Currently, there are 717.68M common shares owned by the public and among those 715.78M shares have been available to trade.
The company’s stock has a 5-day price change of -5.25% and -0.54% over the past three months. BK shares are trading 5.49% year to date (YTD), with the 12-month market performance up to 45.43% higher. It has a 12-month low price of $52.64 and touched a high of $90.34 over the same period. BK has an average intraday trading volume of 4.22 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 -6.32%, -3.22%, and 11.28% respectively.
Institutional ownership of Bank Of New York Mellon Corp (NYSE: BK) shares accounts for 88.76% of the company’s 717.68M shares outstanding.
It has a market capitalization of $58.19B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 13.96, while the earnings-per-share (ttm) stands at $5.81. The company has a PEG of 1.03 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 3.09% over the week and 2.35% over the month.
Earnings per share for the fiscal year are expected to increase by 19.00%, and 10.69% over the next financial year. EPS should grow at an annualized rate of 13.53% over the next five years, compared to 5.14% 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.
