Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $64.11, with 2.79 million shares of worth about $178.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.96% during that period and on August 14, 2024 the price saw a gain of about 0.88%. Currently the company’s common shares owned by public are about 759.34M shares, out of which, 735.84M shares are available for trading.
Stock saw a price change of 3.91% in past 5 days and over the past one month there was a price change of -1.40%. Year-to-date (YTD), BK shares are showing a performance of 23.17% which increased to 41.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.66 but also hit the highest price of $65.90 during that period. The average intraday trading volume for Bank Of New York Mellon Corp shares is 3.87 million. The stock is currently trading 0.71% above its 20-day simple moving average (SMA20), while that difference is up 4.26% for SMA50 and it goes to 15.49% higher than SMA200.
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Bank Of New York Mellon Corp (NYSE: BK) currently have 759.34M outstanding shares and institutions hold larger chunk of about 86.63% of that.
The stock has a current market capitalization of $47.31B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 14.82, while it has posted earnings per share of $4.33 in the same period. Its PEG reads 1.12 while making debt-to-equity ratio of 1.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BK, volatility over the week remained 1.66% while standing at 2.05% over the month.
Stock’s fiscal year EPS is expected to rise by 39.42% while it is estimated to increase by 12.04% in next year. EPS is likely to grow at an annualized rate of 13.19% for next 5-years, compared to annual growth of -0.85% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on July 15, 2024 offering a Neutral rating for the stock and assigned a target price of $65 to it. Coverage by Keefe Bruyette stated Bank Of New York Mellon Corp (BK) stock as an Outperform in their note to investors on June 27, 2024, suggesting a price target of $70 for the stock. On January 30, 2024, Morgan Stanley Upgrade their recommendations, while on December 18, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $54.50. Stock get a Buy rating from BofA Securities on January 12, 2023.
