Bank Of New York Mellon Corp [NYSE: BK] stock went on a downward path that fall over -0.15% on Wednesday, amounting to a one-week price increase of more than 1.76%.
Over the last 12 months, BK stock rose by 49.09%. The one-year Bank Of New York Mellon Corp stock forecast points to a potential upside of 8.46. The average equity rating for BK stock is currently 1.89, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $48.14 billion, with 759.34 million shares outstanding and 734.74 million shares in the current float. Compared to the average trading volume of 3.96M shares, BK stock reached a trading volume of 2830898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $71.27 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 1.89. 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 Bank Of New York Mellon Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 15, 2024. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price from $60 to $70. The new note on the price target was released on June 27, 2024, representing the official price target for Bank Of New York Mellon Corp stock. Previously, the target price had yet another raise from $52 to $62, while Morgan Stanley kept a Equal-Weight rating on BK stock.
The Average True Range (ATR) for Bank Of New York Mellon Corp is set at 1.11, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 1.32. Price to Free Cash Flow for BK in the course of the last twelve months was 42.42.
BK Stock Performance Analysis:
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 1.76. With this latest performance, BK shares gained by 2.53% in over the last four-week period, additionally plugging by 18.36% over the last 6 months – not to mention a rise of 49.09% 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 59.60, with the RSI for the last a single of trading hit 60.85, and the three-weeks RSI is set at 59.19 for Bank Of New York Mellon Corp [BK]. The present Moving Average for the last 50 days of trading for this stock 62.15, while it was recorded at 65.38 for the last single week of trading, and 56.19 for the last 200 days.
Insight into Bank Of New York Mellon Corp Fundamentals:
Bank Of New York Mellon Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.92.
BK Stock EPS
With the latest financial reports released by the company, Bank Of New York Mellon Corp posted 1.27/share EPS, while the average EPS was predicted by analysts to be reported at 1.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. 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 13.86%.
Bank Of New York Mellon Corp [BK] Institutonal Ownership Details
There are presently around $87.27%, or 87.40%% of BK stock, in the hands of institutional investors. The top three institutional holders of BK stocks are: VANGUARD GROUP INC with ownership of 72.58 million shares, which is approximately 9.5882%. BLACKROCK INC., holding 63.91 million shares of the stock with an approximate value of $$3.83 billion in BK stocks shares; and BLACKROCK INC., currently with $$3.28 billion in BK stock with ownership which is approximately 7.236%.
