Bank Of New York Mellon Corp [BK] Is Currently 1.13 below its 200 Period Moving Avg: What Does This Mean?

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Bank Of New York Mellon Corp [NYSE: BK] jumped around 0.67 points on Tuesday, while shares priced at $60.21 at the close of the session, up 1.13%.

Compared to the average trading volume of 3.40M shares, BK reached a trading volume of 3702188 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Bank Of New York Mellon Corp [BK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BK shares is $66.10 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 1.84. 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.

Keefe Bruyette have made an estimate for Bank Of New York Mellon Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $52 to $62. The new note on the price target was released on January 30, 2024, representing the official price target for Bank Of New York Mellon Corp stock. Previously, the target price had yet another raise to $54.50, while JP Morgan analysts kept a Overweight rating on BK stock.

The Average True Range (ATR) for Bank Of New York Mellon Corp is set at 0.90, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 1.24. Price to Free Cash Flow for BK in the course of the last twelve months was 247.40.

How has BK stock performed recently?

Bank Of New York Mellon Corp [BK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.17. With this latest performance, BK shares gained by 0.50% in over the last four-week period, additionally plugging by 14.93% over the last 6 months – not to mention a rise of 35.67% 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 57.96, with the RSI for the last a single of trading hit 59.31, and the three-weeks RSI is set at 57.25 for Bank Of New York Mellon Corp [BK]. The present Moving Average for the last 50 days of trading for this stock 58.72, while it was recorded at 60.12 for the last single week of trading, and 52.82 for the last 200 days.

Bank Of New York Mellon Corp [BK]: Deeper insight into the fundamentals

Bank Of New York Mellon Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.81.

Earnings analysis for Bank Of New York Mellon Corp [BK]

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 Bank Of New York Mellon Corp go to 11.53%.

Insider trade positions for Bank Of New York Mellon Corp [BK]

The top three institutional holders of BK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BK stock with ownership which is approximately 5.1238%.