Bank Of New York Mellon Corp (NYSE:BK) currently has a daily average trading volume of 4.25M but it saw 2452884 shares traded in last market. With a market cap of 61.09B USD, the company’s current market price of $85.09 came falling about -0.19 while comparing to the previous closing price of $85.25. 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 $84.63 while lowest mark touched by it was $86.06.
Taking a look at 20-day trading activity of Bank Of New York Mellon Corp (BK) gives us an average price of $84.29, while its current price level is -5.81% below from 52-week high level whereas it is 61.65% 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 $85.03 while that of 200 days or SMA-200 reads an average of $74.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.58% during that period while stretching the period over a month that increases to 2.45%. 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 53.21 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 1.42% up while it is -1.91% when we observe its performance for the past one month. Year-to-date it is 10.75% up and over the past year, the stock is showing an upside performance of 50.68%.
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 88.83% 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 14.65 while having a 11.13 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 1.65 while price to sale or P/S ratio amounts to 1.54. Its return on asset (ROA) is 1.10% on average.
