Seaport Res Ptn Issues Positive Estimate for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Research analysts at Seaport Res Ptn boosted their Q1 2025 earnings per share (EPS) estimates for shares of Bank of New York Mellon in a report released on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the bank will earn $1.55 per share for the quarter, up from their previous 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 analysts have also recently issued reports on BK. Truist Financial cut their target price on Bank of New York Mellon from $93.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Evercore ISI raised their price objective on shares of Bank of New York Mellon from $83.00 to $87.00 and gave the stock an “in-line” 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. Wells Fargo & Company lifted their price target on Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Finally, UBS Group boosted their target price on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Bank of New York Mellon has an average rating of “Moderate Buy” and a consensus target price of $89.86.

Bank of New York Mellon Price Performance

BK opened at $73.17 on Friday. The stock’s 50 day simple moving average is $84.98 and its 200 day simple moving average is $79.95. Bank of New York Mellon has a 1 year low of $52.64 and a 1 year high of $90.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a market cap of $52.53 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.97 and a beta of 1.03.

Bank of New York Mellon (NYSE:BK) last posted its quarterly 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. 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 in the previous year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.57%. The ex-dividend date was Monday, January 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is 32.36%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Agate Pass Investment Management LLC increased its position in shares of Bank of New York Mellon by 45.0% during the first quarter. Agate Pass Investment Management LLC now owns 21,240 shares of the bank’s stock valued at $1,781,000 after acquiring an additional 6,590 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Bank of New York Mellon by 109.2% in the first quarter. Versant Capital Management Inc now owns 6,368 shares of the bank’s stock worth $534,000 after purchasing an additional 3,324 shares during the last quarter. Boston Common Asset Management LLC lifted its holdings in shares of Bank of New York Mellon by 21.3% during the first quarter. Boston Common Asset Management LLC now owns 166,180 shares of the bank’s stock valued at $13,938,000 after purchasing an additional 29,133 shares in the last quarter. Kera Capital Partners Inc. boosted its position in shares of Bank of New York Mellon by 9.9% during the first quarter. Kera Capital Partners Inc. now owns 2,887 shares of the bank’s stock valued at $242,000 after buying an additional 260 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Bank of New York Mellon by 7.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,897 shares of the bank’s stock worth $243,000 after buying an additional 191 shares in the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

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.