Seaport Res Ptn Issues Optimistic Outlook for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Analysts at Seaport Res Ptn increased their Q1 2025 earnings per share estimates for Bank of New York Mellon in a note issued to investors on Thursday, January 16th. Seaport Res Ptn analyst J. Mitchell now anticipates that the bank will post earnings of $1.54 per share for the quarter, up from their previous estimate of $1.41. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $6.86 per share. Seaport Res Ptn also issued estimates for Bank of New York Mellon’s Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.84 EPS, FY2025 earnings at $7.00 EPS, Q1 2026 earnings at $1.69 EPS, Q2 2026 earnings at $2.06 EPS, Q3 2026 earnings at $1.99 EPS, Q4 2026 earnings at $2.07 EPS and FY2026 earnings at $7.80 EPS.

Several other brokerages also recently issued reports on BK. UBS Group upped their price target 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. Wolfe Research downgraded Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $79.00 price objective on shares of Bank of New York Mellon in a report on Monday, October 14th. 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 report on Thursday, January 16th. Finally, Evercore ISI increased their price objective 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. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Bank of New York Mellon Stock Up 2.0 %

Shares of NYSE:BK opened at $84.92 on Monday. The company has a fifty day moving average of $78.96 and a 200-day moving average of $72.57. The company has a market capitalization of $61.74 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. 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 has a 52-week low of $52.64 and a 52-week high of $85.00.

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

Bank of New York Mellon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.21%. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 32.36%.

Hedge Funds Weigh In On Bank of New York Mellon

Institutional investors and hedge funds have recently made changes to their positions in the stock. McClarren Financial Advisors Inc. boosted its position in shares of Bank of New York Mellon by 586.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank’s stock worth $29,000 after purchasing an additional 346 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Bank of New York Mellon by 130.6% during the 3rd quarter. Fortitude Family Office LLC now owns 611 shares of the bank’s stock valued at $44,000 after purchasing an additional 346 shares during the last quarter. Grove Bank & Trust increased its holdings in Bank of New York Mellon by 28.8% during the 3rd quarter. Grove Bank & Trust now owns 644 shares of the bank’s stock worth $46,000 after purchasing an additional 144 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Bank of New York Mellon in the third quarter worth approximately $46,000. Finally, Modus Advisors LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at approximately $49,000. Institutional investors own 85.31% of the company’s stock.

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.