At the time of writing, Bank Of New York Mellon Corp [BK] stock is trading at $82.04, up 8.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BK shares have gain 5.23% over the last week, with a monthly amount glided 3.10%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bank Of New York Mellon Corp [NYSE: BK] stock has seen the most recent analyst activity on January 03, 2025, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Morgan Stanley upgraded its rating to Overweight on December 09, 2024, and elevated its price target to $94. On September 23, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $80 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $65 on July 15, 2024. Keefe Bruyette upgraded its rating to a Outperform and raised its price target to $70 on June 27, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on January 30, 2024, and upped its price target to $62. In a note dated December 18, 2023, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $54.50.
For the past year, the stock price of Bank Of New York Mellon Corp fluctuated between $52.64 and $82.72. Currently, Wall Street analysts expect the stock to reach $85.2 within the next 12 months. Bank Of New York Mellon Corp [NYSE: BK] shares were valued at $82.04 at the most recent close of the market. An investor can expect a potential return of 3.85% based on the average BK price forecast.
Analyzing the BK fundamentals
According to Bank Of New York Mellon Corp [NYSE:BK], the company’s sales were 39.74B for trailing twelve months, which represents an 8.95% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 80.05 points at the first support level, and at 78.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.08, and for the 2nd resistance point, it is at 84.13.
Ratios To Look Out For
It is important to note that Bank Of New York Mellon Corp [NYSE:BK] has a current ratio of 4.06. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.59 and price to earnings (TTM) ratio is 14.13.
Transactions by insiders
Recent insider trading involved McCarthy J Kevin, SEVP & General Counsel, that happened on Oct 15 ’24 when 25000.0 shares were sold. Sr. Exec. Vice President, Smits Hanneke completed a deal on Oct 15 ’24 to sell 16475.0 shares. Meanwhile, Officer McCarthy J Kevin bought 25000.0 shares on Oct 15 ’24.
