On Monday, Bank Of New York Mellon Corp (NYSE: BK) opened lower -1.01% from the last session, before settling in for the closing price of $58.44. Price fluctuations for BK have ranged from $39.65 to $58.74 over the past 52 weeks.
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Annual sales at Financial sector company grew by 15.58% over the past five years. Company’s average yearly earnings per share was noted 35.53% at the time writing. With a float of $745.71 million, this company’s outstanding shares have now reached $759.34 million.
Let’s look at the performance matrix of the company that is accounted for 53400 employees.
Bank Of New York Mellon Corp (BK) Insider Updates
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 0.28%, while institutional ownership is 87.87%. The most recent insider transaction that took place on May 08 ’24, was worth 901,772. In this transaction Senior Exec VP of this company sold 15,643 shares at a rate of $57.65, taking the stock ownership to the 144,721 shares. Before that another transaction happened on May 07 ’24, when Company’s Corporate Controller sold 6,215 for $57.93, making the entire transaction worth $360,043. This insider now owns 24,346 shares in total.
Bank Of New York Mellon Corp (BK) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 1.38 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.22) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 35.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.80% 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 1.20. Likewise, its price to free cash flow for the trailing twelve months is 237.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.11, a number that is poised to hit 1.40 in the next quarter and is forecasted to reach 5.99 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Bank Of New York Mellon Corp (NYSE: BK) saw its 5-day average volume 2.99 million, a negative change from its year-to-date volume of 3.84 million. As of the previous 9 days, the stock’s Stochastic %D was 82.68%. Additionally, its Average True Range was 0.90.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 88.58%, which indicates a significant increase from 66.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.90% in the past 14 days, which was lower than the 15.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.39, while its 200-day Moving Average is $50.10. Nevertheless, the first resistance level for the watch stands at $58.45 in the near term. At $59.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $59.36. If the price goes on to break the first support level at $57.54, it is likely to go to the next support level at $57.24. Assuming the price breaks the second support level, the third support level stands at $56.63.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
There are currently 747,816K shares outstanding in the company with a market cap of 43.26 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 9,583 M and its income totaled 1,025 M.
