The Bank of New York Mellon Corporation (NYSE:BK) has a beta of 1.05, a 12-month trailing P/E ratio of 8.96, and a growth ratio of 1.88. The stock’s Relative Strength Index (RSI) is 60.09, with weekly volatility at 1.79% and ATR at 1.12. The BK stock’s 52-week price range has touched low of $26.40 and a $51.60 high. Its shares traded higher over the last trading session, gaining 0.02% on 12/09/20. The shares fell to a low of $40.695 before closing at $40.79. Intraday shares traded counted 5.83 million, which was -11.42% lower than its 30-day average trading volume of 5.23M. BK’s previous close was $40.78 while the outstanding shares total 889.50M.
Investors have identified the Asset Management company The Bank of New York Mellon Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $35.67 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Bank of New York Mellon Corporation (BK) Fundamentals that are to be considered.
BK were able to record 4.95 billion as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by -272.0 million. In cash movements, the company had a total of 5.9 billion as operating cash flow.
Potential earnings growth for The Bank of New York Mellon Corporation (BK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, The Bank of New York Mellon Corporation recorded a total of 820.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -136.83% coming in sequential stages and their sales for the Q3 2020 quarter reducing by -15.0%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 117.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 703.0 million. This allows shareholders to hold on to 889.50M with the recently reported earning now reading 0.98 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (0.98 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.97 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BK sounds very interesting.
Is the stock of BK attractive?
In related news, Sr. Executive Vice President, Harris Mitchell E. sold 35,000 shares of the company’s stock in a transaction that recorded on Jul 22. The sale was performed at an average price of 35.75, for a total value of 1,251,285. As the sale deal closes, the SEVP & General Counsel, McCarthy J Kevin now sold 10,000 shares of the company’s stock, valued at 351,202. Also, Sr. Exec. Vice President, Engle Bridget E. sold 37,913 shares of the company’s stock in a deal that was recorded on Apr 17. The shares were price at an average price of 37.53 per share, with a total market value of 1,422,822. Following this completion of acquisition, the 10% Owner, BERKSHIRE HATHAWAY INC now holds 671,724 shares of the company’s stock, valued at 23,902,261. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
8 out of 19 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on The Bank of New York Mellon Corporation. 0 analysts has assigned a Sell rating on the BK stock. The 12-month mean consensus price target for the company’s shares has been set at $44.76.