6,973 Shares in Bank of New York Mellon Corporation $BNY Purchased by USA Financial Formulas

USA Financial Formulas purchased a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,973 shares of the bank’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Bank of New York Mellon during the second quarter worth about $1,128,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $13,234,000. Engineers Gate Manager LP acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $1,264,000. Corient Private Wealth LP acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $48,434,000. Finally, HB Wealth Management LLC purchased a new position in Bank of New York Mellon in the 2nd quarter valued at about $6,238,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Key Headlines Impacting Bank of New York Mellon

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. BNY reported quarterly earnings of approximately $2.37 per share, above the $2.26 analyst consensus, while revenue reached $5.68 billion, up 11.7% year over year. Net income and EPS rose sharply, supported by higher fee revenue, net interest income and expanding asset balances. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: Management raised its outlook. BNY increased its 2026 revenue-growth and operating-leverage expectations, citing strong operating momentum, adoption of artificial intelligence and growth across securities services. Assets under custody and administration reportedly reached $63.4 trillion, reinforcing the company’s scale advantage. BNY Q3 Earnings Call Highlights Raised Outlook and AI Push
• Positive Sentiment: Shareholder returns and strategic initiatives support sentiment. BNY declared a $0.63 quarterly common-stock dividend, and the company announced the VeriCORE initiative with SFA and Snapdocs to modernize asset-backed-securities market infrastructure. BNY Declares Dividends
• Neutral Sentiment: Truist remains bullish but reduced its price target. Truist maintained a “buy” rating while lowering its target from $172 to $165, suggesting continued upside but also a more cautious valuation outlook.
• Neutral Sentiment: CEO Robin Vince said a potential 5.25% 10-year Treasury yield would not be historically unusual. The comments may ease concerns about interest-rate conditions, but they do not materially change BNY’s earnings outlook. US 10-year Treasury Yield Levels Not Unprecedented
• Negative Sentiment: Expenses and AI investment remain risks. Although AI is being embedded throughout the business, BNY has not disclosed the associated costs. Rising expenses could limit the benefit of revenue growth and operating leverage. While Embedding AI Everywhere, BNY Won’t Disclose Costs

Wall Street Analyst Weigh In

Several research firms recently issued reports on BNY. Zacks Research cut Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. JPMorgan Chase & Co. boosted their price objective on Bank of New York Mellon from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, October 2nd. Argus increased their target price on Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. New Street Research set a $182.00 target price on Bank of New York Mellon in a report on Friday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bank of New York Mellon in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.85.

Bank of New York Mellon Trading Up 0.8%

Shares of BNY opened at $143.25 on Friday. Bank of New York Mellon Corporation has a 52-week low of $103.11 and a 52-week high of $165.84. The stock has a market cap of $97.20 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The firm’s fifty day moving average is $154.70 and its two-hundred day moving average is $146.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. The business had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts forecast that Bank of New York Mellon Corporation will post 9.30 earnings per share for the current fiscal year.

Insider Transactions at Bank of New York Mellon

In related 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 transaction of $523,740.80. Following the completion of the sale, the vice president owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. This represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,840 shares of company stock worth $6,033,502 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

Bank of New York Mellon Profile

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.