What is Seaport Res Ptn's Estimate for BK FY2025 Earnings?

Key Points

• Seaport Res Ptn has raised its FY2025 earnings per share estimate for the Bank of New York Mellon to $7.13, up from a previous projection of $7.10, which is above the consensus estimate of $6.96.
• The bank reported Q2 earnings of $1.94 per share, exceeding the expected $1.73, with a revenue of $4.77 billion that was slightly below the projected $4.80 billion.
• Bank of New York Mellon recently announced a dividend increase to $0.53 per share, representing a 2.0% yield, up from the previous $0.47.

The Bank of New York Mellon Corporation (NYSE:BK - Free Report) - Investment analysts at Seaport Res Ptn boosted their FY2025 EPS estimates for shares of Bank of New York Mellon in a research report issued to clients and investors on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now anticipates that the bank will post earnings of $7.13 per share for the year, up from their prior forecast of $7.10. 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 $1.86 EPS, Q1 2026 earnings at $1.78 EPS, Q3 2026 earnings at $2.05 EPS and FY2027 earnings at $9.00 EPS.

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

Several other analysts also recently weighed in on BK. BMO Capital Markets started coverage on shares of Bank of New York Mellon in a research report on Friday. They set an "outperform" rating and a $125.00 target price on the stock. TD Cowen began coverage on shares of Bank of New York Mellon in a research note on Thursday, September 25th. They set a "buy" rating for the company. Wells Fargo & Company lifted 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 note on Wednesday, July 16th. 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 research note on Wednesday, July 16th. Finally, Citigroup lifted their price objective on shares of Bank of New York Mellon from $92.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.77.

Bank of New York Mellon Stock Down 0.1%

NYSE:BK opened at $106.46 on Tuesday. The company has a market cap of $75.08 billion, a PE ratio of 16.25, a P/E/G ratio of 1.01 and a beta of 1.13. Bank of New York Mellon has a twelve month low of $70.46 and a twelve month high of $110.87. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The company's 50 day moving average is $104.71 and its two-hundred day moving average is $93.21.

Bank of New York Mellon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Friday, July 25th were paid a $0.53 dividend. The ex-dividend date was Friday, July 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.0%. This is an increase from Bank of New York Mellon's previous quarterly dividend of $0.47. Bank of New York Mellon's dividend payout ratio (DPR) is presently 32.37%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Bank of New York Mellon

Large investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in Bank of New York Mellon during the first quarter worth $25,000. Alpine Bank Wealth Management acquired a new position in Bank of New York Mellon during the first quarter worth $25,000. Westside Investment Management Inc. grew its holdings in shares of Bank of New York Mellon by 78.9% during the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank's stock worth $26,000 after buying an additional 127 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Bank of New York Mellon by 100.0% during the first quarter. Cornerstone Planning Group LLC now owns 392 shares of the bank's stock worth $30,000 after buying an additional 196 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Bank of New York Mellon during the first quarter worth $32,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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