Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $76.37, with 4.64 million shares of worth about $354.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.79% during that period and on October 23, 2024 the price saw a gain of about 0.61%. Currently the company’s common shares owned by public are about 759.34M shares, out of which, 725.03M shares are available for trading.
Stock saw a price change of -1.20% in past 5 days and over the past one month there was a price change of 6.34%. Year-to-date (YTD), BK shares are showing a performance of 46.72% which increased to 84.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.28 but also hit the highest price of $78.03 during that period. The average intraday trading volume for Bank Of New York Mellon Corp shares is 4.04 million. The stock is currently trading 3.15% above its 20-day simple moving average (SMA20), while that difference is up 8.37% for SMA50 and it goes to 25.02% higher than SMA200.
Bank Of New York Mellon Corp (NYSE: BK) currently have 759.34M outstanding shares and institutions hold larger chunk of about 87.84% of that.
The stock has a current market capitalization of $55.53B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 16.59, while it has posted earnings per share of $4.60 in the same period. Its PEG reads 1.17 while making debt-to-equity ratio of 1.15. 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 1.03% while standing at 1.46% over the month.
Stock’s fiscal year EPS is expected to rise by 44.10% while it is estimated to increase by 12.63% in next year. EPS is likely to grow at an annualized rate of 14.20% 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 Deutsche Bank on September 23, 2024 offering a Buy rating for the stock and assigned a target price range of between $66 and $80 to it. Coverage by Citigroup stated Bank Of New York Mellon Corp (BK) stock as a Neutral in their note to investors on July 15, 2024, suggesting a price target of $65 for the stock. On June 27, 2024, Keefe Bruyette Upgrade their recommendations, while on January 30, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $62. Stock get an Overweight rating from JP Morgan on December 18, 2023.
