Seaport Res Ptn Has Optimistic Outlook of BK FY2025 Earnings

The Bank of New York Mellon Corporation (NYSE:BK) – Research analysts at Seaport Res Ptn lifted their FY2025 earnings estimates for shares of Bank of New York Mellon in a research report issued on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now anticipates that the bank will earn $7.13 per share for the year, up from their previous estimate 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) last posted its earnings results on Tuesday, July 15th. The bank reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.21. The business had revenue of $4.77 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Bank of New York Mellon in a research note on Saturday, September 27th. The Goldman Sachs Group upped their target price on shares of Bank of New York Mellon from $106.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets initiated coverage on shares of Bank of New York Mellon in a research note on Friday, October 3rd. They issued an “outperform” rating and a $125.00 price objective on the stock. Evercore ISI increased their price objective on shares of Bank of New York Mellon from $91.00 to $110.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Finally, Truist Financial increased their price objective on shares of Bank of New York Mellon from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. Ten analysts have rated the stock with a Buy rating and six have given a Hold 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 target price of $106.77.

Bank of New York Mellon Price Performance

BK opened at $106.89 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $75.38 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.00 and a beta of 1.13. The company’s 50-day simple moving average is $104.82 and its two-hundred day simple moving average is $93.31. Bank of New York Mellon has a 52-week low of $70.46 and a 52-week high of $110.87.

Institutional Investors Weigh In On Bank of New York Mellon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BK. Revolve Wealth Partners LLC purchased a new stake in Bank of New York Mellon in the 4th quarter worth approximately $220,000. Gateway Investment Advisers LLC increased its holdings in Bank of New York Mellon by 3.0% in the 1st quarter. Gateway Investment Advisers LLC now owns 16,589 shares of the bank’s stock worth $1,391,000 after acquiring an additional 478 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Bank of New York Mellon in the 1st quarter worth approximately $208,000. Wedmont Private Capital increased its holdings in Bank of New York Mellon by 12.4% in the 1st quarter. Wedmont Private Capital now owns 7,075 shares of the bank’s stock worth $550,000 after acquiring an additional 783 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Bank of New York Mellon by 6.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 18,589 shares of the bank’s stock worth $1,559,000 after acquiring an additional 1,048 shares in the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of New York Mellon

In related news, EVP J Kevin Mccarthy sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $98.45, for a total value of $1,969,000.00. Following the completion of the sale, the executive vice president directly owned 35,115 shares of the company’s stock, valued at approximately $3,457,071.75. This represents a 36.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Bank of New York Mellon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Friday, July 25th were paid a $0.53 dividend. This is a boost from Bank of New York Mellon’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, July 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.0%. Bank of New York Mellon’s dividend payout ratio (DPR) 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.