On October 15, 2024, J McCarthy, Senior Executive Vice President & General Counsel, sold 25,000 shares of Bank of New York Mellon Corp (BK, Financial) at a price of $76.31 per share. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 75,403.81 shares of the company.
Bank of New York Mellon Corp, a leading financial services company, provides a wide range of services including asset servicing, investment management, and wealth management to its clients worldwide.
Over the past year, J McCarthy has sold a total of 65,000 shares of the company and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been 10 insider sells and no insider buys over the last year.
On the valuation front, Bank of New York Mellon Corp's shares were trading at $76.31 on the day of the sale, giving the company a market cap of approximately $56.53 billion. The price-earnings ratio stands at 16.90, which is above both the industry median of 10.605 and the company's historical median.
The stock's current price also reflects a significant premium according to the GF Value, which is set at $58.20, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.31.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sell event and the current stock valuation metrics provide important data points for investors monitoring Bank of New York Mellon Corp's stock performance and insider behaviors.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
