Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $78.20, with 6.24 million shares of worth about $488.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 35.98% during that period and on November 06, 2024 the price saw a gain of about 2.88%. 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 2.99% in past 5 days and over the past one month there was a price change of 6.83%. Year-to-date (YTD), BK shares are showing a performance of 50.24% which increased to 73.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.32 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 3.83 million. The stock is currently trading 2.77% above its 20-day simple moving average (SMA20), while that difference is up 7.80% for SMA50 and it goes to 25.77% 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 87.44% of that.
The stock has a current market capitalization of $56.86B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 17.01, while it has posted earnings per share of $4.60 in the same period. Its PEG reads 1.20 while making debt-to-equity ratio of 1.62. 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 1.89% while standing at 1.70% over the month.
Stock’s fiscal year EPS is expected to rise by 44.16% while it is estimated to increase by 12.93% 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.
