Currently, there are 727.08M common shares owned by the public and among those 725.04M shares have been available to trade.
The company’s stock has a 5-day price change of -2.54% and 2.41% over the past three months. BK shares are trading -1.16% year to date (YTD), with the 12-month market performance up to 44.02% higher. It has a 12-month low price of $52.64 and touched a high of $82.72 over the same period. BK has an average intraday trading volume of 3.69 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 -1.84%, -3.04%, and 12.71% respectively.
Institutional ownership of Bank Of New York Mellon Corp (NYSE: BK) shares accounts for 86.90% of the company’s 727.08M shares outstanding.
It has a market capitalization of $55.21B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 16.51, while the earnings-per-share (ttm) stands at $4.60. The company has a PEG of 1.21 and the debt-to-equity ratio at 1.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.94% over the week and 1.71% over the month.
Analysts forecast that Bank Of New York Mellon Corp (BK) will achieve an EPS of 1.57 for the current quarter, 1.44 for the next quarter and 6.62 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.44 while analysts give the company a high EPS estimate of 1.44. Comparatively, EPS for the current quarter was 1.28 a year ago. Earnings per share for the fiscal year are expected to increase by 45.12%, and 14.01% over the next financial year. EPS should grow at an annualized rate of 13.67% over the next five years, compared to -0.85% over the past 5-year period.
Morgan Stanley coverage for the Bank Of New York Mellon Corp (BK) stock in a research note released on December 09, 2024 offered a Overweight rating with a price target of $94. Deutsche Bank was of a view on September 23, 2024 that the stock is Buy, while Citigroup gave the stock Neutral rating on July 15, 2024, issuing a price target of $65. Keefe Bruyette on their part issued Outperform rating on June 27, 2024.
