Bank Of New York Mellon Corp (NYSE:BK) currently has a daily average trading volume of 4.04M but it saw 4644852 shares traded in last market. With a market cap of 55.53B USD, the company’s current market price of $76.37 came rising about 0.61 while comparing to the previous closing price of $75.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $78.03 and as low as $41.28. In the recent trading on the day, stock has struck highest price mark of $75.69 while lowest mark touched by it was $76.39.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Deutsche Bank which upgraded the stock as “Buy” in its note to investors issued on September 23, 2024, recommending a price target of between $66 and $80 for it. Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 15, 2024 while assigning a price target of $65. Keefe Bruyette also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $60 and $70.
Over the week, BK’s stock price is moving -1.20% down while it is 6.34% when we observe its performance for the past one month. Year-to-date it is 46.72% up and over the past year, the stock is showing an upside performance of 84.07%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.28 beat the consensus estimate of 1.13 for the same. The company is expected to be releasing its next quarterly report on 2025-Jan-10, for which analysts forecasted an EPS of 1.52 while estimate for next year EPS is 5.85. In next quarter, company is expected to be making quarterly sales of $4.62B as analysts are expecting the sales for current fiscal year at $18.38B and seeing the company making $18.93B in sales next year. Moreover, analysts are in estimates of $4.62B for current-quarter revenue.
Currently, Bank Of New York Mellon Corp’s total number of outstanding shares is 759.34M with 0.18% of that held by the insiders while 88.32% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.58% and return on equity (ROE) at 8.86%. It has a price to earnings ratio (P/E ratio) of 16.59 while having a 11.76 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 1.47 while price to sale or P/S ratio amounts to 1.43. Its return on asset (ROA) is 0.88% on average.
