Bank Of New York Mellon Corp (NYSE: BK) is -1.16% lower on its value in year-to-date trading and has touched a low of $52.64 and a high of $82.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BK stock was last observed hovering at around $76.11 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $75.94, the stock is -1.84% and -3.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.68 million and changing -0.22% at the moment leaves the stock 12.71% off its SMA200. BK registered 44.02% gain for a year compared to 6-month gain of 15.57%. The firm has a 50-day simple moving average (SMA 50) of $78.3184 and a 200-day simple moving average (SMA200) of $67.2787.
The stock witnessed a -4.68% loss in the last 1 month and extending the period to 3 months gives it a 2.41%, and is -2.54% 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 1.94% over the week and 1.71% over the month.
Bank Of New York Mellon Corp (BK) has around 53400 employees, a market worth around $55.21B and $38.91B in sales. Current P/E ratio is 16.51 and Fwd P/E is 11.47. Profit margin for the company is 8.90%. Distance from 52-week low is 44.26% and -8.20% from its 52-week high. The company has generated returns on investments over the last 12 months (4.60%).
with sales reaching $4.66B over the same period.The EPS is expected to grow by 45.12% this year, but quarterly earnings will post 5.17% year-over-year. Quarterly sales are estimated to grow 8.08% in year-over-year returns.
Bank Of New York Mellon Corp (BK) Top Institutional Holders
1728.0 institutions hold shares in Bank Of New York Mellon Corp (BK), with institutional investors hold 87.89% of the company’s shares. The shares outstanding are 727.08M, and float is at 725.04M with Short Float at 1.20%. Institutions hold 87.73% 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).
