Equities research analysts expect Bank Of New York Mellon Corporation (The) (NYSE:BK) to post earnings per share (EPS) of $0.91 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Bank Of New York Mellon’s earnings. The lowest EPS estimate is $0.89 and the highest is $0.93. Bank Of New York Mellon reported earnings per share of $0.77 in the same quarter last year, which suggests a positive year over year growth rate of 18.2%. The firm is expected to announce its next earnings results before the market opens on Thursday, January 18th.

On average, analysts expect that Bank Of New York Mellon will report full-year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.51 to $3.57. For the next year, analysts expect that the firm will post earnings of $3.99 per share, with EPS estimates ranging from $3.75 to $4.40. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Bank Of New York Mellon.

Bank Of New York Mellon (NYSE:BK) last released its earnings results on Thursday, October 19th. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. Bank Of New York Mellon had a return on equity of 10.51% and a net margin of 23.14%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Several analysts recently weighed in on the company. UBS Group downgraded Bank Of New York Mellon from a “buy” rating to a “neutral” rating and set a $56.00 price objective for the company. in a report on Friday, September 8th. Jefferies Group restated a “hold” rating and issued a $56.00 price objective on shares of Bank Of New York Mellon in a report on Friday, September 15th. Zacks Investment Research downgraded Bank Of New York Mellon from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Citigroup restated a “neutral” rating and issued a $56.00 price objective (up from $53.00) on shares of Bank Of New York Mellon in a report on Monday, October 9th. Finally, Credit Suisse Group restated a “hold” rating and issued a $55.00 price objective on shares of Bank Of New York Mellon in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.82.

Bank Of New York Mellon (NYSE BK) traded down $0.02 during trading hours on Friday, hitting $54.67. The stock had a trading volume of 1,372,924 shares, compared to its average volume of 2,976,267. Bank Of New York Mellon has a fifty-two week low of $43.85 and a fifty-two week high of $55.40. The company has a market capitalization of $56,320.00, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.69.

In other Bank Of New York Mellon news, Director Edward P. Garden sold 1,031,157 shares of Bank Of New York Mellon stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $53.13, for a total value of $54,785,371.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas P. Gibbons sold 38,152 shares of Bank Of New York Mellon stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $54.15, for a total value of $2,065,930.80. Following the completion of the transaction, the chief financial officer now owns 310,002 shares in the company, valued at approximately $16,786,608.30. The disclosure for this sale can be found here. Insiders sold 7,708,334 shares of company stock worth $404,956,863 in the last quarter. 3.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Country Trust Bank grew its stake in shares of Bank Of New York Mellon by 4.1% during the third quarter. Country Trust Bank now owns 606,030 shares of the bank’s stock worth $32,132,000 after acquiring an additional 23,683 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Bank Of New York Mellon by 24.7% during the second quarter. Toronto Dominion Bank now owns 364,150 shares of the bank’s stock worth $18,577,000 after acquiring an additional 72,058 shares during the last quarter. Sei Investments Co. grew its stake in shares of Bank Of New York Mellon by 7.4% during the third quarter. Sei Investments Co. now owns 1,020,622 shares of the bank’s stock worth $54,102,000 after acquiring an additional 70,619 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Bank Of New York Mellon by 1.0% during the third quarter. Rhumbline Advisers now owns 1,746,821 shares of the bank’s stock worth $92,616,000 after acquiring an additional 16,839 shares during the last quarter. Finally, Rothschild Asset Management Inc. purchased a new stake in shares of Bank Of New York Mellon during the third quarter worth about $612,000. Institutional investors and hedge funds own 82.92% of the company’s stock.

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Bank Of New York Mellon Company Profile

The Bank of New York Mellon Corporation is an investments company. The Company operates businesses through two segments: Investment Management and Investment Services. The Company also has an Other segment, which includes the leasing portfolio, corporate treasury activities (including its investment securities portfolio), derivatives and other trading, corporate and bank-owned life insurance and renewable energy investments, and business exits.

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