Bank Of New York Mellon Corp (NYSE: BK) kicked off on Monday, up 1.55% from the previous trading day, before settling in for the closing price of $56.29. Over the past 52 weeks, BK has traded in a range of $39.65-$58.28.
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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%. While this was happening, its average annual earnings per share was recorded 35.75%. 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
Our next focus will be how large-scale investors are participating in this stock of the Asset Management Industry. The insider ownership of Bank Of New York Mellon Corp is 0.30%, while institutional ownership is 87.01%. The most recent insider transaction that took place on Apr 18 ’24, was worth 2,967,362. In this transaction Sr. Exec. Vice President of this company sold 54,070 shares at a rate of $54.88, taking the stock ownership to the 78,350 shares. Before that another transaction happened on Feb 08 ’24, when Company’s Sr. Exec. Vice President sold 4,498 for $54.81, making the entire transaction worth $246,530. This insider now owns 123,490 shares in total.
Bank Of New York Mellon Corp (BK) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 35.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.70% 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
Take a look at Bank Of New York Mellon Corp’s (BK) 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 9.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.11, a number that is poised to hit 1.41 in the next quarter and is forecasted to reach 6.02 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Compared to the last year’s volume of 4.01 million, its volume of 4.72 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.85%. Additionally, its Average True Range was 1.13.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 90.28%, which indicates a significant increase from 80.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.96% in the past 14 days, which was higher than the 16.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.75, while its 200-day Moving Average is $49.16. Nevertheless, the first resistance level for the watch stands at $57.65 in the near term. At $58.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $58.80. If the price goes on to break the first support level at $56.49, it is likely to go to the next support level at $55.83. Should the price break the second support level, the third support level stands at $55.34.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
The company with the Market Capitalisation of 43.12 billion has total of 752,871K Shares Outstanding. Its annual sales at the moment are 33,805 M in contrast with the sum of 3,286 M annual income. Company’s last quarter sales were recorded 3,487 M and last quarter income was 1,025 M.
