Bank Of New York Mellon Corp (NYSE:BK) currently has a daily average trading volume of 4.28M but it saw 5488715 shares traded in last market. With a market cap of 57.98B USD, the company’s current market price of $80.76 came falling about -0.36 while comparing to the previous closing price of $81.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $90.34 and as low as $52.64. In the recent trading on the day, stock has struck highest price mark of $79.24 while lowest mark touched by it was $82.05.
Taking a look at 20-day trading activity of Bank Of New York Mellon Corp (BK) gives us an average price of $86.28, while its current price level is -10.60% below from 52-week high level whereas it is 53.42% 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 $83.79 while that of 200 days or SMA-200 reads an average of $72.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.34% during that period while stretching the period over a month that decreases to 2.42%. 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 35.62 which implies that the stock is in neutral 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 -6.70% down while it is -5.02% when we observe its performance for the past one month. Year-to-date it is 5.12% up and over the past year, the stock is showing an upside performance of 45.59%.
The company is expected to be releasing its next quarterly report on 2025-Jan-14, for which analysts forecasted an EPS of 1.5 while estimate for next year EPS is 6.93. In next quarter, company is expected to be making quarterly sales of $4.85B as analysts are expecting the sales for current fiscal year at $19.34B and seeing the company making $19.98B in sales next year. Moreover, analysts are in estimates of $4.76B for current-quarter revenue.
Currently, Bank Of New York Mellon Corp’s total number of outstanding shares is 717.68M with 0.17% of that held by the insiders while 88.72% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.20% and return on equity (ROE) at 11.02%. It has a price to earnings ratio (P/E ratio) of 13.91 while having a 10.57 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 1.57 while price to sale or P/S ratio amounts to 1.46. Its return on asset (ROA) is 1.10% on average.
