Bank of New York Mellon Corporation $BNY Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 314,010 shares of the bank’s stock after acquiring an additional 4,487 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Bank of New York Mellon were worth $45,415,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new position in Bank of New York Mellon in the second quarter valued at $8,321,111,000. Bank of America Corp DE acquired a new position in Bank of New York Mellon during the 2nd quarter worth $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon during the 2nd quarter worth $1,214,193,000. Wellington Management Group LLP acquired a new position in Bank of New York Mellon during the 2nd quarter worth $1,175,576,000. Finally, Amundi purchased a new stake in Bank of New York Mellon during the 2nd quarter worth about $985,533,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

More Bank of New York Mellon News

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

• Positive Sentiment: BNY reported solid third-quarter results, with earnings per share rising 24% year over year to $2.34. Management also raised its 2026 operating-leverage target to 500 basis points, signaling expectations for stronger efficiency and profitability. Bank of New York Mellon: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: J.P. Morgan maintained a Buy view on BNY, suggesting some analysts see further upside following the company’s earnings performance and operational improvements. Bank of New York Mellon Receives a Buy from J.P. Morgan
• Neutral Sentiment: BNY priced a $1.25 billion offering of depositary shares representing interests in Series O noncumulative perpetual preferred stock. The securities carry a 7.125% dividend rate through December 2031, after which the rate resets to the five-year Treasury rate plus 2.192%. The capital raise can support regulatory capital and balance-sheet flexibility, but the substantial preferred dividend expense may limit its earnings benefit for common shareholders. BNY Announces Pricing of Preferred Stock Offering
• Negative Sentiment: Citigroup lowered its BNY price target to $157 from $160 while retaining a Neutral rating. The target cut reinforces concerns that near-term upside may be more limited despite the shares trading below the revised target.
• Negative Sentiment: Truist also reduced its price target to $165, while Wells Fargo and Evercore ISI maintained Hold ratings. The cluster of cautious recommendations is likely weighing on investor sentiment. Truist Cuts BNY Mellon Stock Target

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BNY. Barclays increased their price target on Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company lifted their price objective on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. New Street Research set a $182.00 price objective on Bank of New York Mellon in a research report on Friday. Royal Bank Of Canada upped their target price on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Citigroup cut their target price on shares of Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.62.

Insiders Place Their Bets

In other Bank of New York Mellon news, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction dated Monday, September 28th. The stock was 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 directly owned 176,824 shares of the company’s stock, valued at $26,309,642.96. The trade was a 1.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction dated Wednesday, July 29th. The stock was 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. Over the last 90 days, insiders sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is owned by insiders.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock opened at $142.25 on Tuesday. The stock has a market cap of $96.52 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The company has a fifty day simple moving average of $154.36 and a 200-day simple moving average of $146.74. Bank of New York Mellon Corporation has a 12-month low of $105.36 and a 12-month high of $165.84. The company has a current ratio of 0.72, a quick 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, topping analysts’ consensus estimates of $2.26 by $0.11. The firm 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 quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Bank of New York Mellon Corporation will post 9.30 EPS for the current fiscal year.

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.