Currently, there are 759.34M common shares owned by the public and among those 735.91M shares have been available to trade.
The company’s stock has a 5-day price change of 2.94% and 20.59% over the past three months. BK shares are trading 40.63% year to date (YTD), with the 12-month market performance up to 73.67% higher. It has a 12-month low price of $39.66 and touched a high of $73.19 over the same period. BK has an average intraday trading volume of 4.14 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 2.85%, 8.10%, and 22.46% respectively.
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Institutional ownership of Bank Of New York Mellon Corp (NYSE: BK) shares accounts for 86.67% of the company’s 759.34M shares outstanding.
It has a market capitalization of $54.02B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 16.92, while the earnings-per-share (ttm) stands at $4.33. The company has a PEG of 1.31 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 1.13% over the week and 1.54% over the month.
Analysts forecast that Bank Of New York Mellon Corp (BK) will achieve an EPS of 1.41 for the current quarter, 1.46 for the next quarter and 6.3 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.37 while analysts give the company a high EPS estimate of 1.37. Comparatively, EPS for the current quarter was 1.27 a year ago. Earnings per share for the fiscal year are expected to increase by 40.62%, and 12.66% over the next financial year. EPS should grow at an annualized rate of 12.96% 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. Deutsche Bank stated their Buy rating for the stock in a research note on September 23, 2024, with the firm’s price target at $66-$80. Citigroup coverage for the Bank Of New York Mellon Corp (BK) stock in a research note released on July 15, 2024 offered a Neutral rating with a price target of $65. Keefe Bruyette was of a view on June 27, 2024 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on January 30, 2024, issuing a price target of $52- $62. JP Morgan on their part issued Overweight rating on December 18, 2023.
