Currently, there are 759.34M common shares owned by the public and among those 735.81M shares have been available to trade.
The company’s stock has a 5-day price change of -0.56% and 11.15% over the past three months. BK shares are trading 29.70% year to date (YTD), with the 12-month market performance up to 50.76% higher. It has a 12-month low price of $39.66 and touched a high of $68.60 over the same period. BK has an average intraday trading volume of 4.01 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 1.97%, 5.20%, and 17.47% respectively.
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Institutional ownership of Bank Of New York Mellon Corp (NYSE: BK) shares accounts for 88.04% of the company’s 759.34M shares outstanding.
It has a market capitalization of $49.82B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 15.61, while the earnings-per-share (ttm) stands at $4.33. The company has a PEG of 1.13 and the debt-to-equity ratio at 1.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.30% over the week and 1.52% over the month.
Earnings per share for the fiscal year are expected to increase by 39.69%, and 12.05% over the next financial year. EPS should grow at an annualized rate of 13.86% 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. Citigroup stated their Neutral rating for the stock in a research note on July 15, 2024, with the firm’s price target at $65. Keefe Bruyette coverage for the Bank Of New York Mellon Corp (BK) stock in a research note released on June 27, 2024 offered a Outperform rating with a price target of $70. Morgan Stanley was of a view on January 30, 2024 that the stock is Equal-Weight, while JP Morgan gave the stock Overweight rating on December 18, 2023, issuing a price target of $54.50. BofA Securities on their part issued Buy rating on January 12, 2023.
