On Monday, Bank Of New York Mellon Corp (NYSE: BK) opened higher 0.64% from the last session, before settling in for the closing price of $71.98. Price fluctuations for BK have ranged from $39.66 to $73.19 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 15.58% over the last five years. Company’s average yearly earnings per share was noted 40.30% at the time writing. With a float of $735.91 million, this company’s outstanding shares have now reached $759.34 million.
The firm has a total of 53400 workers. Let’s measure their productivity. 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
A key investor’s attitude towards the stock of the Banks – Diversified industry is another important factor to consider. The insider ownership of Bank Of New York Mellon Corp is 0.28%, while institutional ownership is 86.65%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.15) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.96% 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 1.42. Likewise, its price to free cash flow for the trailing twelve months is 47.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.33, a number that is poised to hit 1.41 in the next quarter and is forecasted to reach 6.32 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Analysing the last 5-days average volume posted by the [Bank Of New York Mellon Corp, BK], we can find that recorded value of 3.78 million was lower than the volume posted last year of 3.84 million. As of the previous 9 days, the stock’s Stochastic %D was 60.38%. Additionally, its Average True Range was 1.08.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 95.32%, which indicates a significant increase from 73.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.79% in the past 14 days, which was lower than the 18.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.54, while its 200-day Moving Average is $59.66. Now, the first resistance to watch is $72.83. This is followed by the second major resistance level at $73.23. The third major resistance level sits at $73.72. If the price goes on to break the first support level at $71.94, it is likely to go to the next support level at $71.45. Now, if the price goes above the second support level, the third support stands at $71.05.
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 53.46 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 9,959 M and its income totaled 1,168 M.
