Bank of New York Mellon (NYSE:BNY) Stock Gets Price Target Reduction from Truist Financial

Bank of New York Mellon (NYSE:BNY) had its target price reduced by Truist Financial from $172.00 to $165.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the bank’s stock.

A number of other brokerages have also weighed in on BNY. Bank of America increased their price target on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. TD Cowen initiated coverage on Bank of New York Mellon in a report on Thursday, October 8th. They set a “hold” rating and a $160.00 price objective on the stock. Erste Group Bank initiated coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They issued a “buy” rating for the company. Argus upped their target price on Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada upped their target price on Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.85.

Bank of New York Mellon Stock Performance

Shares of NYSE BNY opened at $143.25 on Friday. The company has a 50-day simple moving average of $154.70 and a 200-day simple moving average of $146.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. The company 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. Bank of New York Mellon has a 12 month low of $103.11 and a 12 month high of $165.84.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The business had revenue of $5.68 billion for the quarter. Bank of New York Mellon’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Bank of New York Mellon will post 9.30 earnings per share for the current year.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80. Following the transaction, the vice president directly owned 176,824 shares in the company, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,840 shares of company stock worth $6,033,502 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bank of New York Mellon

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

Trending Headlines about 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

Bank of New York Mellon Company 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.