Bank Of New York Mellon Corp (NYSE: BK) is 46.46% higher on its value in year-to-date trading and has touched a low of $39.66 and a high of $76.61 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 $76.51 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $76.23, the stock is 5.03% and 10.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.49 million and changing -0.37% at the moment leaves the stock 26.30% off its SMA200. BK registered 85.11% gain for a year compared to 6-month gain of 41.17%. The firm has a 50-day simple moving average (SMA 50) of $68.831 and a 200-day simple moving average (SMA200) of $60.3552.
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The stock witnessed a 8.08% loss in the last 1 month and extending the period to 3 months gives it a 18.94%, and is 4.14% 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 2.39% over the week and 1.54% over the month.
Bank Of New York Mellon Corp (BK) has around 53400 employees, a market worth around $56.25B and $38.94B in sales. Current P/E ratio is 16.56 and Fwd P/E is 11.75. Profit margin for the company is 8.89%. Distance from 52-week low is 92.21% and -0.50% from its 52-week high. The company has generated returns on investments over the last 12 months (4.58%).
with sales reaching $4.6B over the same period.The EPS is expected to grow by 44.03% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.
Bank Of New York Mellon Corp (BK) Top Institutional Holders
1666.0 institutions hold shares in Bank Of New York Mellon Corp (BK), with institutional investors hold 88.73% of the company’s shares. The shares outstanding are 759.34M, and float is at 735.91M with Short Float at 1.19%. Institutions hold 88.57% 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
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Still, SEC filings show that on Jul 18 ’24, Smits Hanneke (Sr. Exec. Vice President) disposed off 15,000 shares at an average price of $64.11 for $0.96 million. The insider now directly holds 173,930 shares of Bank Of New York Mellon Corp (BK).
