Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $75.82, with 4.58 million shares of worth about $347.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.86% during that period and on December 18, 2024 the price saw a loss of about -3.35%. Currently the company’s common shares owned by public are about 727.08M shares, out of which, 725.04M shares are available for trading.
Stock saw a price change of -4.83% in past 5 days and over the past one month there was a price change of -3.60%. Year-to-date (YTD), BK shares are showing a performance of 45.67% which increased to 47.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $50.87 but also hit the highest price of $82.72 during that period. The average intraday trading volume for Bank Of New York Mellon Corp shares is 3.88 million. The stock is currently trading -5.21% below its 20-day simple moving average (SMA20), while that difference is down -2.71% for SMA50 and it goes to 15.48% higher than SMA200.
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Bank Of New York Mellon Corp (NYSE: BK) currently have 727.08M outstanding shares and institutions hold larger chunk of about 86.88% of that.
The stock has a current market capitalization of $55.13B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 16.49, 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 1.62. 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 1.86% while standing at 1.64% over the month.
Stock’s fiscal year EPS is expected to rise by 44.50% while it is estimated to increase by 13.13% 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 Morgan Stanley on December 09, 2024 offering an Overweight rating for the stock and assigned a target price range of between $82 and $94 to it. Coverage by Deutsche Bank stated Bank Of New York Mellon Corp (BK) stock as a Buy in their note to investors on September 23, 2024, suggesting a price target of $80 for the stock. On July 15, 2024, Citigroup Downgrade their recommendations, while on June 27, 2024, Keefe Bruyette Upgrade their ratings for the stock with a price target of $70. Stock get an Equal-weight rating from Morgan Stanley on January 30, 2024.
