The Street Is Finally Waking Up To Bank Of New York Mellon Corp (NYSE: BK)

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 Announces Redemption of Floating Rate Senior Notes Due 2024.

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Stocks Info

Bank Of New York Mellon Corp is listed on the NYSE as a member of the Financial sector and is a part of the Asset Management industry. The current market capitalization of Bank Of New York Mellon Corp is $42.60B. A total of 2.77 million shares were traded on the day, compared to an average of 3.96M shares.

In the most recent transaction, Keating Catherine sold 4,498 shares of BK for 54.81 per share on Feb 08 ’24. After the transaction, the Sr. Exec. Vice President now owns 123,490 company shares. In a previous transaction on Jan 16 ’24, 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 ’24 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 ’23. Company shares held by the Corporate Controller now total 23,816.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Bank Of New York Mellon Corp pays an annual dividend of $1.63, resulting in a dividend yield of 2.89%, and it has a price to earnings (P/E) ratio of 14.19. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, BK has a high of $57.35 and a low of $39.65.

As of this writing, BK has an earnings estimate of $1.18 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 $1.06. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

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. 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 4.18.

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