Bank Of New York Mellon Corp (NYSE: BK) is 46.03% higher on its value in year-to-date trading and has touched a low of $44.32 and a high of $78.03 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 $75.00 in the last trading session, with the day’s gains setting it 1.01%.
Currently trading at $76.01, the stock is 0.17% and 5.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 1.35% at the moment leaves the stock 22.48% off its SMA200. BK registered 67.98% gain for a year compared to 6-month gain of 32.42%. The firm has a 50-day simple moving average (SMA 50) of $72.1398 and a 200-day simple moving average (SMA200) of $61.95385.
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The stock witnessed a 4.93% loss in the last 1 month and extending the period to 3 months gives it a 23.19%, and is -0.72% down 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 1.57% over the week and 1.59% over the month.
Bank Of New York Mellon Corp (BK) has around 53400 employees, a market worth around $55.27B and $38.91B in sales. Current P/E ratio is 16.53 and Fwd P/E is 11.67. Profit margin for the company is 8.90%. Distance from 52-week low is 71.50% and -2.59% from its 52-week high. The company has generated returns on investments over the last 12 months (4.60%).
The EPS is expected to grow by 44.16% this year.
Bank Of New York Mellon Corp (BK) Top Institutional Holders
1680.0 institutions hold shares in Bank Of New York Mellon Corp (BK), with institutional investors hold 88.47% of the company’s shares. The shares outstanding are 759.34M, and float is at 725.03M with Short Float at 1.33%. Institutions hold 88.31% 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 McCarthy J Kevin, the company’s SEVP & General Counsel. SEC filings show that McCarthy J Kevin sold 25,000 shares of the company’s common stock on Oct 15 ’24 at a price of $76.31 per share for a total of $1.91 million. Following the sale, the insider now owns 75404.0 shares.
Bank Of New York Mellon Corp disclosed in a document filed with the SEC on Oct 15 ’24 that Smits Hanneke (Sr. Exec. Vice President) sold a total of 16,475 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $76.47 per share for $1.26 million. Following the transaction, the insider now directly holds 0.16 million shares of the BK stock.
Still, SEC filings show that on Oct 15 ’24, McCarthy J Kevin (Officer) Proposed Sale 25,000 shares at an average price of $76.51 for $1.91 million. The insider now directly holds shares of Bank Of New York Mellon Corp (BK).
