
The Bank of New York Mellon Corporation (NYSE:BK – Free Report) – Zacks Research upped their FY2025 earnings estimates for Bank of New York Mellon in a research note issued to investors on Thursday, November 6th. Zacks Research analyst Team now anticipates that the bank will earn $7.27 per share for the year, up from their previous forecast of $6.90. 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 Q4 2025 earnings at $1.84 EPS, Q1 2026 earnings at $1.75 EPS, Q2 2026 earnings at $2.02 EPS, Q3 2026 earnings at $1.99 EPS, Q4 2026 earnings at $2.13 EPS, FY2026 earnings at $7.88 EPS, Q1 2027 earnings at $2.00 EPS, Q2 2027 earnings at $2.13 EPS and FY2027 earnings at $8.63 EPS.
Other analysts have also recently issued reports about the company. Citigroup increased their price target on shares of Bank of New York Mellon from $92.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, September 5th. Evercore ISI boosted their price target on shares of Bank of New York Mellon from $91.00 to $110.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Wells Fargo & Company raised their price objective on Bank of New York Mellon from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. BMO Capital Markets initiated coverage on Bank of New York Mellon in a research report on Friday, October 3rd. They set an “outperform” rating and a $125.00 price target on the stock. Finally, TD Cowen raised their target price on shares of Bank of New York Mellon from $130.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.29.
Bank of New York Mellon Trading Down 0.1%
NYSE BK opened at $108.57 on Friday. Bank of New York Mellon has a 12 month low of $70.46 and a 12 month high of $110.87. The stock has a 50-day simple moving average of $106.98 and a 200 day simple moving average of $97.59. The company has a current ratio of 0.70, a quick ratio of 0.72 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $75.71 billion, a PE ratio of 15.67, a P/E/G ratio of 0.98 and a beta of 1.13.
Bank of New York Mellon (NYSE:BK – Get Free Report) last issued its earnings results on Tuesday, March 26th. The bank reported $1.30 EPS for the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%. The company had revenue of $4.38 billion during the quarter.
Hedge Funds Weigh In On Bank of New York Mellon
Hedge funds and other institutional investors have recently made changes to their positions in the company. GenTrust LLC raised its position in Bank of New York Mellon by 6.7% during the third quarter. GenTrust LLC now owns 5,336 shares of the bank’s stock worth $581,000 after acquiring an additional 336 shares in the last quarter. Balboa Wealth Partners grew its holdings in Bank of New York Mellon by 7.0% during the third quarter. Balboa Wealth Partners now owns 3,158 shares of the bank’s stock worth $344,000 after purchasing an additional 207 shares during the period. Eagle Bluffs Wealth Management LLC acquired a new position in Bank of New York Mellon during the third quarter worth approximately $218,000. CENTRAL TRUST Co raised its stake in Bank of New York Mellon by 72.0% in the third quarter. CENTRAL TRUST Co now owns 5,292 shares of the bank’s stock valued at $577,000 after buying an additional 2,216 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Bank of New York Mellon by 29.1% in the third quarter. Assetmark Inc. now owns 184,128 shares of the bank’s stock valued at $20,063,000 after buying an additional 41,473 shares during the last quarter. 85.31% of the stock is owned by institutional investors.
Bank of New York Mellon Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Monday, October 27th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, October 27th. This represents a $2.12 annualized dividend and a dividend yield of 2.0%. Bank of New York Mellon’s payout ratio is 30.59%.
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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