Seaport Res Ptn Has Negative Outlook of BK Q2 Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Stock analysts at Seaport Res Ptn cut their Q2 2025 earnings estimates for Bank of New York Mellon in a research note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the bank will post earnings of $1.82 per share for the quarter, down from their prior forecast of $1.84. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $6.96 per share.

BK has been the subject of a number of other research reports. Morgan Stanley cut their target price on shares of Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Barclays raised their price objective on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wolfe Research cut Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $90.00 target price on shares of Bank of New York Mellon in a research note on Monday, March 17th. Finally, Wells Fargo & Company boosted their price target on Bank of New York Mellon from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Bank of New York Mellon currently has an average rating of “Moderate Buy” and an average price target of $89.86.

Bank of New York Mellon Stock Down 8.4 %

BK opened at $73.17 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $84.98 and its 200 day simple moving average is $80.08. Bank of New York Mellon has a 1-year low of $52.64 and a 1-year high of $90.34. The stock has a market cap of $52.53 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.97 and a beta of 1.03.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 EPS for the quarter, beating the consensus estimate of $1.54 by $0.18. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.

Hedge Funds Weigh In On Bank of New York Mellon

Hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. increased its stake in shares of Bank of New York Mellon by 583.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 10,306 shares of the bank’s stock valued at $741,000 after purchasing an additional 8,797 shares during the last quarter. Wellington Management Group LLP boosted its stake in Bank of New York Mellon by 2,707.1% in the third quarter. Wellington Management Group LLP now owns 3,258,967 shares of the bank’s stock valued at $234,189,000 after buying an additional 3,142,869 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in Bank of New York Mellon in the third quarter valued at about $395,000. EP Wealth Advisors LLC grew its position in Bank of New York Mellon by 26.6% in the third quarter. EP Wealth Advisors LLC now owns 4,937 shares of the bank’s stock valued at $355,000 after acquiring an additional 1,038 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in Bank of New York Mellon during the third quarter worth about $775,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 2.57%. Bank of New York Mellon’s dividend payout ratio is 32.36%.

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.