Bank Of New York Mellon Corp (NYSE: BK) is -3.57% lower on its value in year-to-date trading and has touched a low of $52.64 and a high of $90.34 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 $73.31 in the last trading session, with the day’s gains setting it 0.78%.
Currently trading at $74.09, the stock is -9.70% and -12.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.44 million and changing 1.06% at the moment leaves the stock -1.26% off its SMA200. BK registered 30.51% gain for a year compared to 6-month gain of 4.62%. The firm has a 50-day simple moving average (SMA 50) of $84.6892 and a 200-day simple moving average (SMA200) of $75.0375.
The stock witnessed a -13.69% loss in the last 1 month and extending the period to 3 months gives it a -3.69%, and is -11.66% 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 4.65% over the week and 2.95% over the month.
Bank Of New York Mellon Corp (BK) has around 51800 employees, a market worth around $53.19B and $39.74B in sales. Current P/E ratio is 12.76 and Fwd P/E is 9.67. Profit margin for the company is 10.91%. Distance from 52-week low is 40.75% and -17.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.20%).
with sales reaching $4.77B over the same period.The EPS is expected to grow by 18.46% this year, but quarterly earnings will post 3.83% year-over-year. Quarterly sales are estimated to grow 5.44% in year-over-year returns.
Bank Of New York Mellon Corp (BK) Top Institutional Holders
1867.0 institutions hold shares in Bank Of New York Mellon Corp (BK), with institutional investors hold 88.90% of the company’s shares. The shares outstanding are 717.68M, and float is at 715.78M with Short Float at 1.42%. Institutions hold 88.75% 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 8.557 of the shares outstanding. The other top investors are DODGE & COX which holds 54.77 million shares representing 7.3332% and valued at over $3.28 billion, while STATE STREET CORP holds 4.372 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).
