Bank Of New York Mellon Corp (BK) concluded trading on Wednesday at a closing price of $79.35, with 6.4 million shares of worth about $507.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.54% during that period and on April 09, 2025 the price saw a gain of about 7.96%. Currently the company’s common shares owned by public are about 717.68M shares, out of which, 715.78M shares are available for trading.
Stock saw a price change of -5.78% in past 5 days and over the past one month there was a price change of -2.10%. Year-to-date (YTD), BK shares are showing a performance of 3.28% which increased to 39.16% 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 $90.34 during that period. The average intraday trading volume for Bank Of New York Mellon Corp shares is 4.46 million. The stock is currently trading -2.76% below its 20-day simple moving average (SMA20), while that difference is down -5.87% for SMA50 and it goes to 5.50% higher than SMA200.
Bank Of New York Mellon Corp (NYSE: BK) currently have 717.68M outstanding shares and institutions hold larger chunk of about 88.81% of that.
The stock has a current market capitalization of $56.97B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 13.66, while it has posted earnings per share of $5.81 in the same period. Its PEG reads 1.09 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 7.56% while standing at 3.47% over the month.
Analysts are in expectations that Bank Of New York Mellon Corp (BK) stock would likely to be making an EPS of 1.49 in the current quarter, while forecast for next quarter EPS is 1.77 and it is 7.66 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.4 which is 1.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.90% while it is estimated to increase by 11.52% in next year. EPS is likely to grow at an annualized rate of 12.55% for next 5-years, compared to annual growth of 5.14% 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.
