The Bank of New York Mellon Corporation [BK] stock Downgrade by Deutsche Bank analyst, price target now $45

The Bank of New York Mellon Corporation [NYSE: BK] stock went on a downward path that fall over -0.33% on Thursday, amounting to a one-week price increase of more than 0.65%. The company report on August 16, 2022 that BNY Mellon to Speak at the Barclays Global Financial Services Conference.


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Emily Portney, Chief Financial Officer, and Jim Crowley, Chief Executive Officer of BNY Mellon | Pershing, will speak at the Barclays Global Financial Services Conference, at 7:30 a.m. ET on Tuesday, September 13, 2022. The discussion may include forward-looking statements and other material information.

A live webcast of the audio portion of the conference will be available on the BNY Mellon website (www.bnymellon.com/investorrelations). An archived version of the audio portion will be available on the BNY Mellon website approximately 24 hours after the live webcast and will remain available until October 13, 2022.

Over the last 12 months, BK stock dropped by -16.57%. The one-year The Bank of New York Mellon Corporation stock forecast points to a potential upside of 8.31. The average equity rating for BK stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $35.66 billion, with 810.90 million shares outstanding and 806.72 million shares in the current float. Compared to the average trading volume of 3.80M shares, BK stock reached a trading volume of 2658164 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $48.71 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 2.60. 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.

Deutsche Bank have made an estimate for The Bank of New York Mellon Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 19, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $59 to $51.50. The new note on the price target was released on April 27, 2022, representing the official price target for The Bank of New York Mellon Corporation stock. Previously, the target price had yet another drop from $70 to $50, while Citigroup kept a Neutral rating on BK stock.

The Average True Range (ATR) for The Bank of New York Mellon Corporation is set at 0.98, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 10.62. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 227.18. Price to Free Cash Flow for BK in the course of the last twelve months was 4.03.

BK Stock Performance Analysis:

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 0.65. With this latest performance, BK shares gained by 3.55% in over the last four-week period, additionally sinking by -28.54% over the last 6 months – not to mention a drop of -16.57% 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 58.26, with the RSI for the last a single of trading hit 60.87, and the three-weeks RSI is set at 55.51 for The Bank of New York Mellon Corporation [BK]. The present Moving Average for the last 50 days of trading for this stock 42.86, while it was recorded at 44.82 for the last single week of trading, and 50.89 for the last 200 days.

Insight into The Bank of New York Mellon Corporation 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 +28.22. The Bank of New York Mellon Corporation’s Net Margin is presently recorded at +23.46.

Return on Equity for this stock inclined to 8.46, with Return on Assets sitting at 0.82.

BK Stock EPS

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 7.59%.

The Bank of New York Mellon Corporation [BK] Insider Position Details

There are presently around $30,338 million, or 85.20% 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 66,443,206 shares of the stock with an approximate value of $2.97 billion in BK stocks shares; and BLACKROCK INC., currently with $2.81 billion in BK stock with ownership of nearly 13.354% of the company’s market capitalization.

Positions in The Bank of New York Mellon Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 475 institutional holders increased their position in The Bank of New York Mellon Corporation [NYSE:BK] by around 45,422,180 shares. Additionally, 513 investors decreased positions by around 40,673,937 shares, while 224 investors held positions by with 593,223,392 shares. The mentioned changes placed institutional holdings at 679,319,509 shares, according to the latest SEC report filing. BK stock had 69 new institutional investments in for a total of 3,878,042 shares, while 146 institutional investors sold positions of 9,564,511 shares during the same period.

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