Zacks Research Research Analysts Increase Earnings Estimates for The Bank of New York Mellon Co. (NYSE:BK)

The Bank of New York Mellon Co. (NYSE:BK) – Investment analysts at Zacks Research boosted their Q3 2026 earnings per share estimates for shares of Bank of New York Mellon in a research note issued on Monday, September 30th. Zacks Research analyst R. Department now expects that the bank will post earnings of $1.75 per share for the quarter, up from their previous forecast of $1.70. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $5.63 per share.

Several other research analysts also recently commented on BK. Deutsche Bank Aktiengesellschaft raised Bank of New York Mellon from a “hold” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $80.00 in a research report on Monday, September 23rd. Barclays lifted their price target on Bank of New York Mellon from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Evercore ISI lifted their price target on Bank of New York Mellon from $61.00 to $66.00 and gave the stock an “in-line” rating in a research report on Monday, July 15th. Citigroup lifted their price target on Bank of New York Mellon from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, The Goldman Sachs Group lifted their price target on Bank of New York Mellon from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.38.

Bank of New York Mellon Stock Up 1.7 %

BK opened at $71.99 on Thursday. The business has a 50 day moving average price of $67.46 and a 200 day moving average price of $61.78. Bank of New York Mellon has a twelve month low of $39.66 and a twelve month high of $73.19. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $53.84 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Friday, July 12th. The bank reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.08. Bank of New York Mellon had a return on equity of 11.87% and a net margin of 9.40%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company earned $1.38 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.

Bank of New York Mellon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.61%. This is a boost from Bank of New York Mellon’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, July 22nd. Bank of New York Mellon’s dividend payout ratio is 43.52%.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, VP Hanneke Smits sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $64.11, for a total value of $961,650.00. Following the sale, the vice president now directly owns 173,930 shares in the company, valued at $11,150,652.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Bank of New York Mellon

A number of institutional investors and hedge funds have recently bought and sold shares of BK. Vanguard Group Inc. boosted its stake in Bank of New York Mellon by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 74,501,451 shares of the bank’s stock worth $3,877,801,000 after purchasing an additional 4,293,751 shares in the last quarter. Marshall Wace LLP boosted its stake in Bank of New York Mellon by 99.4% in the second quarter. Marshall Wace LLP now owns 2,631,213 shares of the bank’s stock worth $157,583,000 after purchasing an additional 1,311,969 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Bank of New York Mellon by 6,040.9% in the second quarter. Panagora Asset Management Inc. now owns 1,037,806 shares of the bank’s stock worth $62,154,000 after purchasing an additional 1,020,906 shares in the last quarter. M&G Plc acquired a new position in Bank of New York Mellon in the first quarter worth $55,543,000. Finally, Putnam Investments LLC boosted its stake in Bank of New York Mellon by 224.9% in the fourth quarter. Putnam Investments LLC now owns 1,001,056 shares of the bank’s stock worth $52,105,000 after purchasing an additional 692,910 shares in the last quarter. Institutional investors and hedge funds 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.