Bank Of New York Mellon Corp (NYSE:BK) has a beta value of 1.07 and has seen 1.62 million shares traded in the recent trading session. The company, currently valued at $64.11B, closed the recent trade at $4080000.0 per share which meant it gained $4079908.38 on the day or 1619736% during that session. The BK stock price is 100.0% off its 52-week high price of $92.64 and 100.0% above the 52-week low of $58.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.58 million shares traded. The 3-month trading volume is 4.08 million shares.
The consensus among analysts is that Bank Of New York Mellon Corp (BK) is Buy stock at the moment, with a recommendation rating of 1.82. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.75.
Bank Of New York Mellon Corp (NYSE:BK) trade information
Over the past 30 days, the shares of Bank Of New York Mellon Corp (NYSE:BK) have changed 0.80%. Short interest in the company has seen 8.16 million shares shorted with days to cover at 1.99.
Wall Street analysts have a consensus price target for the stock at $86, which means that the shares’ value could drop -4744086.05% from the levels at last check today.. The projected low price target is $79.0 while the price target rests at a high of $93.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Bank Of New York Mellon Corp (BK) estimates and forecasts
The company’s shares have gained 14.23% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 3.16%.
8 analysts offering their estimates for the company have set an average revenue estimate of 4.81B for the current quarter. 8 have an estimated revenue figure of 4.78B for the next ending quarter. Year-ago sales stood 4.6B and 4.65B respectively for this quarter and the next, and analysts expect sales will grow by 4.53% for the current quarter and 3.16% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.14% over the past 5 years. Earnings growth for 2025 is a modest 16.83% while over the next 5 years, the company’s earnings are expected to increase by 12.85%.
BK Dividends
Bank Of New York Mellon Corp is expected to release its next earnings report on 2025-Apr-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.88 at a share yield of 2.10%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.87%.
Bank Of New York Mellon Corp (NYSE:BK)’s Major holders
Insiders own 0.17% of the company shares, while shares held by institutions stand at 89.10% with a share float percentage of 89.25%. Investors are also buoyed by the number of investors in a company, with Bank Of New York Mellon Corp having a total of 1970.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 72.58 million shares worth more than $4.35 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.717% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 63.91 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.83 billion and represent 8.557% of shares outstanding.
