On May 19, 2023, The Bank of New York Mellon Corporation (NYSE: BK) opened at $41.38, lower -0.46% from the last session. During the day, the shares moved up to $41.785 and dropped to $40.81 before settling in for the closing price of $41.08. Price fluctuations for BK have ranged from $36.22 to $52.26 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 10.20%. Company’s average yearly earnings per share was noted -30.10% at the time writing. With a float of $787.08 million, this company’s outstanding shares have now reached $803.34 million.
The extent of productivity of a business whose workforce counts for 51600 workers is very important to gauge.
The Bank of New York Mellon Corporation (BK) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of The Bank of New York Mellon Corporation is 0.10%, while institutional ownership is 85.50%. The most recent insider transaction that took place on Nov 09, was worth 717,238. In this transaction Sr. Exec. Vice President of this company sold 16,960 shares at a rate of $42.29, taking the stock ownership to the 82,256 shares. Before that another transaction happened on Oct 19, when Company’s SEVP & General Counsel sold 20,000 for $39.37, making the entire transaction worth $787,314. This insider now owns 108,686 shares in total.
The Bank of New York Mellon Corporation (BK) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $1.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.12) by $0. This company achieved a net margin of +12.91 while generating a return on equity of 6.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.24% during the next five years compared to -0.90% drop over the previous five years of trading.
The Bank of New York Mellon Corporation (NYSE: BK) Trading Performance Indicators
Check out the current performance indicators for The Bank of New York Mellon Corporation (BK). In the past quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 3.15. Likewise, its price to free cash flow for the trailing twelve months is 2.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.16, a number that is poised to hit 1.23 in the next quarter and is forecasted to reach 5.18 in one year’s time.
Technical Analysis of The Bank of New York Mellon Corporation (BK)
The latest stats from [The Bank of New York Mellon Corporation, BK] show that its last 5-days average volume of 3.95 million was inferior to 5.77 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.27%. Additionally, its Average True Range was 1.04.
During the past 100 days, The Bank of New York Mellon Corporation’s (BK) raw stochastic average was set at 9.83%, which indicates a significant decrease from 49.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.28% in the past 14 days, which was lower than the 27.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.36, while its 200-day Moving Average is $44.58. Now, the first resistance to watch is $41.51. This is followed by the second major resistance level at $42.14. The third major resistance level sits at $42.49. If the price goes on to break the first support level at $40.54, it is likely to go to the next support level at $40.19. The third support level lies at $39.56 if the price breaches the second support level.
The Bank of New York Mellon Corporation (NYSE: BK) Key Stats
There are currently 789,134K shares outstanding in the company with a market cap of 32.42 billion. Presently, the company’s annual sales total 19,991 M according to its annual income of 2,573 M. Last quarter, the company’s sales amounted to 7,177 M and its income totaled 976,000 K.
