Bank Of New York Mellon Corp (NYSE:BK) currently has a daily average trading volume of 3.84M but it saw 2859263 shares traded in last market. With a market cap of 62.08B USD, the company’s current market price of $86.50 came rising about 0.53 while comparing to the previous closing price of $86.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $87.70 and as low as $52.64. In the recent trading on the day, stock has struck highest price mark of $86.05 while lowest mark touched by it was $87.52.
Taking a look at 20-day trading activity of Bank Of New York Mellon Corp (BK) gives us an average price of $81.23, while its current price level is -1.37% below from 52-week high level whereas it is 64.32% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $80.03 while that of 200 days or SMA-200 reads an average of $68.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.82% during that period while stretching the period over a month that increases to 1.91%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.54 which implies that the stock is in overbought territory.
Morgan Stanley upgraded its recommendation for the stock as a “Overweight” from “Equal-Weight” on December 09, 2024 while assigning a price target range of $82-$94. Deutsche Bank issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $66 and $80.
Over the week, BK’s stock price is moving 2.09% up while it is 11.51% when we observe its performance for the past one month. Year-to-date it is 12.59% up and over the past year, the stock is showing an upside performance of 54.74%.
Currently, Bank Of New York Mellon Corp’s total number of outstanding shares is 717.68M with 0.18% of that held by the insiders while 87.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.99% and return on equity (ROE) at 11.02%. It has a price to earnings ratio (P/E ratio) of 14.90 while having a 11.36 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 1.68 while price to sale or P/S ratio amounts to 1.56. Its return on asset (ROA) is 1.10% on average.
