Bank Of New York Mellon Corp (NYSE:BK) currently has a daily average trading volume of 4.34M but it saw 3748198 shares traded in last market. With a market cap of 60.24B USD, the company’s current market price of $83.90 came rising about 1.52 while comparing to the previous closing price of $82.64. 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 $82.19 while lowest mark touched by it was $84.44.
Taking a look at 20-day trading activity of Bank Of New York Mellon Corp (BK) gives us an average price of $84.94, while its current price level is -7.13% below from 52-week high level whereas it is 59.38% 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 $84.28 while that of 200 days or SMA-200 reads an average of $73.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.22% during that period while stretching the period over a month that increases to 2.59%. 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 48.93 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 3.89% up while it is -5.62% when we observe its performance for the past one month. Year-to-date it is 9.20% up and over the past year, the stock is showing an upside performance of 54.20%.
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 6.92. 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 $19.97B 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 0.16% of that held by the insiders while 88.74% 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 14.45 while having a 10.98 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 1.63 while price to sale or P/S ratio amounts to 1.52. Its return on asset (ROA) is 1.10% on average.
