How Should Investors View The Bank of New York Mellon Corporation (BK) Insider Trading?

As of Friday close, The Bank of New York Mellon Corporation’s (NYSE:BK) stock was up $0.44, moving up 1.02 percent to $43.50. The average number of shares traded per day over the past five days has been 2,352,000 shares. 3 times new highs have been achieved over the past 5 days, with a $0.04 gain in that time frame. In the last twenty days, the average volume was 3,073,425, while in the previous 50 days, it was 3,880,088.

Since last month, BK stock rose 2.86%. Shares of the company fell to $39.78 on 07/14/22, the lowest level in the past month. A 52-week high of $64.63 was reached on 02/10/22 after having rallying from a 52-week low of $39.78. Since the beginning of this year, BK’s stock price has dropped by -25.10% or -$14.58, and marked a new high 8 times. However, the stock has declined by -32.69% since its 52-week high.

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The Bank of New York Mellon Corporation (BK) last reported insider trading activity 88 days ago on May 10. Engle Bridget E., the Sr. Exec. Vice President of the company, disposed of 44,135 shares for $42.82 on May 10. It resulted in a $1,889,772 divestment by the insider.

Valuation Metrics

Right now, The Bank of New York Mellon Corporation (BK) has a P/E ratio of about 11.07. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 10.33, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 69.79 may also be considered.

The latest dividend of $0.37 per share was paid out, which is 8.82% more than last year’s $0.34. On Friday July 15 2022, a $0.03 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.69, and the total debt-to-equity ratio was 0.69. In the year ended June 29, operating margins totaled 84.80%. Based on annual data, BK earned $2.62 billion in gross profit and brought in $2.85 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.00%. Return on equity (ROE) for the past 12 months was 9.20%.

In The Bank of New York Mellon Corporation’s quarter-end financial report for June 29, it reported total debt of $25.25 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected The Bank of New York Mellon Corporation to report $1.12 quarterly earnings, the actual figure was $1.03 per share, beating the consensus estimate by -8.00%.

Technical Picture

This quick technical analysis looks at The Bank of New York Mellon Corporation’s (BK) price momentum. With a historical volatility rate of 21.11%, the RSI 9-day stood at 55.56% on 05 August.

With respect to its five-day moving average, the current The Bank of New York Mellon Corporation price is up by +0.09% percent or $0.04. At present, BK shares trade +3.84% above its 20-day simple moving average and -13.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.89% below its SMA50 and -24.54% below its SMA200.

Stochastic coefficient K was 67.46% and Stochastic coefficient D was 68.56%, while ATR was 1.01. Given the Stochastic reading of 78.79% for the 14-day period, the RSI (14) reading has been calculated as 53.58%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at 0.29.

Analyst Ratings

The Bank of New York Mellon Corporation downgraded its rating on The Bank of New York Mellon Corporation (NYSE: BK) to a Hold in a note to investors on May 19, 2022. The analysts firm previously had a Buy rating on the stock.The Bank of New York Mellon Corporation (BK) has been rated Overweight by analysts. According to 0 brokerage firms, BK is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate The Bank of New York Mellon Corporation stock as buy, with 5 recommending it as overweight.

With a median target price of $46.75, the current consensus forecast for the stock is $42.00 – $61.00. Based on these forecasts, analysts predict The Bank of New York Mellon Corporation (BK) will achieve an average price target of $48.28.


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