On October 15, 2024, Hanneke Smits, Sr. Executive Vice President of Bank of New York Mellon Corp (BK, Financial), sold 16,475 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 157,455 shares of Bank of New York Mellon Corp.
Bank of New York Mellon Corp, a leading global financial services company, provides a wide range of services including asset servicing, investment management, and wealth management, catering to institutions and individuals worldwide.
Over the past year, Hanneke Smits has sold a total of 46,900 shares and has not made any purchases of the company's stock. 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 past year.
Shares of Bank of New York Mellon Corp were trading at $76.47 on the day of the sale. The company has a market cap of approximately $56.53 billion. The price-earnings ratio of the stock stands at 16.90, which is above both the industry median of 10.605 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $58.20, suggesting 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 sale might interest investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation metrics and market performance.
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.
