Growth Slowdown, But Still Better Than Its Peers: The Bank of New York Mellon Corporation (BK)

Wall Street analysts will be watching closely when The Bank of New York Mellon Corporation (NYSE:BK) reports its quarterly earnings next, which is scheduled for Thu 18 Apr (In 35 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.98 per share. In the preceding quarter, the company reportedly generated EPS of $0.99 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 56.30%, a profit margin of 63.30%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Bank of New York Mellon Corporation (NYSE:BK). Most recently, on January 9th, 2019, Citigroup Downgrade a Neutral rating. Before that, on October 19th, 2018, Keefe Bruyette Downgrade to Underperform. Raymond James Downgrade a Mkt Perform rating on July 12th, 2018, Goldman Downgrade an Neutral rating on March 12th, 2018, and BofA/Merrill Upgrade a Neutral rating on March 7th, 2018.

At its current price point, combined with the fact that this company has 984.79M shares outstanding, the current market capitalization sits at 51.96B. In the last trading day, 3,929,095 shares of The Bank of New York Mellon Corporation were traded, which compares to its usual volume of about 5.56M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $1.53 in the past five trading days, resulting in a percentage change of +2.99% and a moving average of 52.08. In the past 20 days, its price changed by $0.33 (which is +0.63%) and the stock’s moving average was 52.47. Looking back a full 50 days, shares of BK changed by $5.69 (which is +12.09%) and demonstrated a moving average of 51.55.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 62.32%, a 14-day Stochastic %K score of 57.14% and a 20-day Stochastic %K score of 57.14%. Using a similar metric, The Bank of New York Mellon Corporation (BK) shares showed a Stochastic %D of 50.97% over the past 9 days, a Stochastic %D score of 46.73% over the last 14 days, and a 20-day Stochastic %D of 46.73%. Meanwhile, this stock’s MACD Oscillator was 0.34 over the past 9 days, 0.07 over the past two weeks, and -0.10 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $52.76 level. Over the past 12 months, this stock has experienced a high price of $58.22 and a low of $43.67. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Berkshire Hathaway Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Bank of New York Mellon Corporation (NYSE:BK) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 80,937,250 shares of the company’s stock following the addition of 3,087,774 to this investor’s holdings during the three-month period. This share count represents that Berkshire Hathaway Inc now held 8.48% stake in The Bank of New York Mellon Corporation (BK)’s shares.

Just in the most recent trading day, The Bank of New York Mellon Corporation (NYSE:BK) experienced a high price of $52.89 and low point of $52.26. At the end of the last trading session, this stock was at 52.76 per share, following a loss of -$0.1, or 0.61% during the full day.