5,440 Bank of New York Mellon Corporation $BNY Shares Purchased by Detalus Advisors LLC

Detalus Advisors LLC increased its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 294.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,287 shares of the bank’s stock after acquiring an additional 5,440 shares during the quarter. Detalus Advisors LLC’s holdings in Bank of New York Mellon were worth $1,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Luken Investment Analytics LLC purchased a new stake in Bank of New York Mellon in the second quarter valued at $27,000. Burnham & Co LLC purchased a new position in shares of Bank of New York Mellon during the second quarter worth about $29,000. EFG International AG purchased a new position in shares of Bank of New York Mellon during the second quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of Bank of New York Mellon during the second quarter worth about $32,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Bank of New York Mellon during the second quarter worth about $35,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Bank of New York Mellon

Here are the key news stories impacting Bank of New York Mellon this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. BNY reported third-quarter EPS of $2.37 versus the $2.26 consensus estimate, while revenue reached $5.68 billion, an 11.7% year-over-year increase. Net income attributable to shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based. Higher fee revenue, net interest income and asset balances supported the results, while custody and administration assets reportedly climbed 10% to $63.4 trillion. Rising expenses were a partial offset. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: BNY maintained its shareholder-return appeal. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to eligible shareholders, along with dividends on several preferred series. BNY Declares Dividends
• Positive Sentiment: Strategic and analyst support provided additional positives. BNY completed its first tokenized Treasury repo with Citadel Securities and was upgraded by at least one Seeking Alpha contributor; analysts elsewhere assigned a “Moderate Buy” view. BNY Completes First Tokenized Treasury Repo
• Neutral Sentiment: BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, offering reassurance about the interest-rate environment but no clear near-term earnings catalyst. US 10-year Treasury Yield Levels Not Unprecedented
• Neutral Sentiment: Azerbaijan’s central bank discussed expanding cooperation with BNY, but the report provided no financial terms or measurable earnings impact. Azerbaijan’s CBA Discusses Expanding Cooperation with BNY Mellon
• Negative Sentiment: Although the earnings beat was substantial, the shares fell, suggesting investors may have been taking profits or looking for stronger forward guidance and expense control. The stock remains below its 50-day moving average, indicating continued technical pressure.

Bank of New York Mellon Stock Up 3.4%

BNY stock opened at $142.29 on Friday. The company has a fifty day moving average price of $154.99 and a 200 day moving average price of $146.38. Bank of New York Mellon Corporation has a 12 month low of $103.11 and a 12 month high of $165.84. The company has a market cap of $96.54 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm had revenue of $5.68 billion during the quarter. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BNY has been the topic of a number of research analyst reports. Truist Financial cut their target price on Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Keefe, Bruyette & Woods upped their target price on Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. TD Cowen started coverage on Bank of New York Mellon in a research report on Thursday, October 8th. They issued a “hold” rating and a $160.00 target price for the company. Citigroup dropped their price target on Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Argus lifted their price target on Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average target price of $162.38.

Insiders Place Their Bets

In other news, VP Jose Minaya sold 3,520 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the completion of the sale, the vice president directly owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is currently owned by company insiders.

About Bank of New York Mellon

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.