Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $86.04, with 3.34 million shares of worth about $287.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.21% during that period and on January 29, 2025 the price saw a loss of about -0.35%. Currently the company’s common shares owned by public are about 717.68M shares, out of which, 715.63M shares are available for trading.
Stock saw a price change of 2.03% in past 5 days and over the past one month there was a price change of 9.81%. Year-to-date (YTD), BK shares are showing a performance of 11.99% which increased to 55.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.64 but also hit the highest price of $86.69 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 6.54% above its 20-day simple moving average (SMA20), while that difference is up 7.75% for SMA50 and it goes to 25.13% higher than SMA200.
Bank Of New York Mellon Corp (NYSE: BK) currently have 717.68M outstanding shares and institutions hold larger chunk of about 88.15% of that.
The stock has a current market capitalization of $61.75B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 14.82, while it has posted earnings per share of $5.81 in the same period. Its PEG reads 1.10 while making debt-to-equity ratio of 1.10. 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 1.82% while standing at 1.92% over the month.
Stock’s fiscal year EPS is expected to rise by 18.56% while it is estimated to increase by 10.69% in next year. EPS is likely to grow at an annualized rate of 13.48% for next 5-years, compared to annual growth of 5.16% made by the stock over the past 5-years.
Coverage by Morgan Stanley stated Bank Of New York Mellon Corp (BK) stock as an Overweight in their note to investors on December 09, 2024, suggesting a price target of $94 for the stock. On September 23, 2024, Deutsche Bank Upgrade their recommendations, while on July 15, 2024, Citigroup Downgrade their ratings for the stock with a price target of $65. Stock get an Outperform rating from Keefe Bruyette on June 27, 2024.
