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. Recently, Yahoo Finance discussed the stock, revealing that BNY Mellon to Speak at the RBC Capital Markets Global Financial Institutions Conference.
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Stocks Info
As a NYSE listed company, BK falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Bank Of New York Mellon Corp is $42.58B. A total of 3.02 million shares were traded on the day, compared to an average of 4.07M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BK has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 25 BUYs and 11 SELLs from insiders. Insiders purchased 209,101 shares during that period but sold 121,567.
In the most recent transaction, Keating Catherine sold 4,498 shares of BK for 54.81 per share on Feb 08. After the transaction, the Sr. Exec. Vice President now owns 123,490 company shares. In a previous transaction on Jan 16, Keating Catherine sold 31,322 shares at 55.01 per share. BK shares that Sr. Exec. Vice President owns now total 95,714.
Among the insiders who sold shares, Smits Hanneke disposed of 15,425 shares on Jan 16 at a per-share price of $55.16. This resulted in the Sr. Exec. Vice President holding 119,656 shares of BK after the transaction. In another insider transaction, Kurimsky Kurtis R. sold 14,045 shares at $45.64 per share on Aug 04. Company shares held by the Corporate Controller now total 23,816.
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 $1.63, resulting in a dividend yield of 2.94%, and it has a price to earnings (P/E) ratio of 13.92. BK’s most recent ex-dividend date was 1/19/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 2/2/2024. Previously, the company paid the dividend on 11/9/2023 with an ex-dividend date of 10/26/2023. 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. According to analysts who have offered 12-month price targets for BK in the last 3 months, the mean price target is $61.94 with high estimates of $68.00 and low estimates of $57.00. In terms of 52-week highs and lows, BK has a high of $56.42 and a low of $39.65.
As of this writing, BK has an earnings estimate of $1.19 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.33 per share and a lower estimate of $1.09. The company reported an EPS of $1.27 in the last quarter, which was 10.40% higher than expectations of $1.15.
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 $48.24, 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 4.07.
