Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $75.93, with 4.1 million shares of worth about $311.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.48% during that period and on October 30, 2024 the price saw a loss of about -0.82%. 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 -0.58% in past 5 days and over the past one month there was a price change of 6.78%. Year-to-date (YTD), BK shares are showing a performance of 45.88% which increased to 79.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.80 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 3.94 million. The stock is currently trading 0.95% above its 20-day simple moving average (SMA20), while that difference is up 6.09% for SMA50 and it goes to 23.17% 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 87.80% of that.
The stock has a current market capitalization of $55.21B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 16.50, while it has posted earnings per share of $4.60 in the same period. Its PEG reads 1.16 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 1.43% while standing at 1.51% over the month.
Stock’s fiscal year EPS is expected to rise by 44.09% 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.
