In today’s recent session, 0.97 million shares of the Bank Of New York Mellon Corp (NYSE:BK) have been traded, and its beta is 1.07. Most recently the company’s share price was $91.03, and it changed around $1.26 or 1.40% from the last close, which brings the market valuation of the company to $65.13B. BK at last check was trading at a discount to its 52-week high of $90.62, offering almost 0.45% off that amount. The share price’s 52-week low was $57.79, which indicates that the recent value has risen by an impressive 36.52% since then. We note from Bank Of New York Mellon Corp’s average daily trading volume that its 10-day average is 3.19 million shares, with the 3-month average coming to 4.02 million.
Bank Of New York Mellon Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 6 recommended BK as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight.
Bank Of New York Mellon Corp (NYSE:BK) trade information
Instantly BK has been showing a green trend so far today with a performance of 1.40% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 91.46 on recent trading dayincreased the stock’s daily price by 0.47%. The company’s shares are currently up 18.48% year-to-date, but still up 1.64% over the last five days. On the other hand, Bank Of New York Mellon Corp (NYSE:BK) is 0.77% up in the 30-day period. We can see from the shorts that 8.16 million shares have been sold at a short interest cover period of 1.99 day(s).
The consensus price target as assigned by Wall Street analysts is $86, which translates to bulls needing to decrease their stock price by -5.85% from its current value. Analyst projections state that BK is forecast to be at a low of $79 and a high of $93.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.14%. Bank Of New York Mellon Corp earnings are expected to increase by 16.84% in 2025, but the outlook is positive 12.85% per year for the next five years.
BK Dividends
Bank Of New York Mellon Corp’s next quarterly earnings report is expected to be released on 2025-Apr-11. The annual dividend yield of the stock is 2.07 percent and its annual dividend per share was 1.88. It is important to note, however, that the 2.07% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.87 per year.
Bank Of New York Mellon Corp (NYSE:BK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.17% of Bank Of New York Mellon Corp shares, and 89.09% of them are in the hands of institutional investors. The stock currently has a share float of 89.25%. Bank Of New York Mellon Corp stock is held by 1971.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.717% of the shares, which is about 72.58 million shares worth $4.35 billion.
BLACKROCK INC., with 8.557% or 63.91 million shares worth $3.83 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
