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The closing price of Bank Of New York Mellon Corp (NYSE: BK) was $58.44 for the day, up 0.15% from the previous closing price of $58.35. In other words, the price has increased by $0.15 from its previous closing price. On the day, 3.26 million shares were traded. BK stock price reached its highest trading level at $58.74 during the session, while it also had its lowest trading level at $58.33.
Ratios:
Our analysis of BK’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 0.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on January 30, 2024, Upgraded its rating to Equal-Weight and sets its target price to $62 from $52 previously.
On December 18, 2023, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $54.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 08 ’24 when Santhanakrishnan Senthilkumar sold 15,643 shares for $57.65 per share. The transaction valued at 901,772 led to the insider holds 144,721 shares of the business.
Kurimsky Kurtis R. sold 6,215 shares of BK for $360,043 on May 07 ’24. The Corporate Controller now owns 24,346 shares after completing the transaction at $57.93 per share. On Apr 19 ’24, another insider, McCarthy J Kevin, who serves as the SEVP & General Counsel of the company, sold 40,000 shares for $56.15 each. As a result, the insider received 2,245,868 and left with 100,404 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BK now has a Market Capitalization of 43702366208 and an Enterprise Value of -56720642048. As of this moment, Bank’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.22, and their Forward P/E ratio for the next fiscal year is 9.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at -3.242.
Stock Price History:
The Beta on a monthly basis for BK is 1.07, which has changed by 0.4358722 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, BK has reached a high of $58.52, while it has fallen to a 52-week low of $39.65. The 50-Day Moving Average of the stock is 3.81%, while the 200-Day Moving Average is calculated to be 16.95%.
Shares Statistics:
BK traded an average of 3.62M shares per day over the past three months and 3083610 shares per day over the past ten days. A total of 759.34M shares are outstanding, with a floating share count of 745.68M. Insiders hold about 0.28% of the company’s shares, while institutions hold 87.87% stake in the company. Shares short for BK as of 1714435200 were 8560408 with a Short Ratio of 2.36, compared to 1711584000 on 7069930. Therefore, it implies a Short% of Shares Outstanding of 8560408 and a Short% of Float of 1.15.
Dividends & Splits
With its trailing 12-month dividend rate of 1.63, BK has a forward annual dividend rate of 1.68. Against a Trailing Annual Dividend Yield of 0.027934877The stock’s 5-year Average Dividend Yield is 2.96. The current Payout Ratio is 40.80% for BK, which recently paid a dividend on 2024-04-25 with an ex-dividend date of 1714003200. Stock splits for the company last occurred on 2007-07-02 when the company split stock in a 9434:10000 ratio.
Earnings Estimates
The stock of Bank Of New York Mellon Corp (BK) is currently in the spotlight, with 15.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $1.41 for the current quarter, with a high estimate of $1.49 and a low estimate of $1.33, while EPS last year was $1.38. The consensus estimate for the next quarter is $1.37, with high estimates of $1.42 and low estimates of $1.32.
Analysts are recommending an EPS of between $5.7 and $5.35 for the fiscal current year, implying an average EPS of $5.48. EPS for the following year is $6.07, with 16.0 analysts recommending between $6.31 and $5.8.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $4.58B to a low estimate of $4.41B. As of the current estimate, Bank Of New York Mellon Corp’s year-ago sales were $4.45BFor the next quarter, 13 analysts are estimating revenue of $4.48B. There is a high estimate of $4.55B for the next quarter, whereas the lowest estimate is $4.39B.
A total of 14 analysts have provided revenue estimates for BK’s current fiscal year. The highest revenue estimate was $18.2B, while the lowest revenue estimate was $17.73B, resulting in an average revenue estimate of $18.01B. In the same quarter a year ago, actual revenue was $17.5BBased on 14 analysts’ estimates, the company’s revenue will be $18.4B in the next fiscal year. The high estimate is $18.75B and the low estimate is $17.85B.
