The Bank of New York Mellon Co. (NYSE:BK – Free Report) – Investment analysts at Zacks Research raised their Q1 2025 earnings estimates for shares of Bank of New York Mellon in a research report issued on Thursday, February 20th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $1.44 for the quarter, up from their previous estimate 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.
Several other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Bank of New York Mellon from $94.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on shares of Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Truist Financial raised their price objective on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Barclays raised their price objective on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company raised their price objective on shares of Bank of New York Mellon from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.
Bank of New York Mellon Trading Down 1.5 %
Shares of Bank of New York Mellon stock opened at $86.70 on Monday. The business has a fifty day simple moving average of $82.38 and a two-hundred day simple moving average of $76.80. Bank of New York Mellon has a 1 year low of $52.64 and a 1 year high of $89.44. The company has a market capitalization of $63.04 billion, a price-to-earnings ratio of 14.92, a P/E/G 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 (NYSE:BK – Get Free Report) last issued its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the business posted $1.28 EPS. Bank of New York Mellon’s revenue was up 11.2% on a year-over-year basis.
Bank of New York Mellon Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.17%. Bank of New York Mellon’s payout ratio is 32.36%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Analysts LLC raised its stake in Bank of New York Mellon by 3.7% in the fourth quarter. Capital Analysts LLC now owns 3,317 shares of the bank’s stock valued at $255,000 after purchasing an additional 119 shares in the last quarter. Cape Investment Advisory Inc. raised its position in Bank of New York Mellon by 12.6% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,172 shares of the bank’s stock valued at $90,000 after purchasing an additional 131 shares in the last quarter. Syon Capital LLC raised its position in Bank of New York Mellon by 2.5% during the fourth quarter. Syon Capital LLC now owns 5,432 shares of the bank’s stock valued at $417,000 after purchasing an additional 132 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Bank of New York Mellon by 0.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 34,536 shares of the bank’s stock valued at $2,653,000 after purchasing an additional 133 shares in the last quarter. Finally, Studio Investment Management LLC raised its position in Bank of New York Mellon by 2.1% during the third quarter. Studio Investment Management LLC now owns 6,636 shares of the bank’s stock valued at $477,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.
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.
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