Bank Of New York Mellon Corp (NYSE: BK) kicked off on Friday, down -0.45% from the previous trading day, before settling in for the closing price of $83.93. Over the past 52 weeks, BK has traded in a range of $52.64-$90.34.
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A company in the Financial sector has jumped its sales by 17.60% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 19.07%. With a float of $715.78 million, this company’s outstanding shares have now reached $717.68 million.
In an organization with 51800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 99.48%, operating margin of 23.15%, and the pretax margin is 31.88%.
Bank Of New York Mellon Corp (BK) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Banks – Diversified Industry. The insider ownership of Bank Of New York Mellon Corp is 0.31%, while institutional ownership is 88.78%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 19.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.10% during the next five years compared to 5.14% growth 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 1.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.81, a number that is poised to hit 1.52 in the next quarter and is forecasted to reach 7.64 in one year’s time.
Technical Analysis of Bank Of New York Mellon Corp (BK)
Let’s dig in a bit further. During the last 5-days, its volume was 5.13 million. That was better than the volume of 4.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 70.09%. Additionally, its Average True Range was 2.00.
During the past 100 days, Bank Of New York Mellon Corp’s (BK) raw stochastic average was set at 57.67%, which indicates a significant increase from 49.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.85% in the past 14 days, which was higher than the 23.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $84.52, while its 200-day Moving Average is $73.78. However, in the short run, Bank Of New York Mellon Corp’s stock first resistance to watch stands at $84.23. Second resistance stands at $84.92. The third major resistance level sits at $85.70. If the price goes on to break the first support level at $82.77, it is likely to go to the next support level at $81.99. The third support level lies at $81.30 if the price breaches the second support level.
Bank Of New York Mellon Corp (NYSE: BK) Key Stats
The company with the Market Capitalisation of 59.99 billion has total of 717,974K Shares Outstanding. Its annual sales at the moment are 39,914 M in contrast with the sum of 4,530 M annual income. Company’s last quarter sales were recorded 10,120 M and last quarter income was 1,155 M.
