Seaport Res Ptn Has Optimistic Outlook of BK FY2025 Earnings

Key Points

• Seaport Res Ptn revised its FY2025 earnings per share (EPS) estimate for Bank of New York Mellon to $7.38, an increase from the previous estimate of $7.13.
• Several analysts, including Wells Fargo and Barclays, have raised their price targets for Bank of New York Mellon's shares, with Barclays setting a new target at $120.00.
• The Bank of New York Mellon announced a quarterly dividend of $0.53, representing an annual yield of 2.0%, with the payment scheduled for November 7th.

The Bank of New York Mellon Corporation (NYSE:BK - Free Report) - Equities researchers at Seaport Res Ptn increased their FY2025 earnings per share (EPS) estimates for shares of Bank of New York Mellon in a research note issued to investors on Thursday, October 16th. Seaport Res Ptn analyst J. Mitchell now anticipates that the bank will earn $7.38 per share for the year, up from their prior forecast of $7.13. 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 $1.96 EPS, Q1 2026 earnings at $1.83 EPS, Q3 2026 earnings at $2.10 EPS and FY2026 earnings at $8.20 EPS.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings data on Tuesday, March 26th. The bank reported $1.30 EPS for the quarter. The business had revenue of $4.38 billion during the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%.

Several other equities analysts have also recently weighed in on BK. Wells Fargo & Company raised their price objective on Bank of New York Mellon from $100.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday. Barclays raised their price objective on shares of Bank of New York Mellon from $104.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday. BMO Capital Markets started coverage on shares of Bank of New York Mellon in a report on Friday, October 3rd. They set an "outperform" rating and a $125.00 target price on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of New York Mellon from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Bank of New York Mellon in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Bank of New York Mellon currently has an average rating of "Moderate Buy" and a consensus target price of $109.62.

Bank of New York Mellon Price Performance

Shares of NYSE BK opened at $105.77 on Monday. The stock has a market capitalization of $74.59 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.98 and a beta of 1.13. The business has a 50-day moving average of $105.59 and a 200-day moving average of $94.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.70 and a quick ratio of 0.72. Bank of New York Mellon has a fifty-two week low of $70.46 and a fifty-two week high of $110.87.

Institutional Trading of Bank of New York Mellon

Several institutional investors and hedge funds have recently bought and sold shares of BK. Norges Bank bought a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at $1,081,847,000. Nuveen LLC purchased a new position in shares of Bank of New York Mellon in the 1st quarter worth $773,627,000. Qube Research & Technologies Ltd purchased a new position in shares of Bank of New York Mellon in the 2nd quarter worth $135,728,000. AustralianSuper Pty Ltd purchased a new position in shares of Bank of New York Mellon during the 1st quarter worth about $92,502,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Bank of New York Mellon by 26.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,053,744 shares of the bank's stock worth $423,858,000 after purchasing an additional 1,052,145 shares during the period. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $98.45, for a total value of $1,969,000.00. Following the completion of the sale, the executive vice president directly owned 35,115 shares of the company's stock, valued at approximately $3,457,071.75. This represents a 36.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

Bank of New York Mellon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Monday, October 27th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 27th. Bank of New York Mellon's dividend payout ratio is presently 30.59%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.