Bank Of New York Mellon is a asset management company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker BK on the NYSE exchange.
Bank Of New York Mellon stock last closed at $45.44, up 1.2% from the previous day, and has decreased 8.44% in one year. It has overperformed other stocks in the Asset Management industry by 0.05 percentage points. Bank Of New York Mellon stock is currently +25.46% from its 52-week low of $36.22, and -13.05% from its 52-week high of $52.26.
As of Mar 31, 2023, there are 804.2M shares of BK outstanding. The market cap of BK is $36.54B. In the last 24 hours, 4.62M BK shares were traded.
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Once you have identified the best place to buy Bank Of New York Mellon stock, it's crucial to analyze their stock before you buy, so you truly wrap your head around the risk and opportunity.
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on BK's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge BK's fair value.
Using relative valuations ratios:
You can access additional valuation analysis on BK's stock here.
Out of 8 Wall Street analysts who give recommendations on BK, the consensus analyst rating on BK is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Gerard Cassidy, a bottom 13% analyst from RBC Capital maintains BK with a hold rating and lowers their BK price target from $49.00 to $44.00, on Mar 24, 2023.
Betsy Graseck, a bottom 8% analyst from Morgan Stanley maintains BK with a strong sell rating and raises their BK price target from $47.00 to $49.00, on Feb 1, 2023.
Ebrahim Poonawala, a bottom 25% analyst from Bank of America reinstates BK with a strong buy rating and announces their BK price target of $56.00, on Jan 12, 2023.
Alexander Blostein, a top 19% analyst from Goldman Sachs upgrades BK to a strong buy rating and announces their BK price target of $59.00, on Jan 4, 2023.
Steven Chubak, a top 14% analyst from Wolfe Research upgrades BK to a buy rating and announces their BK price target of $60.00, on Jan 4, 2023.
You can dive deeper into what analysts are forecasting on the Bank Of New York Mellon stock forecast page.
Last year, BK earnings were $2.36B. During the past 5 year, BK's earnings have gone up by -4.89% per year. This was slower than the Asset Management industry average of 3.32%.
Last year, BK revenue was $16.38B. Over the past five year, BK's revenue has gone up by 1.05% per year. This was slower than the Asset Management industry average of 13.44%.
Find out more about BK's earnings and revenue performance here.
Over the past 12 months, insiders at BK have sold more shares than they have bought.
Emily Hope Portney, Sr. Executive Vice President of BK, was the latest BK insider to sell. They sold $42,230.40 worth of BK shares on Mar 8, 2023.
Get more info about who owns BK stock here.
Bank Of New York Mellon pays a dividend of 3.19%, compared to the Asset Management industry's average dividend yield of 6.86%. If you owned $1,000 of BK stock, you would have been paid $31.91 in the past 12 months.
Bank Of New York Mellon dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Bank Of New York Mellon dividend yield and history here.
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