What Are The Chances Of Bank Of New York Mellon Corp (NYSE: BK) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, BK falls under the Financial sector while operating within the Banks – Diversified industry segment. The current market capitalization of Bank Of New York Mellon Corp is $52.25B. A total of 3.26 million shares were traded on the day, compared to an average of 4.08M shares.

In the most recent transaction, Smits Hanneke sold 15,000 shares of BK for 64.11 per share on Jul 18 ’24. After the transaction, the Sr. Exec. Vice President now owns 173,930 company shares. In a previous transaction on May 08 ’24, Santhanakrishnan Senthilkumar sold 15,643 shares at 57.65 per share. BK shares that Senior Exec VP owns now total 144,721.

Among the insiders who sold shares, Kurimsky Kurtis R. disposed of 6,215 shares on May 07 ’24 at a per-share price of $57.93. This resulted in the Corporate Controller holding 24,346 shares of BK after the transaction. In another insider transaction, McCarthy J Kevin sold 40,000 shares at $56.15 per share on Apr 19 ’24. Company shares held by the SEVP & General Counsel now total 100,404.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Bank Of New York Mellon Corp pays an annual dividend of $1.73, resulting in a dividend yield of 2.44%, and it has a price to earnings (P/E) ratio of 16.37. BK’s most recent ex-dividend date was 7/22/2024 when it declared a $0.47 quarterly dividend that was paid in cash on 8/2/2024. Previously, the company paid the dividend on 5/9/2024 with an ex-dividend date of 4/25/2024. The BK stock dividend was $0.42 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BK has a high of $70.61 and a low of $39.66.

As of this writing, BK has an earnings estimate of $1.38 per share for the current quarter. EPS was calculated based on a consensus of 15.0 estimates, with a high estimate of $1.43 per share and a lower estimate of $1.34.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $49.46, while its Total Shareholder’s Equity was $43.39B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BK is Buy with a score of 4.12.

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