The shares of The Bank of New York Mellon Corporation (NYSE:BK) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on January 9th, 2019. Citigroup wasn’t the only research firm that published a report of The Bank of New York Mellon Corporation, with other equities research analysts also giving their opinion on the stock. Keefe Bruyette advised investors in its research note published on October 19th, 2018, to Underperform the BK stock. The stock had earned Mkt Perform rating from Raymond James when it published its report on July 12th, 2018. The stock was given Neutral rating by Goldman in its report released on March 12th, 2018. BofA/Merrill was of a view that BK is Neutral in its latest report on March 7th, 2018. Morgan Stanley thinks that BK is worth Overweight rating. This was contained in the firm’s report on January 19th, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $53.39. The price of the stock the last time has raised by 19.10% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 57.37.
The shares of the company added by 0.35% during the trading session on Monday, reaching a low of $51.71 while ending the day at $52.01. During the trading session, a total of 3.16 million shares were traded which represents a 50.84% incline from the average session volume which is 6.42M shares. BK had ended its last session trading at 51.83. The Bank of New York Mellon Corporation currently has a market cap of $51.70B, while its P/E ratio stands at 13.52, while its P/E earnings growth sits at 8.04, with a beta of 1.05. The Bank of New York Mellon Corporation debt-to-equity ratio currently stands at 0.74, while its quick ratio hovers at . BK 52-week low price stands at $43.67 while its 52-week high price is $58.67.
The company in its last quarterly report recorded $0.99 earnings per share which is above the $0.92 predicted by most analysts. The The Bank of New York Mellon Corporation generated $4,007.00 million in revenue during the last quarter, which is slightly lower than the $4,024.50 million predicted by analysts. In the second quarter last year, the firm recorded $1.06 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -7.07%. The Bank of New York Mellon Corporation has the potential to record 3.85 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Mizuho published a research note on January 17th, 2019 where it informed investors and clients that Public Service Enterprise Group Incorporated (NYSE:PEG) is now rated as Buy. Keefe Bruyette also rated PEG as Downgrade on October 19th, 2018, with its price target of $110 suggesting that PEG could surge by 3.37% from its current share price. Even though the stock has been trading at $55.88/share, analysts expect it to surge higher by 0.18% to reach $57.93/share. It started the day trading at $56.12 and traded between $55.72 and $55.98 throughout the trading session.
A look at its technical shows that PEG’s 50-day SMA is 53.33 while its 200-day SMA stands at 52.75. The stock has a high of $56.68 for the year while the low is $46.19. The company’s P/E ratio currently sits at 19.57, while the P/B ratio is 1.96. The company’s average trading volume currently stands at 3.29M shares, which means that the short-interest ratio is just 2.63 days. Over the past seven days, the company moved, with its shift of 1.84%. Looking further, the stock has raised 5.64% over the past 90 days while it gained 7.70% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PEG shares, increasing its portfolio by +1.41% during the last quarter. This move now sees The Vanguard Group Inc purchasing 546,603 shares in the last quarter, thus it now holds 39,382,273 shares of PEG, with a total valuation of $2,049,847,310. BlackRock Fund Advisors meanwhile bought more PEG shares in the recently filed quarter, changing its stake to $1,541,600,817 worth of shares. Capital Research Management Co followed the path by decreasing its PEG portfolio by -15.48% in the quarter. This means that Capital Research Management Co sold -4,920,249 shares in the last quarter and now controls 26,866,000 shares of the PEG stock, with the valuation hitting $1,398,375,300.
The firm sold -989,987 shares during the quarter which decreased its stakes to 7,442,160 shares and is now valued at $387,364,428. Following these latest developments, around 0.10% of Public Service Enterprise Group Incorporated stocks are owned by institutional investors and hedge funds.