The Bank of New York Mellon Corporation [BK] is -22.11% lower this YTD. Is it still time to buy?

The Bank of New York Mellon Corporation [NYSE: BK] gained 1.32% on the last trading session, reaching $45.24 price per share at the time. The company report on November 14, 2022 that BNY Mellon to Report Fourth Quarter 2022 Results on January 13, 2023.

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BNY Mellon will report financial results for the fourth quarter 2022 on Friday, January 13, 2023. Materials will be posted to BNY Mellon’s website at approximately 6:30 a.m. ET, and management will host a conference call and simultaneous live audio webcast at 10:00 a.m. ET that same day. This conference call and audio webcast will include forward-looking statements and may include other material information.

The Bank of New York Mellon Corporation represents 811.30 million in outstanding shares, while the company has a total market value of $36.01 billion with the latest information. BK stock price has been found in the range of $44.77 to $45.815.

If compared to the average trading volume of 4.98M shares, BK reached a trading volume of 3792571 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 $48.20 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 2.40. 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.

Citigroup 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 October 04, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $54 to $45. The new note on the price target was released on May 19, 2022, representing the official price target for The Bank of New York Mellon Corporation stock. Previously, the target price had yet another drop from $59 to $51.50, while JP Morgan kept a Neutral rating on BK stock. On April 11, 2022, analysts decreased their price target for BK shares from 70 to 50.

The Average True Range (ATR) for The Bank of New York Mellon Corporation is set at 1.11, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 7.74. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 204.83. Price to Free Cash Flow for BK in the course of the last twelve months was 2.82.

Trading performance analysis for BK stock

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 3.22. With this latest performance, BK shares gained by 10.77% in over the last four-week period, additionally plugging by 2.03% over the last 6 months – not to mention a drop of -22.28% 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 66.89, with the RSI for the last a single of trading hit 72.94, and the three-weeks RSI is set at 62.47 for The Bank of New York Mellon Corporation [BK]. The present Moving Average for the last 50 days of trading for this stock 41.50, while it was recorded at 44.43 for the last single week of trading, and 45.17 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 +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.

The Bank of New York Mellon Corporation [BK]: An earnings per share (EPS) analysis

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 6.16%.

An analysis of insider ownership at The Bank of New York Mellon Corporation [BK]

There are presently around $30,801 million, or 85.60% of BK stock, in the hands of institutional investors. The top three institutional holders of BK stocks are: VANGUARD GROUP INC with ownership of 67,626,336, which is approximately 1.781% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 62,931,666 shares of the stock with an approximate value of $2.85 billion in BK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $2.81 billion in BK stock with ownership of nearly -14.023% 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 October and at the time of the October reporting period, where 472 institutional holders increased their position in The Bank of New York Mellon Corporation [NYSE:BK] by around 32,017,707 shares. Additionally, 457 investors decreased positions by around 30,438,853 shares, while 206 investors held positions by with 618,388,325 shares. The mentioned changes placed institutional holdings at 680,844,885 shares, according to the latest SEC report filing. BK stock had 80 new institutional investments in for a total of 9,845,106 shares, while 91 institutional investors sold positions of 1,448,137 shares during the same period.


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