Bank Of New York Mellon Corporation (The) s chart and data analysis indicates that the stock price has dropped -1.18% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 15.05% . Looking at the past 52 week period, the stock price is up at 30.37% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Bank Of New York Mellon Corporation (The) has a positive value of 28.65 compared to overall market.
The Bank of New York Mellon Corporation stock has recorded a 20-day Moving Average of 2.54% and the 50-Day Moving Average is 1.15%.The 200 Day SMA reached 10.8%The Bank of New York Mellon Corporation is having a Relative Strength Index of 58.38 which indicates the stock is not yet over sold or over bought based on the technical indicators.Bank Of New York Mellon Corporation (The) (NYSE:BK) has tumbled 0.11% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.16% in the last four weeks. The stocks have underperformed the S&P 500 by 0.79% during the past week but Bank Of New York Mellon Corporation (The) (NYSE:BK) it has outperformed the index in 4 weeks by 1.93%.
Bank Of New York Mellon Corporation (The) (NYSE:BK) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.25 points or 0.53% at $47.09 with 3,896,977 shares getting traded. Post opening the session at $46.91, the shares hit an intraday low of $46.71 and an intraday high of $47.1 and the price was in this range throughout the day. The company has a market cap of $49,326 million and the number of outstanding shares has been calculated to be 1,047,488,300 shares. The 52-week high of Bank Of New York Mellon Corporation (The) (NYSE:BK) is $49.54 and the 52-week low is $33.82.
Currently the company Insiders own 3.4% of Bank Of New York Mellon Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.91% . Institutional Investors own 82.45% of Bank Of New York Mellon Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -18.17%. Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Brian T Shea (Vice Chairman) sold 199,676 shares at 45.07 per share price.On Dec 14, 2016, Michelle M. Neal (Managing Director) sold 4,278 shares at 48.43 per share price.On Dec 13, 2016, Thomas P Gibbons (Vice Chairman & CFO) sold 69,220 shares at 48.56 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Bank of New York Mellon Corp was Downgraded by Keefe Bruyette to Mkt Perform on Jan 20, 2017. Bank of New York Mellon Corp was Downgraded by JP Morgan to Neutral on Jan 6, 2017. Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 55 from a previous price target of $48 .Bank of New York Mellon Corp was Upgraded by Raymond James to Strong Buy on Dec 28, 2016.
Bank of New York Mellon Corp Last issued its quarterly earnings results on Jan 19, 2017. The company reported $0.77 EPS for the quarter. Analyst had a consensus estimate of $0.77. The company had revenue of $3790.00 million for the quarter, compared to analysts expectations of $3859.29 million. The companys revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Bank of New York is a bank holding company and one of the worlds larger financial institutions. They provide comprehensive financial services to individuals, small and mid-sized businesses, multinational corporations, financial institutions, governments and public agencies worldwide. Their products and services are organized into five business lines: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Markets and Retail Banking.