Zacks Research Has Negative Estimate for BK Q1 Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Research analysts at Zacks Research decreased their Q1 2027 earnings estimates for shares of Bank of New York Mellon in a research report issued on Thursday, April 10th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $1.99 per share for the quarter, down from their previous forecast of $2.00. 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 FY2027 earnings at $8.63 EPS.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Friday, April 11th. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.76 billion. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $1.29 EPS.

BK has been the topic of a number of other reports. Morgan Stanley dropped their price target on shares of Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com lowered Bank of New York Mellon from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Bank of America lifted their price target on Bank of New York Mellon from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI increased their price objective on Bank of New York Mellon from $83.00 to $87.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. Finally, Truist Financial reduced their target price on shares of Bank of New York Mellon from $90.00 to $87.00 and set a “buy” rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bank of New York Mellon presently has an average rating of “Moderate Buy” and a consensus target price of $89.64.

Bank of New York Mellon Stock Performance

Shares of BK opened at $77.53 on Monday. The company has a market capitalization of $55.66 billion, a PE ratio of 13.34, a PEG ratio of 0.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.69. The company’s 50 day moving average price is $83.46 and its 200 day moving average price is $80.28. Bank of New York Mellon has a 52 week low of $52.64 and a 52 week high of $90.34.

Institutional Trading of Bank of New York Mellon

A number of hedge funds have recently bought and sold shares of the stock. Northstar Advisory Group LLC acquired a new position in shares of Bank of New York Mellon during the first quarter valued at about $2,908,000. Pallas Capital Advisors LLC lifted its position in shares of Bank of New York Mellon by 43.4% in the 1st quarter. Pallas Capital Advisors LLC now owns 8,120 shares of the bank’s stock worth $681,000 after acquiring an additional 2,457 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Bank of New York Mellon by 88.9% during the 1st quarter. Farther Finance Advisors LLC now owns 8,952 shares of the bank’s stock worth $750,000 after purchasing an additional 4,213 shares in the last quarter. City Holding Co. increased its position in shares of Bank of New York Mellon by 10.8% during the first quarter. City Holding Co. now owns 2,617 shares of the bank’s stock valued at $219,000 after purchasing an additional 256 shares during the period. Finally, Millington Financial Advisors LLC acquired a new position in shares of Bank of New York Mellon in the first quarter valued at $2,497,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, April 21st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $1.88 annualized dividend and a dividend yield of 2.42%. Bank of New York Mellon’s dividend payout ratio is 30.62%.

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.