The Bank of New York Mellon Corporation (BK): What Does Valuation Ratios Tell Us?

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The Bank of New York Mellon Corporation (NYSE:BK) saw an upside of 0.20% to close Monday at $49.34 after adding $0.1 on the day. The 5-day average trading volume is 8,318,300 shares of the company’s common stock. It has gained $50.09 in the past week and touched a new high 1 time within the past 5 days. An average of 5,783,270 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,018,672.

BK’s 1-month performance is 11.40% or $4.69 on its low of $44.51 reached on 12/27/22. The company’s shares have touched a 52-week low of $36.22 and high of $64.63, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, BK has achieved 8.39% or $3.82 and has reached a new high 7 times. However, the current price is down -23.66% from the 52-week high price.


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Insider Transactions

BK stock investors last saw insider trading activity on Nov 09.Smits Hanneke (Sr. Exec. Vice President) most recently sold 16,960 shares at $42.29 per share on Nov 09. This transaction cost the insider $717,238. SEVP & General Counsel, McCarthy J Kevin, sold 20,000 shares at a price of $39.37 on Oct 19. Then, on Aug 08, Chief Executive Officer GIBBONS THOMAS P sold 134,000 shares at a price of $43.24 per share. This transaction amounted to $5,794,240.

Valuation Metrics

BK stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.57 while the price-to-book (PB) in the most recent quarter is 1.15, with the price to cash flow ratio at 4.48.

As well, the company’s long term debt to equity for the quarter ending December 30 was 0.81, while the total debt to equity was 0.81.

Earnings Surprise

For the quarterly period ending December 30 this year, Analysts expected BK to announce $0.87 per share in earnings in its latest quarter, but it posted $0.62, representing a -28.70% surprise.

Let’s look briefly at The Bank of New York Mellon Corporation (BK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 72.45% to suggest the stock is trending Overbought, with historical volatility in this time period at 12.94%.

The stock’s 5-day moving average is $49.28, reflecting a +0.63% or $0.31 change from its current price. BK is currently trading +10.18% above its 20-day SMA, +18.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.55% and SMA200 by+0.78%.

Stochastic %K and %D was 81.10% and 82.60% and the average true range (ATR) pointed at 0.95. The RSI (14) points at 70.22%, while the 14-day stochastic is at 82.64% with the period’s ATR at 0.96. The stock’s 9-day MACD Oscillator is pointing at 0.30 and 0.82 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for BK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate BK as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.

What is BK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $47.00 and a high of $64.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for The Bank of New York Mellon Corporation (BK) stock is $55.76.

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