Seaport Res Ptn Has Optimistic Outlook of BK FY2025 Earnings

The Bank of New York Mellon Corporation (NYSE:BK - Free Report) - Investment analysts at Seaport Res Ptn upped their FY2025 EPS estimates for shares of Bank of New York Mellon in a note issued to investors on Monday, July 21st. Seaport Res Ptn analyst J. Mitchell now expects that the bank will post earnings of $7.10 per share for the year, up from their previous estimate of $6.95. 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, Q1 2026 earnings at $1.74 EPS, Q2 2026 earnings at $2.08 EPS, Q3 2026 earnings at $2.03 EPS, Q4 2026 earnings at $2.15 EPS and FY2026 earnings at $8.00 EPS.

BK has been the subject of a number of other research reports. Morgan Stanley lifted their target price on shares of Bank of New York Mellon from $95.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Truist Financial upped their price objective on Bank of New York Mellon from $97.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on shares of Bank of New York Mellon from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Evercore ISI increased their price objective on shares of Bank of New York Mellon from $88.00 to $90.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bank of New York Mellon from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Bank of New York Mellon presently has an average rating of "Moderate Buy" and a consensus target price of $94.38.

Bank of New York Mellon Stock Performance

NYSE BK traded up $0.99 during midday trading on Thursday, hitting $100.96. The company had a trading volume of 4,123,316 shares, compared to its average volume of 4,583,163. Bank of New York Mellon has a fifty-two week low of $60.93 and a fifty-two week high of $101.16. The stock has a market cap of $72.23 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 0.98 and a beta of 1.07. The firm has a fifty day simple moving average of $91.96 and a two-hundred day simple moving average of $85.99. The company has a quick ratio of 0.69, a current ratio of 0.72 and a debt-to-equity ratio of 0.86.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The bank reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.21. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.80 billion. Bank of New York Mellon had a net margin of 12.27% and a return on equity of 13.46%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 earnings per share.

Bank of New York Mellon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Friday, July 25th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.10%. This is a positive change from Bank of New York Mellon's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, July 25th. Bank of New York Mellon's dividend payout ratio (DPR) is presently 28.70%.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 30,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $79.03, for a total transaction of $2,370,900.00. Following the completion of the transaction, the executive vice president owned 55,115 shares of the company's stock, valued at approximately $4,355,738.45. This trade represents a 35.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Bank of New York Mellon

Several institutional investors and hedge funds have recently made changes to their positions in BK. Parvin Asset Management LLC bought a new position in shares of Bank of New York Mellon in the fourth quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Bank of New York Mellon during the 1st quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in Bank of New York Mellon in the first quarter worth about $25,000. Bellwether Advisors LLC bought a new stake in Bank of New York Mellon during the fourth quarter worth approximately $28,000. Finally, REAP Financial Group LLC lifted its position in Bank of New York Mellon by 123.2% in the fourth quarter. REAP Financial Group LLC now owns 395 shares of the bank's stock worth $30,000 after buying an additional 218 shares during the last quarter. 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.