In the past week, BK stock has gone up by 3.37%, with a monthly gain of 11.87% and a quarterly surge of 7.86%. The volatility ratio for the week is 1.41%, and the volatility levels for the last 30 days are 1.76% for Bank Of New York Mellon Corp The simple moving average for the last 20 days is 7.50% for BK’s stock, with a simple moving average of 5.93% for the last 200 days.
Is It Worth Investing in Bank Of New York Mellon Corp (NYSE: BK) Right Now?
The price-to-earnings ratio for Bank Of New York Mellon Corp (NYSE: BK) is above average at 11.05x. The 36-month beta value for BK is also noteworthy at 1.08. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The average price estimated by analysts for BK is $52.50, which is $5.3 above than the current price. The public float for BK is 767.20M, and at present, short sellers hold a 1.00% of that float. The average trading volume of BK on November 20, 2023 was 4.59M shares.
BK) stock’s latest price update
The stock price of Bank Of New York Mellon Corp (NYSE: BK) has jumped by 1.55 compared to previous close of 46.48. Despite this, the company has seen a gain of 3.37% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-16 that The Bank of New York Mellon Corporation (BK) reported earnings 30 days ago. What’s next for the stock?
Analysts’ Opinion of BK
Many brokerage firms have already submitted their reports for BK stocks, with BofA Securities repeating the rating for BK by listing it as a “Buy.” The predicted price for BK in the upcoming period, according to BofA Securities is $56 based on the research report published on January 12, 2023 of the current year 2023.
BK Trading at 8.83% 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 -9.68% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +13.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.40% upper at present.
During the last 5 trading sessions, BK rose by +3.37%, which changed the moving average for the period of 200-days by -5.92% in comparison to the 20-day moving average, which settled at $44.19. In addition, Bank Of New York Mellon Corp saw 3.69% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BK starting from Kurimsky Kurtis R., who sale 14,045 shares at the price of $45.64 back on Aug 04. After this action, Kurimsky Kurtis R. now owns 23,816 shares of Bank Of New York Mellon Corp, valued at $641,031 using the latest closing price.
McCarthy J Kevin, the SEVP & General Counsel of Bank Of New York Mellon Corp, sale 35,000 shares at $46.33 during a trade that took place back on Jul 19, which means that McCarthy J Kevin is holding 98,102 shares at $1,621,410 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 Bank Of New York Mellon Corp 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 8.98, with 0.87 for asset returns.
Based on Bank Of New York Mellon Corp (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 0.25, 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.
In summary, Bank Of New York Mellon Corp (BK) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.