In the past week, BK stock has gone up by 0.26%, with a monthly gain of 1.30% and a quarterly surge of 4.49%. The volatility ratio for the week is 1.38%, and the volatility levels for the last 30 days are 1.86% for Bank Of New York Mellon Corp The simple moving average for the past 20 days is 2.07% for BK’s stock, with a 15.61% simple moving average for the past 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 13.99x, which is above its average ratio. Moreover, the 36-month beta value for BK is 1.07. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for BK is 745.68M and currently, short sellers hold a 0.89% of that float. On May 07, 2024, BK’s average trading volume was 3.64M shares.
BK) stock’s latest price update
Bank Of New York Mellon Corp (NYSE: BK)’s stock price has plunge by 0.84relation to previous closing price of 57.00. Nevertheless, the company has seen a 0.26% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Here is how The Bank of New York Mellon Corporation (BK) and Brown & Brown (BRO) have performed compared to their sector so far this year.
Analysts’ Opinion of BK
Many brokerage firms have already submitted their reports for BK stocks, with Morgan Stanley repeating the rating for BK by listing it as a “Equal-Weight.” The predicted price for BK in the upcoming period, according to Morgan Stanley is $62 based on the research report published on January 30, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see BK reach a price target of $54.50. The rating they have provided for BK stocks is “Overweight” according to the report published on December 18th, 2023.
BofA Securities gave a rating of “Buy” to BK, setting the target price at $56 in the report published on January 12th of the previous year.
BK Trading at 2.42% 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 -1.36% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.38%, as shares surge +0.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.31% upper at present.
During the last 5 trading sessions, BK rose by +0.26%, which changed the moving average for the period of 200-days by +25.97% in comparison to the 20-day moving average, which settled at $56.34. In addition, Bank Of New York Mellon Corp saw 10.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BK starting from McCarthy J Kevin, who sale 40,000 shares at the price of $56.15 back on Apr 19 ’24. After this action, McCarthy J Kevin now owns 100,404 shares of Bank Of New York Mellon Corp, valued at $2,245,868 using the latest closing price.
Keating Catherine, the Sr. Exec. Vice President of Bank Of New York Mellon Corp, sale 54,070 shares at $54.88 during a trade that took place back on Apr 18 ’24, which means that Keating Catherine is holding 78,350 shares at $2,967,362 based on the most recent closing price.
Stock Fundamentals for BK
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 1.0 for the gross margin
The net margin for Bank Of New York Mellon Corp stands at 0.13. The total capital return value is set at 0.01. Equity return is now at value 8.45, with 0.80 for asset returns.
Based on Bank Of New York Mellon Corp (BK), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.66. The interest coverage ratio of the stock is 0.43.
Currently, EBITDA for the company is 55.0 million with net debt to EBITDA at 12.52. When we switch over and look at the enterprise to sales, we see a ratio of 2.74. The receivables turnover for the company is 1.08for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
To wrap up, the performance of Bank Of New York Mellon Corp (BK) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
