On Monday, Bank Of New York Mellon Corp (NYSE: BK) opened higher 0.07% from the last session, before settling in for the closing price of $55.05. Price fluctuations for BK have ranged from $39.65 to $58.28 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 15.58%. Company’s average yearly earnings per share was noted 32.48% at the time writing. With a float of $752.20 million, this company’s outstanding shares have now reached $759.34 million.
Considering the fact that the conglomerate employs 53400 people, you should pay attention to its efficiency factor.
Bank Of New York Mellon Corp (BK) Insider Activity
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of Bank Of New York Mellon Corp is 0.30%, while institutional ownership is 87.02%. The most recent insider transaction that took place on Feb 08 ’24, was worth 246,530. In this transaction Sr. Exec. Vice President of this company sold 4,498 shares at a rate of $54.81, taking the stock ownership to the 123,490 shares. Before that another transaction happened on Jan 16 ’24, when Company’s Sr. Exec. Vice President sold 31,322 for $55.01, making the entire transaction worth $1,723,072. This insider now owns 95,714 shares in total.
Bank Of New York Mellon Corp (BK) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 32.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.28% during the next five years compared to -0.85% drop over the previous five years of trading.
Bank Of New York Mellon Corp (NYSE: BK) Trading Performance Indicators
Check out the current performance indicators for Bank Of New York Mellon Corp (BK). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.23. Likewise, its price to free cash flow for the trailing twelve months is 8.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.98, a number that is poised to hit 1.19 in the next quarter and is forecasted to reach 5.85 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Compared to the last year’s volume of 3.96 million, its volume of 4.13 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.75%. Additionally, its Average True Range was 1.00.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 72.46%, which indicates a significant increase from 14.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.09% in the past 14 days, which was higher than the 15.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.73, while its 200-day Moving Average is $48.88. Nevertheless, the first resistance level for the watch stands at $55.92 in the near term. At $56.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $57.42. If the price goes on to break the first support level at $54.42, it is likely to go to the next support level at $53.74. Should the price break the second support level, the third support level stands at $52.92.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
There are currently 752,871K shares outstanding in the company with a market cap of 41.56 billion. Presently, the company’s annual sales total 33,805 M according to its annual income of 3,286 M. Last quarter, the company’s sales amounted to 9,173 M and its income totaled 205,000 K.
