A new trading day began on Monday, with Bank Of New York Mellon Corp (NYSE: BK) stock price up 2.66% from the previous day of tradingbefore settling in for the closing price of $68.70. BK’s price has ranged from $39.66 to $69.74 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%. Meanwhile, its annual earnings per share averaged 39.79%. With a float of $735.81 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. In terms of profitability, gross margin is 99.49%, operating margin of 24.6%, and the pretax margin is 25.41%.
Bank Of New York Mellon Corp (BK) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Diversified Industry. The insider ownership of Bank Of New York Mellon Corp is 0.29%, while institutional ownership is 88.07%. The most recent insider transaction that took place on Jul 18 ’24, was worth 961,620. In this transaction Sr. Exec. Vice President of this company sold 15,000 shares at a rate of $64.11, taking the stock ownership to the 173,930 shares. Before that another transaction happened on May 08 ’24, when Company’s Senior Exec VP sold 15,643 for $57.65, making the entire transaction worth $901,772. This insider now owns 144,721 shares in total.
Bank Of New York Mellon Corp (BK) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.27 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 39.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.86% 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
Here are Bank Of New York Mellon Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 45.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.33, a number that is poised to hit 1.38 in the next quarter and is forecasted to reach 6.26 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Compared to the last year’s volume of 3.81 million, its volume of 4.04 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.26%. Additionally, its Average True Range was 1.32.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 99.45%, which indicates a significant increase from 98.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.89% in the past 14 days, which was lower than the 18.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $65.03, while its 200-day Moving Average is $58.01. Nevertheless, the first resistance level for the watch stands at $71.09 in the near term. At $71.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.70. If the price goes on to break the first support level at $69.48, it is likely to go to the next support level at $68.44. Now, if the price goes above the second support level, the third support stands at $67.87.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
With a market capitalization of 52.05 billion, the company has a total of 747,816K Shares Outstanding. Currently, annual sales are 33,805 M while annual income is 3,286 M. The company’s previous quarter sales were 9,959 M while its latest quarter income was 1,168 M.
