The Bank of New York Mellon Corporation [BK] moved up 0.38: Why It’s Important

The Bank of New York Mellon Corporation [NYSE: BK] closed the trading session at $47.47 on 04/01/21. The day’s price range saw the stock hit a low of $46.85, while the highest price level was $47.5184. The company report on March 30, 2021 that BNY Mellon Wealth Management Appoints John Ippolito as Regional President of Tri-State Region.

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BNY Mellon Wealth Management has appointed John Ippolito as Regional President of the Tri-State region. John will join the Wealth Management leadership team and will report to Catherine Keating, the CEO of Wealth Management. He will be responsible for oversight of the New York Tri-State region including offices in New York, New Jersey and Connecticut.

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John joins after 26 years at Northern Trust, where most recently he headed a greater New York team. Prior to that, he was the regional president of the San Diego office for nearly a decade, and prior to that was a portfolio manager.

The stocks have a year to date performance of 11.85 percent and weekly performance of 2.46 percent. The stock has been moved at 38.24 percent over the last six months. The stock has performed 6.60 percent around the most recent 30 days and changed 13.86 percent over the most recent 3-months.

If compared to the average trading volume of 6.10M shares, BK reached to a volume of 3966929 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $50.19 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 2.20. 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.

BofA Securities have made an estimate for The Bank of New York Mellon Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 24, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $44 to $57. The new note on the price target was released on January 11, 2021, representing the official price target for The Bank of New York Mellon Corporation stock. Previously, the target price had yet another raise to $51, while Morgan Stanley analysts kept a Equal-Weight rating on BK stock. On November 20, 2020, analysts decreased their price target for BK shares from 42 to 39.

The Average True Range (ATR) for The Bank of New York Mellon Corporation is set at 1.15, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 10.09. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 242.68. Price to Free Cash Flow for BK in the course of the last twelve months was 15.37.

BK stock trade performance evaluation

The Bank of New York Mellon Corporation [BK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.46. With this latest performance, BK shares gained by 6.60% in over the last four-week period, additionally plugging by 38.24% over the last 6 months – not to mention a rise of 45.17% 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 61.96, with the RSI for the last a single of trading hit 62.79, and the three-weeks RSI is set at 60.95 for The Bank of New York Mellon Corporation [BK]. The present Moving Average for the last 50 days of trading for this stock 43.86, while it was recorded at 47.53 for the last single week of trading, and 39.50 for the last 200 days.

The Bank of New York Mellon Corporation [BK]: An insightful look at the core fundamentals

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 +25.62. The Bank of New York Mellon Corporation’s Net Margin is presently recorded at +21.52.

Return on Total Capital for BK is now 3.98, given the latest momentum, and Return on Invested Capital for the company is 5.35. Return on Equity for this stock inclined to 8.27, with Return on Assets sitting at 0.85. 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 140.59. Additionally, BK Total Debt to Total Capital is recorded at 58.44, with Total Debt to Total Assets ending up at 13.71. Long-Term Debt to Equity for the company is recorded at 55.27, with the Long-Term Debt to Total Capital now at 20.70.

Reflecting on the efficiency of the workforce at the company, The Bank of New York Mellon Corporation [BK] managed to generate an average of $74,454 per employee.

Earnings per share (EPS) analysis for The Bank of New York Mellon Corporation [BK] stock

With the latest financial reports released by the company, The Bank of New York Mellon Corporation posted 1.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. 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 12.85%.

The Bank of New York Mellon Corporation [BK]: Insider Ownership positions

There are presently around $35,080 million, or 86.20% of BK stock, in the hands of institutional investors. The top three institutional holders of BK stocks are: BERKSHIRE HATHAWAY INC with ownership of 72,357,453, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 64,062,939 shares of the stock with an approximate value of $3.04 billion in BK stocks shares; and DODGE & COX, currently with $2.91 billion in BK stock with ownership of nearly -1.08% of the company’s market capitalization.

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Positions in The Bank of New York Mellon Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 487 institutional holders increased their position in The Bank of New York Mellon Corporation [NYSE:BK] by around 54,359,069 shares. Additionally, 422 investors decreased positions by around 54,877,223 shares, while 164 investors held positions by with 629,756,451 shares. The mentioned changes placed institutional holdings at 738,992,743 shares, according to the latest SEC report filing. BK stock had 170 new institutional investments in for a total of 5,621,060 shares, while 71 institutional investors sold positions of 3,041,618 shares during the same period.

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