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Friday, June 9, 2023

Is The Bank of New York Mellon Corporation (NYSE: BK) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Bank of New York Mellon Corporation (BK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.28, or -0.69%, to $40.42. The The Bank of New York Mellon Corporation has recorded 115,600 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted BNY Mellon to Speak at the Morgan Stanley US Financials, Payments & CRE Conference.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $40.70 and fluctuated between $40.90 as its day high and $40.27 as its day low. The current market capitalization of The Bank of New York Mellon Corporation is $32.54B. A total of 3.25 million shares were traded on the day, compared to an average of 5.65M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BK has seen 14 BUY and 9 SELL insider trades, representing the acquisition of 189,004 and the disposition of 65,560 shares. Over the last 12 months, there were 44 BUYs and 62 SELLs from insiders. Insiders purchased 972,722 shares during that period but sold 542,647.

In the most recent transaction, Smits Hanneke sold 16,960 shares of BK for 42.29 per share on Nov 09. After the transaction, the Sr. Exec. Vice President now owns 82,256 company shares. In a previous transaction on Oct 19, McCarthy J Kevin sold 20,000 shares at 39.37 per share. BK shares that SEVP & General Counsel owns now total 108,686.

Among the insiders who sold shares, GIBBONS THOMAS P disposed of 134,000 shares on Aug 08 at a per-share price of $43.24. This resulted in the Chief Executive Officer holding 0 shares of BK after the transaction. In another insider transaction, GIBBONS THOMAS P sold 105,062 shares at $43.24 per share on Aug 08. Company shares held by the Chief Executive Officer now total 221,018.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. The Bank of New York Mellon Corporation pays an annual dividend of $1.48, resulting in a dividend yield of 3.64%, and it has a price to earnings (P/E) ratio of 12.87. BK’s most recent ex-dividend date was 4/27/2023 when it declared a $0.37 quarterly dividend that was paid in cash on 5/11/2023. Previously, the company paid the dividend on 2/3/2023 with an ex-dividend date of 1/20/2023. The BK stock dividend was $0.37 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BK in the last 3 months, the mean price target is $52.91 with high estimates of $62.00 and low estimates of $41.00. In terms of 52-week highs and lows, BK has a high of $52.26 and a low of $36.22.

As of this writing, BK has an earnings estimate of $1.23 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.34 per share and a lower estimate of $1.17. The company reported an EPS of $0.62 in the last quarter, which was -28.70% lower than expectations of $0.87.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $44.56, 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 3.77.

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