Seaport Res Ptn Analysts Boost Earnings Estimates for BK

The Bank of New York Mellon Co. (NYSE:BK - Free Report) - Stock analysts at Seaport Res Ptn increased their Q1 2025 earnings per share estimates for shares of Bank of New York Mellon in a research report issued to clients and investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the bank will post earnings of $1.55 per share for the quarter, up from their prior estimate of $1.54. The consensus estimate for Bank of New York Mellon's current full-year earnings is $6.96 per share. Seaport Res Ptn also issued estimates for Bank of New York Mellon's Q4 2025 earnings at $1.85 EPS, Q2 2026 earnings at $2.05 EPS and Q4 2026 earnings at $2.08 EPS.

Several other research analysts have also recently weighed in on BK. Wolfe Research cut Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of Bank of New York Mellon from $86.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, March 3rd. UBS Group raised their target price on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Bank of New York Mellon from $94.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Barclays lifted their target price on Bank of New York Mellon from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.86.

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Bank of New York Mellon Price Performance

NYSE:BK traded up $0.61 during midday trading on Friday, hitting $73.92. 7,460,673 shares of the stock were exchanged, compared to its average volume of 3,942,905. The business has a 50-day moving average price of $84.98 and a two-hundred day moving average price of $80.08. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $53.07 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.97 and a beta of 1.03. Bank of New York Mellon has a one year low of $52.64 and a one year high of $90.34.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its earnings results on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. The firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. Bank of New York Mellon's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS.

Hedge Funds Weigh In On Bank of New York Mellon

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Bank of New York Mellon in the 4th quarter worth about $1,150,462,000. FMR LLC grew its stake in shares of Bank of New York Mellon by 19.3% in the 4th quarter. FMR LLC now owns 23,071,584 shares of the bank's stock valued at $1,772,590,000 after buying an additional 3,732,862 shares in the last quarter. Wellington Management Group LLP increased its holdings in Bank of New York Mellon by 2,707.1% in the third quarter. Wellington Management Group LLP now owns 3,258,967 shares of the bank's stock worth $234,189,000 after buying an additional 3,142,869 shares during the last quarter. Northern Trust Corp lifted its stake in Bank of New York Mellon by 19.1% in the fourth quarter. Northern Trust Corp now owns 9,533,615 shares of the bank's stock valued at $732,468,000 after acquiring an additional 1,526,686 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Bank of New York Mellon by 9,538.9% in the first quarter. GAMMA Investing LLC now owns 1,399,958 shares of the bank's stock worth $117,414,000 after acquiring an additional 1,385,434 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's dividend payout ratio is currently 32.36%.

Bank of New York Mellon Company Profile

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.