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After finishing at $65.02 in the prior trading day, Bank Of New York Mellon Corp (NYSE: BK) closed at $64.09, down -1.43%. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 7.34 million shares were traded. BK stock price reached its highest trading level at $65.655 during the session, while it also had its lowest trading level at $63.91.
Ratios:
Our goal is to gain a better understanding of BK by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 0.76.
On June 27, 2024, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $60 to $70.
Morgan Stanley Upgraded its Underweight to Equal-Weight on January 30, 2024, whereas the target price for the stock was revised from $52 to $62.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 47981936640 and an Enterprise Value of -55555334144. As of this moment, Bank’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.82, and their Forward P/E ratio for the next fiscal year is 10.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at -3.158.
Stock Price History:
Over the past 52 weeks, BK has reached a high of $65.90, while it has fallen to a 52-week low of $39.66. The 50-Day Moving Average of the stock is 7.92%, while the 200-Day Moving Average is calculated to be 20.14%.
Shares Statistics:
The stock has traded on average 3.45M shares per day over the past 3-months and 4713960 shares per day over the last 10 days, according to various share statistics. 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 85.69% stake in the company. Shares short for BK as of 1719532800 were 6905417 with a Short Ratio of 2.00, compared to 1717113600 on 9368637. Therefore, it implies a Short% of Shares Outstanding of 6905417 and a Short% of Float of 0.9199999999999999.
Dividends & Splits
In the trailing 12 months, BK’s forward annual dividend rate was 1.68, compared to 1.68 this year. Against a Trailing Annual Dividend Yield of 0.025838204The stock’s 5-year Average Dividend Yield is 2.97.
