Zacks Research Analysts Boost Earnings Estimates for BK

Key Points

• Zacks Research Analysts have raised their Q4 2026 EPS estimate for Bank of New York Mellon to $2.08, up from $2.07, while the full-year earnings estimate stands at $6.96.
• Bank of New York Mellon recently declared a quarterly dividend of $0.53 per share, marking an increase from the previous dividend of $0.47, with a yield of 2.0%.
• The company's recent earnings report showed a net margin of 12.27% and a return on equity of 13.46%, with revenue rising by 9.4% compared to the same quarter last year.

The Bank of New York Mellon Corporation (NYSE:BK - Free Report) - Research analysts at Zacks Research raised their Q4 2026 EPS estimates for shares of Bank of New York Mellon in a note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the bank will post earnings per share of $2.08 for the quarter, up from their prior forecast of $2.07. The consensus estimate for Bank of New York Mellon's current full-year earnings is $6.96 per share.

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

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods lifted their price target on 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. Morgan Stanley raised their price objective on shares of Bank of New York Mellon from $95.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial boosted their target price on shares of Bank of New York Mellon from $100.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Wells Fargo & Company increased their price target on shares of Bank of New York Mellon from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI raised their price target on shares of Bank of New York Mellon from $88.00 to $90.00 and gave the company an "in-line" rating in a report on Wednesday, July 2nd. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.62.

Bank of New York Mellon Stock Performance

Shares of NYSE BK opened at $103.96 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. Bank of New York Mellon has a one year low of $66.01 and a one year high of $106.57. The business's 50-day moving average price is $100.59 and its two-hundred day moving average price is $90.23. The company has a market capitalization of $73.32 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. grew its stake in shares of Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank's stock worth $26,000 after acquiring an additional 127 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Bank of New York Mellon in the 1st quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new stake in Bank of New York Mellon in the 1st quarter worth $25,000. Hoey Investments Inc. bought a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $32,000. Finally, Orion Capital Management LLC bought a new position in shares of Bank of New York Mellon during the 1st quarter worth about $32,000. 85.31% of the stock is owned by institutional investors.

Insider Activity

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

Bank of New York Mellon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Bank of New York Mellon's previous quarterly dividend of $0.47. The ex-dividend date was Friday, July 25th. Bank of New York Mellon's dividend payout ratio is currently 32.37%.

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.

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