Bank Of New York Mellon Corp (NYSE: BK) is 40.63% higher on its value in year-to-date trading and has touched a low of $39.66 and a high of $73.19 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 $72.44 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $73.20, the stock is 2.85% and 8.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.79 million and changing 1.05% at the moment leaves the stock 22.46% off its SMA200. BK registered 73.67% gain for a year compared to 6-month gain of 27.97%. The firm has a 50-day simple moving average (SMA 50) of $67.7136 and a 200-day simple moving average (SMA200) of $59.77405.
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The stock witnessed a 8.09% loss in the last 1 month and extending the period to 3 months gives it a 20.59%, and is 2.94% 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 1.13% over the week and 1.54% over the month.
Bank Of New York Mellon Corp (BK) has around 53400 employees, a market worth around $54.02B and $37.58B in sales. Current P/E ratio is 16.92 and Fwd P/E is 11.55. Profit margin for the company is 8.80%. Distance from 52-week low is 84.57% and 0.01% from its 52-week high. The company has generated returns on investments over the last 12 months (4.61%).
with sales reaching $4.54B over the same period.The EPS is expected to grow by 40.62% this year, but quarterly earnings will post 4.20% year-over-year.
Bank Of New York Mellon Corp (BK) Top Institutional Holders
1662.0 institutions hold shares in Bank Of New York Mellon Corp (BK), with institutional investors hold 87.42% of the company’s shares. The shares outstanding are 759.34M, and float is at 735.91M with Short Float at 1.95%. Institutions hold 87.26% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 72.58 million shares valued at $4.35 billion. The investor’s holdings represent 9.5882% of the BK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 63.91 million shares valued at $3.83 billion to account for 8.4436 of the shares outstanding. The other top investors are DODGE & COX which holds 54.77 million shares representing 7.236% and valued at over $3.28 billion, while STATE STREET CORP holds 4.314 of the shares totaling 32.65 million with a market value of $1.96 billion.
Bank Of New York Mellon Corp (BK) Insider Activity
The most recent transaction is an insider sale by Smits Hanneke, the company’s Sr. Exec. Vice President. SEC filings show that Smits Hanneke sold 15,000 shares of the company’s common stock on Jul 18 ’24 at a price of $64.11 per share for a total of $0.96 million. Following the sale, the insider now owns 0.17 million shares.
Bank Of New York Mellon Corp disclosed in a document filed with the SEC on May 08 ’24 that Santhanakrishnan Senthilkumar (Senior Exec VP) sold a total of 15,643 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $57.65 per share for $0.9 million. Following the transaction, the insider now directly holds 0.14 million shares of the BK stock.
Still, SEC filings show that on May 07 ’24, Kurimsky Kurtis R. (Corporate Controller) disposed off 6,215 shares at an average price of $57.93 for $0.36 million. The insider now directly holds 24,346 shares of Bank Of New York Mellon Corp (BK).
