Bank Of New York Mellon Corp (NYSE: BK) on November 20, 2023, started off the session at the price of $47.24, plunging -0.17% from the previous trading day. During the day, the shares moved up to $47.39 and dropped to $46.76 before settling in for the closing price of $47.20. Within the past 52 weeks, BK’s price has moved between $39.65 and $52.26.
During the last 5-year period, the sales growth of Financial Sector giant was 4.69%. The company achieved an average annual earnings per share of 61.29%. With a float of $767.20 million, this company’s outstanding shares have now reached $808.44 million.
Let’s determine the extent of company efficiency that accounts for 51700 employees.
Bank Of New York Mellon Corp (BK) Breakdown of a Key Holders of the stock
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Bank Of New York Mellon Corp is 0.24%, while institutional ownership is 84.69%. The most recent insider transaction that took place on Aug 04, was worth 641,031. In this transaction Corporate Controller of this company sold 14,045 shares at a rate of $45.64, taking the stock ownership to the 23,816 shares. Before that another transaction happened on Jul 19, when Company’s SEVP & General Counsel sold 35,000 for $46.33, making the entire transaction worth $1,621,410. This insider now owns 98,102 shares in total.
Bank Of New York Mellon Corp (BK) Recent Fiscal highlights
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $1.16 earnings per share (EPS) for the period topping the consensus outlook (set at $1.05) by $0.11. 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 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 61.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.42% during the next five years compared to -4.88% drop over the previous five years of trading.
Bank Of New York Mellon Corp (NYSE: BK) Trading Performance Indicators
Bank Of New York Mellon Corp (BK) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.19. Likewise, its price to free cash flow for the trailing twelve months is 3.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.27, a number that is poised to hit 0.92 in the next quarter and is forecasted to reach 5.04 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Looking closely at Bank Of New York Mellon Corp (NYSE: BK), its last 5-days average volume was 6.1 million, which is a jump from its year-to-date volume of 5.13 million. As of the previous 9 days, the stock’s Stochastic %D was 89.22%. Additionally, its Average True Range was 0.89.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 96.51%, which indicates a significant increase from 94.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.24% in the past 14 days, which was lower than the 22.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.46, while its 200-day Moving Average is $44.53. However, in the short run, Bank Of New York Mellon Corp’s stock first resistance to watch stands at $47.42. Second resistance stands at $47.72. The third major resistance level sits at $48.05. If the price goes on to break the first support level at $46.79, it is likely to go to the next support level at $46.46. Now, if the price goes above the second support level, the third support stands at $46.16.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
Market capitalization of the company is 36.24 billion based on 769,073K outstanding shares. Right now, sales total 19,991 M and income totals 2,573 M. The company made 8,877 M in profit during its latest quarter, and 1,038 M in sales during its previous quarter.