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Bank Of New York Mellon Corp (BK) Looks Ready for Growth Despite 15.68% Change This Year

Bank Of New York Mellon Corp (NYSE: BK) is 15.68% higher on its value in year-to-date trading and has touched a low of $39.66 and a high of $60.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BK stock was last observed hovering at around $59.54 in the last trading session, with the day’s gains setting it 0.67%.

Currently trading at $60.21, the stock is 1.51% and 2.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.7 million and changing 1.13% at the moment leaves the stock 14.16% off its SMA200. BK registered 35.67% gain for a year compared to 6-month gain of 14.93%.

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The stock witnessed a 0.50% loss in the last 1 month and extending the period to 3 months gives it a 5.59%, and is 0.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.41% over the week and 1.53% over the month.

Bank Of New York Mellon Corp (BK) has around 53400 employees, a market worth around $45.03B and $36.20B in sales. Current P/E ratio is 14.65 and Fwd P/E is 9.96. Profit margin for the company is 8.83%. Distance from 52-week low is 51.82% and -1.14% from its 52-week high. The company has generated returns on investments over the last 12 months (4.38%).

with sales reaching $4.52B over the same period.The EPS is expected to grow by 36.64% this year, but quarterly earnings will post 3.20% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.

Bank Of New York Mellon Corp (BK) Top Institutional Holders

The shares outstanding are 759.34M, and float is at 745.67M with Short Float at 1.10%.

Bank Of New York Mellon Corp (BK) Insider Activity

The most recent transaction is an insider sale by Santhanakrishnan Senthilkumar,the company’sSenior Exec VP. SEC filings show that Santhanakrishnan Senthilkumar sold 15,643 shares of the company’s common stock on May 08 ’24 at a price of $57.65 per share for a total of $0.9 million. Following the sale, the insider now owns 0.14 million shares.

Bank Of New York Mellon Corp disclosed in a document filed with the SEC on May 07 ’24 that Kurimsky Kurtis R. (Corporate Controller) sold a total of 6,215 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $57.93 per share for $0.36 million. Following the transaction, the insider now directly holds 24346.0 shares of the BK stock.

Still, SEC filings show that on Apr 19 ’24, McCarthy J Kevin (SEVP & General Counsel) disposed off 40,000 shares at an average price of $56.15 for $2.25 million. The insider now directly holds 100,404 shares of Bank Of New York Mellon Corp (BK).

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