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Friday, December 2, 2022

Is The Bank of New York Mellon Corporation (NYSE: BK) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for The Bank of New York Mellon Corporation (BK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.79, or +4.51%, to $41.45. Volume reached 118,353 shares, with price reaching a high of $41.5671 and a low of $41.37. The stock was recently discussed on Yahoo Finance as it revealed that BNY Mellon Adds New ESG Ratings to Securities Lending.


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Stocks Info

The Bank of New York Mellon Corporation is listed on the NYSE in the Financial sector while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $41.37 and fluctuated between $41.42 as its day high and $40.50 as its day low. The current market capitalization of The Bank of New York Mellon Corporation is $33.74B. A total of 6.32 million shares were traded on the day, compared to an average of 3.50M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BK has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 239,062 shares. Over the last 12 months, there were 40 BUYs and 53 SELLs from insiders. Insiders purchased 619,952 shares during that period but sold 575,683.

In the most recent transaction, GIBBONS THOMAS P sold 134,000 shares of BK for 43.24 per share on Aug 08. After the transaction, the Chief Executive Officer now owns 0 company shares. In a previous transaction on Aug 08, GIBBONS THOMAS P sold 105,062 shares at 43.24 per share. BK shares that Chief Executive Officer owns now total 221,018.

Among the insiders who sold shares, Engle Bridget E. disposed of 44,135 shares on May 10 at a per-share price of $42.82. This resulted in the Sr. Exec. Vice President holding 101,886 shares of BK after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. The Bank of New York Mellon Corporation pays an annual dividend of $1.48, resulting in a dividend yield of 3.58%, and it has a price to earnings (P/E) ratio of 10.53. BK’s most recent ex-dividend date was 07/22/2022 when it declared a $0.37 quarterly dividend that was paid in cash on 08/05/2022. Previously, the company paid the dividend on 05/11/2022 with an ex-dividend date of 04/27/2022. The dividend was $0.34 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BK in the last 3 months, the mean price target is $47.97 with high estimates of $61.00 and low estimates of $41.00. In terms of 52-week highs and lows, BK has a high of $64.63 and a low of $38.30.

As of this writing, BK has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.13 per share and a lower estimate of $1.02. The company reported an EPS of $1.15 in the last quarter, which was 2.68% higher than expectations of $1.12.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 18 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 Underweight with a score of 3.50. A total of 5 analysts rated the stock as Buy while 2 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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