three months. BK shares are trading 24.28% year to date (YTD), with the 12-month market performance up to 43.06% higher. It has a 12-month low price of $39.66 and touched a high of $61.55 over the same period. BK has an average intraday trading volume of 3.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.82%, 9.89%, and 22.05% respectively.
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Institutional ownership of Bank Of New York Mellon Corp (NYSE: BK) shares accounts for 85.67% of the company’s 759.34M shares outstanding.
It has a market capitalization of $48.38B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 14.96, while the earnings-per-share (ttm) stands at $4.32. The company has a PEG of 1.13 and the debt-to-equity ratio at 1.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 1.50% over the month.
Earnings per share for the fiscal year are expected to increase by 37.67%, and 11.01% over the next financial year. EPS should grow at an annualized rate of 13.19% over the next five years, compared to -0.85% over the past 5-year period.
Looking at the support for the BK, a number of firms have released research notes about the stock. Keefe Bruyette stated their Outperform rating for the stock in a research note on June 27, 2024, with the firm’s price target at $60-$70. Morgan Stanley coverage for the Bank Of New York Mellon Corp (BK) stock in a research note released on January 30, 2024 offered a Equal-Weight rating with a price target of $62. JP Morgan was of a view on December 18, 2023 that the stock is Overweight, while BofA Securities gave the stock Buy rating on January 12, 2023, issuing a price target of $56. Wolfe Research on their part issued Outperform rating on January 04, 2023.
