Seaport Res Ptn Issues Pessimistic Outlook for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK - Free Report) - Equities researchers at Seaport Res Ptn cut their Q2 2025 earnings per share (EPS) estimates for shares of Bank of New York Mellon in a report released on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the bank will post earnings of $1.82 per share for the quarter, down from their previous forecast of $1.84. The consensus estimate for Bank of New York Mellon's current full-year earnings is $6.96 per share.

BK has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bank of New York Mellon from $94.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Morgan Stanley lowered their target price on shares of Bank of New York Mellon from $99.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Evercore ISI increased their price target on Bank of New York Mellon from $83.00 to $87.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. UBS Group lifted their price objective on Bank of New York Mellon from $88.00 to $94.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Truist Financial dropped their target price on Bank of New York Mellon from $93.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average target price of $89.86.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock traded up $1.14 during midday trading on Monday, reaching $77.75. 6,804,364 shares of the company were exchanged, compared to its average volume of 3,983,832. The firm's 50-day simple moving average is $83.63 and its 200-day simple moving average is $80.18. Bank of New York Mellon has a 1 year low of $52.64 and a 1 year high of $90.34. The company has a market capitalization of $55.82 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.08. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.76 billion. During the same quarter last year, the business posted $1.29 earnings per share. Bank of New York Mellon's revenue was up 5.9% compared to the same quarter last year.

Hedge Funds Weigh In On Bank of New York Mellon

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gateway Investment Advisers LLC lifted its stake in shares of Bank of New York Mellon by 3.0% during the first quarter. Gateway Investment Advisers LLC now owns 16,589 shares of the bank's stock worth $1,391,000 after purchasing an additional 478 shares in the last quarter. Vest Financial LLC purchased a new stake in shares of Bank of New York Mellon during the 1st quarter valued at about $43,093,000. HF Advisory Group LLC raised its holdings in shares of Bank of New York Mellon by 3.0% during the 1st quarter. HF Advisory Group LLC now owns 9,826 shares of the bank's stock valued at $824,000 after buying an additional 283 shares during the period. Beacon Financial Group lifted its position in Bank of New York Mellon by 3.9% during the 1st quarter. Beacon Financial Group now owns 17,693 shares of the bank's stock worth $1,484,000 after acquiring an additional 666 shares in the last quarter. Finally, Benson Investment Management Company Inc. purchased a new position in Bank of New York Mellon in the 1st quarter worth approximately $5,259,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon's dividend payout ratio is presently 32.36%.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.