Zacks Research Issues Negative Outlook for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Analysts at Zacks Research decreased their Q1 2027 earnings per share estimates for Bank of New York Mellon in a research report issued on Thursday, April 10th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $1.99 for the quarter, down from their prior forecast of $2.00. 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 FY2027 earnings at $8.63 EPS.

Several other research firms have also recently commented on BK. Royal Bank of Canada reissued a “sector perform” rating and set a $90.00 target price on shares of Bank of New York Mellon in a research report on Monday, March 17th. Wells Fargo & Company boosted their price objective on Bank of New York Mellon from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Monday, March 3rd. Evercore ISI raised their target price on Bank of New York Mellon from $83.00 to $87.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. Morgan Stanley cut their price target on shares of Bank of New York Mellon from $99.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group raised their price objective on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.64.

Bank of New York Mellon Stock Up 0.3 %

BK opened at $77.74 on Monday. Bank of New York Mellon has a fifty-two week low of $52.64 and a fifty-two week high of $90.34. The firm has a market capitalization of $55.81 billion, a P/E ratio of 13.38, a PEG ratio of 0.97 and a beta of 1.03. The company’s 50-day moving average is $83.29 and its 200 day moving average is $80.26. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.70.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Friday, April 11th. The bank reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Bank of New York Mellon had a return on equity of 12.68% and a net margin of 11.35%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the firm posted $1.29 EPS. Bank of New York Mellon’s quarterly revenue was up 5.9% compared to the same quarter last year.

Bank of New York Mellon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 21st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.42%. The ex-dividend date is Monday, April 21st. Bank of New York Mellon’s dividend payout ratio (DPR) is presently 30.62%.

Institutional Investors Weigh In On Bank of New York Mellon

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Bank of New York Mellon during the 4th quarter valued at $1,150,462,000. FMR LLC increased its position in shares of Bank of New York Mellon by 19.3% during the fourth quarter. FMR LLC now owns 23,071,584 shares of the bank’s stock valued at $1,772,590,000 after buying an additional 3,732,862 shares during the period. Northern Trust Corp lifted its holdings in shares of Bank of New York Mellon by 19.1% in the fourth quarter. Northern Trust Corp now owns 9,533,615 shares of the bank’s stock worth $732,468,000 after buying an additional 1,526,686 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Bank of New York Mellon by 9,538.9% in the first quarter. GAMMA Investing LLC now owns 1,399,958 shares of the bank’s stock valued at $117,414,000 after acquiring an additional 1,385,434 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Bank of New York Mellon during the fourth quarter valued at approximately $90,955,000. Institutional investors own 85.31% of the company’s stock.

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.