Research Analysts Offer Predictions for BK Q3 Earnings

The Bank of New York Mellon Corporation (NYSE:BK) – Stock analysts at Zacks Research reduced their Q3 2027 earnings per share (EPS) estimates for shares of Bank of New York Mellon in a research report issued on Thursday, November 6th. Zacks Research analyst Team now forecasts that the bank will post earnings of $2.13 per share for the quarter, down from their previous forecast of $2.16. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $6.96 per share.

BK has been the topic of a number of other research reports. TD Cowen lifted their price target on shares of Bank of New York Mellon from $130.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Truist Financial increased their price objective on shares of Bank of New York Mellon from $118.00 to $119.00 and gave the company a “hold” rating in a report on Friday, October 17th. The Goldman Sachs Group lifted 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 report on Monday, October 6th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of New York Mellon from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Barclays upped their price target on shares of Bank of New York Mellon from $104.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.29.

Bank of New York Mellon Stock Up 1.1%

Bank of New York Mellon stock opened at $109.66 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.70 and a quick ratio of 0.72. The stock has a market capitalization of $76.47 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The business has a 50 day simple moving average of $107.06 and a 200-day simple moving average of $98.13. Bank of New York Mellon has a 12 month low of $70.46 and a 12 month high of $110.87.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings results on Tuesday, March 26th. The bank reported $1.30 earnings per share (EPS) for the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%.The company had revenue of $4.38 billion for the quarter.

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 the business. Fiera Capital Corp raised its holdings in Bank of New York Mellon by 20.8% in the 3rd quarter. Fiera Capital Corp now owns 141,964 shares of the bank’s stock valued at $15,468,000 after acquiring an additional 24,418 shares during the last quarter. L & S Advisors Inc boosted its holdings in shares of Bank of New York Mellon by 24.9% during the 3rd quarter. L & S Advisors Inc now owns 106,103 shares of the bank’s stock worth $11,561,000 after purchasing an additional 21,167 shares during the last quarter. Synovus Financial Corp grew its position in shares of Bank of New York Mellon by 2.3% in the third quarter. Synovus Financial Corp now owns 13,970 shares of the bank’s stock valued at $1,522,000 after purchasing an additional 313 shares in the last quarter. Essex Financial Services Inc. increased its holdings in shares of Bank of New York Mellon by 1.3% in the third quarter. Essex Financial Services Inc. now owns 17,495 shares of the bank’s stock valued at $1,906,000 after purchasing an additional 222 shares during the last quarter. Finally, Syon Capital LLC increased its holdings in shares of Bank of New York Mellon by 14.7% in the third quarter. Syon Capital LLC now owns 10,025 shares of the bank’s stock valued at $1,092,000 after purchasing an additional 1,282 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 27th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, October 27th. Bank of New York Mellon’s dividend payout ratio (DPR) is currently 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.