The Bank of New York Mellon Co. (NYSE:BK - Free Report) - Stock analysts at Zacks Research upped their Q4 2025 earnings per share estimates for shares of Bank of New York Mellon in a report issued on Monday, January 6th. Zacks Research analyst R. Department now expects that the bank will earn $1.67 per share for the quarter, up from their previous forecast of $1.63. The consensus estimate for Bank of New York Mellon's current full-year earnings is $5.84 per share.
Other analysts also recently issued reports about the stock. Barclays upped their price objective on shares of Bank of New York Mellon from $86.00 to $102.00 and gave the company an "overweight" rating in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Bank of New York Mellon from $69.00 to $77.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Wells Fargo & Company lifted their price objective on Bank of New York Mellon from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, January 2nd. Royal Bank of Canada restated a "sector perform" rating and issued a $79.00 target price on shares of Bank of New York Mellon in a research note on Monday, October 14th. Finally, UBS Group raised their target price on Bank of New York Mellon from $73.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.64.
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Bank of New York Mellon Stock Performance
NYSE BK traded down $0.08 during trading hours on Thursday, reaching $77.88. The stock had a trading volume of 3,031,600 shares, compared to its average volume of 3,544,840. Bank of New York Mellon has a 52-week low of $52.21 and a 52-week high of $82.72. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $56.62 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.08. The stock has a fifty day moving average of $78.55 and a 200 day moving average of $71.42.
Bank of New York Mellon (NYSE:BK - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The bank reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. Bank of New York Mellon had a return on equity of 12.06% and a net margin of 9.44%. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion.
Institutional Investors Weigh In On Bank of New York Mellon
Hedge funds have recently modified their holdings of the business. Bangor Savings Bank acquired a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $233,000. Neville Rodie & Shaw Inc. grew its holdings in Bank of New York Mellon by 82.1% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 49,935 shares of the bank's stock valued at $3,837,000 after buying an additional 22,506 shares in the last quarter. CWA Asset Management Group LLC increased its stake in shares of Bank of New York Mellon by 37.4% in the 4th quarter. CWA Asset Management Group LLC now owns 39,011 shares of the bank's stock worth $2,997,000 after acquiring an additional 10,620 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Bank of New York Mellon by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 62,213 shares of the bank's stock worth $4,790,000 after acquiring an additional 3,247 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $49,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Bank of New York Mellon news, VP Hanneke Smits sold 16,475 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.47, for a total transaction of $1,259,843.25. Following the completion of the transaction, the vice president now owns 157,455 shares of the company's stock, valued at $12,040,583.85. This represents a 9.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP J Kevin Mccarthy sold 25,000 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.31, for a total value of $1,907,750.00. Following the completion of the sale, the executive vice president now directly owns 75,404 shares in the company, valued at $5,754,079.24. This represents a 24.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
Bank of New York Mellon Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, October 21st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.41%. The ex-dividend date was Monday, October 21st. Bank of New York Mellon's payout ratio is presently 40.87%.
Bank of New York Mellon Company Profile
(
Get Free Report)
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.
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