Zacks Research Issues Positive Forecast for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Bank of New York Mellon in a report issued on Thursday, February 20th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $1.44 per share for the quarter, up from their prior forecast of $1.42. The consensus estimate for Bank of New York Mellon's current full-year earnings is $6.96 per share. Zacks Research also issued estimates for Bank of New York Mellon's Q2 2025 earnings at $1.74 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.82 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $1.73 EPS, Q2 2026 earnings at $1.88 EPS, Q3 2026 earnings at $1.84 EPS, Q4 2026 earnings at $2.03 EPS, FY2026 earnings at $7.48 EPS and FY2027 earnings at $8.73 EPS.

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

BK has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their price target on 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. Wolfe Research downgraded Bank of New York Mellon from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Evercore ISI increased their price target on Bank of New York Mellon from $79.00 to $83.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Truist Financial increased their price target on Bank of New York Mellon from $91.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, StockNews.com cut Bank of New York Mellon from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Bank of New York Mellon Stock Performance

Shares of BK stock traded up $0.63 during midday trading on Monday, hitting $86.97. The company had a trading volume of 3,079,092 shares, compared to its average volume of 4,131,549. The company's 50 day simple moving average is $82.59 and its 200 day simple moving average is $76.86. Bank of New York Mellon has a 52-week low of $52.64 and a 52-week high of $89.44. The stock has a market cap of $63.23 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon's payout ratio is currently 32.36%.

Institutional Investors Weigh In On Bank of New York Mellon

Several institutional investors have recently bought and sold shares of the stock. United Advisor Group LLC bought a new position in Bank of New York Mellon during the 3rd quarter valued at approximately $595,000. Czech National Bank raised its holdings in Bank of New York Mellon by 4.9% in the 4th quarter. Czech National Bank now owns 157,645 shares of the bank's stock worth $12,112,000 after purchasing an additional 7,316 shares during the period. Principal Financial Group Inc. raised its holdings in Bank of New York Mellon by 1.7% during the third quarter. Principal Financial Group Inc. now owns 883,853 shares of the bank's stock valued at $63,514,000 after acquiring an additional 14,916 shares during the period. Chase Investment Counsel Corp raised its holdings in Bank of New York Mellon by 67.2% during the third quarter. Chase Investment Counsel Corp now owns 83,530 shares of the bank's stock valued at $6,002,000 after acquiring an additional 33,558 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Bank of New York Mellon by 130.1% in the third quarter. HighTower Advisors LLC now owns 326,372 shares of the bank's stock worth $23,449,000 after purchasing an additional 184,560 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

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.