Bank Of New York Mellon Corp [NYSE: BK] surged by $0.22 during the normal trading session on while it closed the day at $82.64.
Bank Of New York Mellon Corp stock has also gained 1.96% of its value over the past 7 days. However, BK stock has inclined by 3.86% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.29% and gained 7.56% year-on date.
The market cap for BK stock reached $59.33 billion, with 717.68 million shares outstanding and 715.78 million shares in the current float. Compared to the average trading volume of 4.34M shares, BK reached a trading volume of 4476660 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $94.21 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.
Wolfe Research have made an estimate for Bank Of New York Mellon Corp shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on January 03, 2025. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $82 to $94. The new note on the price target was released on December 09, 2024, representing the official price target for Bank Of New York Mellon Corp stock. Previously, the target price had yet another raise from $66 to $80, while Deutsche Bank kept a Buy rating on BK stock.
The Average True Range (ATR) for Bank Of New York Mellon Corp is set at 2.09, with the Price to Sales ratio for BK stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 1.60.
BK stock trade performance evaluation
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 1.96. With this latest performance, BK shares dropped by -5.92% in over the last four-week period, additionally plugging by 20.29% over the last 6 months – not to mention a rise of 51.77% 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 44.50, with the RSI for the last a single of trading hit 43.59, and the three-weeks RSI is set at 46.49 for Bank Of New York Mellon Corp [BK]. The present Moving Average for the last 50 days of trading for this stock 84.15, while it was recorded at 81.45 for the last single week of trading, and 73.41 for the last 200 days.
Bank Of New York Mellon Corp [BK]: An insightful look at the core fundamentals
Bank Of New York Mellon Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for Bank Of New York Mellon Corp [BK] stock
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 13.67%.
Bank Of New York Mellon Corp [BK]: Institutional Ownership
There are presently around $88.75%, or 88.89%% 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 7.3332%.
