Bank Of New York Mellon Corp [NYSE: BK] gained 1.05% on the last trading session, reaching $73.20 price per share at the time.
If compared to the average trading volume of 4.14M shares, BK reached a trading volume of 3787954 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $77.43 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 1.94. 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 Bank Of New York Mellon Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 23, 2024. The new note on the price target was released on July 15, 2024, representing the official price target for Bank Of New York Mellon Corp stock. Previously, the target price had yet another raise from $60 to $70, while Keefe Bruyette kept a Outperform rating on BK stock. On January 30, 2024, analysts increased their price target for BK shares from 52 to 62.
The Average True Range (ATR) for Bank Of New York Mellon Corp is set at 1.06, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 1.44. The Price to Book ratio for the last quarter was 1.48. Price to Free Cash Flow for BK in the course of the last twelve months was 47.59.
Trading performance analysis for BK stock
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 2.94. With this latest performance, BK shares gained by 8.09% in over the last four-week period, additionally plugging by 27.97% over the last 6 months – not to mention a rise of 73.67% 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 71.44, with the RSI for the last a single of trading hit 73.96, and the three-weeks RSI is set at 69.58 for Bank Of New York Mellon Corp [BK]. The present Moving Average for the last 50 days of trading for this stock 67.71, while it was recorded at 71.88 for the last single week of trading, and 59.77 for the last 200 days.
Bank Of New York Mellon Corp [BK]: A deeper dive into fundamental analysis
Bank Of New York Mellon Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.92.
Bank Of New York Mellon Corp [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 Bank Of New York Mellon Corp go to 12.96%.
An analysis of Institutional ownership at Bank Of New York Mellon Corp [BK]
There are presently around $87.26%, or 87.42%% 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%.
