The stock of The Bank of New York Mellon Corporation (BK) has seen a 3.71% increase in the past week, with a -6.18% drop in the past month, and a -17.98% decrease in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 2.18% for BK. The simple moving average for the last 20 days is -0.12% for BK stock, with a simple moving average of -7.70% for the last 200 days.
Is It Worth Investing in The Bank of New York Mellon Corporation (NYSE: BK) Right Now?
The price-to-earnings ratio for The Bank of New York Mellon Corporation (NYSE: BK) is 13.01x, which is above its average ratio. Moreover, the 36-month beta value for BK is 1.06. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The average price recommended by analysts for The Bank of New York Mellon Corporation (BK) is $52.91, which is $12.06 above the current market price. The public float for BK is 787.08M and currently, short sellers hold a 0.68% of that float. On May 24, 2023, BK’s average trading volume was 5.71M shares.
BK) stock’s latest price update
The Bank of New York Mellon Corporation (NYSE: BK)’s stock price has decreased by -0.27 compared to its previous closing price of 41.25. However, the company has seen a 3.71% increase in its stock price over the last five trading sessions. Barron’s reported on 04/18/23 that BNY Mellon Gains From Higher Rates as Profit Inches Past Forecasts
BK Trading at -4.86% from the 50-Day Moving Average
After a stumble in the market that brought BK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.28% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -3.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.75% lower at present.
During the last 5 trading sessions, BK rose by +3.71%, which changed the moving average for the period of 200-days by -5.43% in comparison to the 20-day moving average, which settled at $41.12. In addition, The Bank of New York Mellon Corporation saw -9.62% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BK starting from Smits Hanneke, who sale 16,960 shares at the price of $42.29 back on Nov 09. After this action, Smits Hanneke now owns 82,256 shares of The Bank of New York Mellon Corporation, valued at $717,238 using the latest closing price.
McCarthy J Kevin, the SEVP & General Counsel of The Bank of New York Mellon Corporation, sale 20,000 shares at $39.37 during a trade that took place back on Oct 19, which means that McCarthy J Kevin is holding 108,686 shares at $787,314 based on the most recent closing price.
Stock Fundamentals for BK
Current profitability levels for the company are sitting at:
- +19.79 for the present operating margin
The net margin for The Bank of New York Mellon Corporation stands at +12.91. The total capital return value is set at 3.63, while invested capital returns managed to touch 3.81. Equity return is now at value 7.20, with 0.60 for asset returns.
Based on The Bank of New York Mellon Corporation (BK), the company’s capital structure generated 166.84 points at debt to equity in total, while total debt to capital is 62.52. Total debt to assets is 16.75, with long-term debt to equity ratio resting at 73.24. Finally, the long-term debt to capital ratio is 24.19.
When we switch over and look at the enterprise to sales, we see a ratio of 0.17, with the company’s debt to enterprise value settled at 5.10. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To wrap up, the performance of The Bank of New York Mellon Corporation (BK) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
