A new trading day began on Friday, with Bank Of New York Mellon Corp (NYSE: BK) stock price down -0.07% from the previous day of trading, before settling in for the closing price of $75.36. BK’s price has ranged from $42.42 to $78.03 over the past 52 weeks.
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Annual sales at Financial sector company grew by 15.58% over the past five years. Meanwhile, its annual earnings per share averaged 44.16%. With a float of $725.03 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. In terms of profitability, gross margin is 99.6%, operating margin of 19.68%, and the pretax margin is 20.05%.
Bank Of New York Mellon Corp (BK) Insider Updates
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 0.28%, while institutional ownership is 87.69%. The most recent insider transaction that took place on Oct 15 ’24, was worth 1,907,872. In this transaction SEVP & General Counsel of this company sold 25,000 shares at a rate of $76.31, taking the stock ownership to the 75,404 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Sr. Exec. Vice President sold 16,475 for $76.47, making the entire transaction worth $1,259,869. This insider now owns 157,455 shares in total.
Bank Of New York Mellon Corp (BK) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.28 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 1.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.20% 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. According to the last quarter’s results, the stock had a quick ratio of N/A. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.60, a number that is poised to hit 1.50 in the next quarter and is forecasted to reach 6.51 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 3.44 million, a negative change from its year-to-date volume of 3.86 million. As of the previous 9 days, the stock’s Stochastic %D was 19.78%. Additionally, its Average True Range was 1.17.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 86.95%, which indicates a significant increase from 9.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.19% in the past 14 days, which was lower than the 18.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.97, while its 200-day Moving Average is $61.85. Nevertheless, the first resistance level for the watch stands at $76.01 in the near term. At $76.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $77.07. If the price goes on to break the first support level at $74.95, it is likely to go to the next support level at $74.58. Assuming the price breaks the second support level, the third support level stands at $73.89.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
With a market capitalization of 54.72 billion, the company has a total of 737,958K Shares Outstanding. Currently, annual sales are 33,805 M while annual income is 3,286 M. The company’s previous quarter sales were 10,252 M while its latest quarter income was 1,182 M.
