Bank Of New York Mellon Corporation (The) (NYSE:BK) has a 1 Year Target Estimate of $49.44. The stock traded with the volume of 7.36 Million in the last trading session. Bank Of New York Mellon Corporation (The) opened at $47.46 and closed by showing an increase of 0.79%. The Bid price in the last session was $47.43 x 3100 and the Ask price was $47.44 x 12100. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).
Bank Of New York Mellon Corporation (The) has the Market Capitalization of 50.14 Billion. The Stock has its 52-week High of $47.96 and 52-Week Low of $32.2 and it touched its 52-week high on Nov 15, 2016 and 52-Week Low on Feb 11, 2016.
Bank Of New York Mellon Corporation (The) reported its last Earnings on Oct 20 BMO where the company reported Actual EPS of $0.9/Share whereas, the Analyst Estimated EPS was $0.81/share. The difference between Actual EPS and Estimated EPS was $0.09/share. This represented an Earnings Surprise of 11.1%. The company will report its next earnings on Jan 19 – Jan 23 (Est.).
Some analyst provided their insight on Growth Estimates; Bank Of New York Mellon Corporation (The) has the Current Quarter Earnings Growth rate of 13.2%. The Next Quarter growth is expected to be 9.5%. In the past 5 years, the stock has earnings growth rate of 9.99% per annum while the Upcoming 5 year’s earnings growth rate is expected to be 11.2% per annum.
18 number of analysts also provided their insight on Bank Of New York Mellon Corporation (The), where the Average Price Target for the stock is $49.44. They also projected Low Price Target as $43 while High Price Target is set at $57.
A number of analysts rated the stock as well: 1 analysts believe that the stock is a STRONG BUY while 10 reported it as Buy.8 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.
Bank Of New York Mellon Corporation (The) annual Divided is 0.76 while it’s Dividend Yield is 1.6%. The stock has its Price to Earnings (P/E) ratio of 16.05 and Forward Price to Earnings ratio of 13.71. The company has its Price to Sales (P/S) ratio of 14.4 where Price to Book (P/B) ratio of 1.39, Price to Cash Per share (P/C) of 0.35 and Price to Free Cash Flow (P/FCF) has a value of 187.09.
The company has its Return on Assets (ROA) of 0.8 Percent. Return on Equity (ROE) stands at 8.9% and Return on Investment (ROI) displays a value of 3.2%.
The stock is currently trading at Distance from 20-Day simple moving Average of 3.09% whereas, Distance from 50-Day Simple moving average is 10.74 Percent and Distance from 200-Day Simple Moving Average of 18.99 percent.
A look at performance overview of Bank Of New York Mellon Corporation (The) depicts that Performance (Week) is 0.36 percent while Performance Month is 9.59%. Quarterly performance shows a value of 14.3% and Half Year Performance value stands at 13.51%. Yearly performance of the stock has the value of 9.97 percent. Bank Of New York Mellon Corporation (The) has its YTD performance of 17.15 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
Many Insiders have done trades inside the company. The latest trade was made on 9 Nov 2016 where President Peetz (Karen B) did a transaction type “Buy” in which 8964 shares were traded at a price of $44.59. Another insider trade includes President Peetz (Karen B) who also initiated a transaction in which 32580 shares were traded on 9 Nov 2016 as “Sell”. On 9 Nov 2016 President Peetz (Karen B) traded 32580 shares as “Buy” at $22.03. Director Scott (Samuel C III) Buy 67 shares on 9 Nov 2016 at the price of $44.26.
The latest Upgrades/Downgrades was done by Research firm Buckingham Research on 21-Nov-16 who Downgrade the stock from Buy to Neutral. Other firms have also Upgraded/Downgraded the stock. On 21-Oct-16, Morgan Stanley took an action “Upgrade” from Underweight to Equal-Weight. On 21-Oct-16, the stock was Upgrade to Outperform by Keefe Bruyette.