The stock of Bank Of New York Mellon Corp (NYSE:BK) last traded at $85.50, up 1.85% from the previous session.
BK stock price is now 5.06% away from the 50-day moving average and 11.05% away from the 200-day moving average. The market capitalization of the company currently stands at $61.17B.
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On December 09, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $82 to quote $94, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, McCarthy J Kevin, SEVP & General Counsel sold 30,000 shares of the company’s stock on Apr 29 ’25. The stock was sold for $2,370,900 at an average price of $79.03. Upon completion of the transaction, the SEVP & General Counsel now directly owns 55,115 shares in the company, valued at $4.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 29 ’25, Officer McCarthy J. Kevin bought 30,000 shares of the business’s stock. A total of $2,367,300 was incurred on buying the stock at an average price of $78.91. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of New York Mellon Corp has had a low of $57.12 and a high of $90.34.
The net profit margin was 11.35% and return on equity was 11.29% for BK. The company reported revenue of $6.12 billion for the quarter, compared to $6.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.44 percent. For the current quarter, analysts expect BK to generate $4.8B in revenue.
