After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that BNY Mellon Municipal Bond Closed-End Funds Declare Distributions.
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Stocks Info
The company is listed on the NYSE and operates within the Asset Management industry segment. The current market capitalization of Bank Of New York Mellon Corp is $43.14B. A total of 7.16 million shares were traded on the day, compared to an average of 4.06M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 17 BUYs and 4 SELLs from insiders. Insiders purchased 51,996 shares during that period but sold 57,304.
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
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Bank Of New York Mellon Corp pays an annual dividend of $1.63, resulting in a dividend yield of 2.91%, and it has a price to earnings (P/E) ratio of 14.10. 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $48.11, while its Total Shareholder’s Equity was $43.39B.
Analysts Opinion
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. 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.
