The Bank of New York Mellon Corporation [NYSE: BK] gained 0.03% or 0.01 points to close at $38.73 with a heavy trading volume of 4841900 shares. It opened the trading session at $38.74, the shares rose to $39.37 and dropped to $38.32, the range by which the price of stock traded the whole day. The daily chart for BK points out that the company has recorded -22.79% loss over the past six months. However, it is still -46.7% lower than its most recent low trading price.
If we look at the average trading volume of 6.31M shares, BK reached to a volume of 4841900 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about The Bank of New York Mellon Corporation [BK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BK shares is $43.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BK stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for The Bank of New York Mellon Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 09, 2020. The new note on the price target was released on April 07, 2020, representing the official price target for The Bank of New York Mellon Corporation stock. On March 24, 2020, analysts decreased their price target for BK shares from 49 to 39.
The Average True Range (ATR) for The Bank of New York Mellon Corporation is set at 1.52, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 4.67. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 247.71.
Trading performance analysis for BK stock
The Bank of New York Mellon Corporation [BK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.05. With this latest performance, BK shares gained by 14.82% in over the last four-week period, additionally sinking by -22.79% over the last 6 months – not to mention a drop of -10.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BK stock in for the last two-week period is set at 53.67, with the RSI for the last a single of trading hit 51.70, and the three-weeks RSI is set at 53.89 for The Bank of New York Mellon Corporation [BK]. The present Moving Average for the last 50 days of trading for this stock 36.55, while it was recorded at 38.40 for the last single week of trading, and 42.65 for the last 200 days.
The Bank of New York Mellon Corporation [BK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and The Bank of New York Mellon Corporation [BK] shares currently have an operating margin of +26.46. The Bank of New York Mellon Corporation’s Net Margin is presently recorded at +21.25.
Return on Total Capital for BK is now 5.13, given the latest momentum, and Return on Invested Capital for the company is 6.31. Return on Equity for this stock inclined to 10.77, with Return on Assets sitting at 1.19. When it comes to the capital structure of this company, The Bank of New York Mellon Corporation [BK] has a Total Debt to Total Equity ratio set at 154.26. Additionally, BK Total Debt to Total Capital is recorded at 60.67, with Total Debt to Total Assets ending up at 16.77. Long-Term Debt to Equity for the company is recorded at 76.41, with the Long-Term Debt to Total Capital now at 27.48.
Reflecting on the efficiency of the workforce at the company, The Bank of New York Mellon Corporation [BK] managed to generate an average of $91,384 per employee.
The Bank of New York Mellon Corporation [BK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, The Bank of New York Mellon Corporation posted 1.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.95/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Bank of New York Mellon Corporation go to -0.18%.
An analysis of insider ownership at The Bank of New York Mellon Corporation [BK]
There are presently around $28,455 million, or 84.80% of BK stock, in the hands of institutional investors. The top three institutional holders of BK stocks are: BERKSHIRE HATHAWAY INC with ownership of 79,765,057, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 64,883,860 shares of the stock with an approximate value of $2.51 billion in BK stocks shares; and BLACKROCK INC., currently with $2.04 billion in BK stock with ownership of nearly -0.256% of the company’s market capitalization.
358 institutional holders increased their position in The Bank of New York Mellon Corporation [NYSE:BK] by around 53,227,291 shares. Additionally, 616 investors decreased positions by around 67,142,197 shares, while 163 investors held positions by with 614,511,354 shares. The mentioned changes placed institutional holdings at 734,880,842 shares, according to the latest SEC report filing. BK stock had 78 new institutional investments in for a total of 6,973,560 shares, while 224 institutional investors sold positions of 10,370,446 shares during the same period.