Bank of New York Mellon Corporation $BNY Stock Bought by HF Advisory Group LLC

HF Advisory Group LLC increased its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 76.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,969 shares of the bank’s stock after buying an additional 3,876 shares during the quarter. HF Advisory Group LLC’s holdings in Bank of New York Mellon were worth $1,297,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related 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 value of $4,937,268.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jose Minaya sold 3,520 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the transaction, the vice president directly owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,840 shares of company stock worth $6,033,502 in the last ninety days. 0.17% of the stock is currently owned by insiders.

Bank of New York Mellon News Summary

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

• Positive Sentiment: BNY is expected to report year-over-year earnings growth in its upcoming quarterly results. Zacks highlighted the company’s strong history of earnings surprises and favorable conditions for another potential beat. Can BNY Keep the Earnings Surprise Streak Alive?
• Positive Sentiment: The bank is expanding regulated digital-asset custody services across the European Union under the Markets in Crypto-Assets framework. The move strengthens BNY’s position in institutional crypto infrastructure and could create additional long-term fee opportunities. BNY Expands Digital Asset Custody in Europe
• Positive Sentiment: TD Cowen initiated coverage with a “hold” rating and a $160 price target, implying meaningful potential appreciation from the level cited in the report. While not a bullish rating, the target suggests the shares may be undervalued after their recent weakness.
• Neutral Sentiment: Analyst commentary covering BNY and other financial companies offered additional perspective but did not signal a clear change in the company’s outlook. Analysts Offer Insights on Financial Companies
• Neutral Sentiment: BNY reportedly sold 21.24 million shares of Indonesia’s Telkom Indonesia, a portfolio transaction whose direct effect on BNY’s earnings and stock valuation is unclear. BNY Sells TLKM Shares
• Negative Sentiment: Analysts have trimmed BNY’s fair value estimates, indicating some recalibration of valuation expectations and potentially contributing to pressure on the shares. BNY Stock Gets Fair Value Trim

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BNY shares. Bank of America upped their price objective on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Barclays boosted their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Citigroup reduced their target price on Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Finally, JPMorgan Chase & Co. increased their price target on Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.38.

Bank of New York Mellon Price Performance

BNY opened at $142.61 on Friday. Bank of New York Mellon Corporation has a fifty-two week low of $103.11 and a fifty-two week high of $165.84. The firm has a 50-day moving average of $156.34 and a 200 day moving average of $145.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $96.76 billion, a P/E ratio of 16.60, a PEG ratio of 1.12 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, topping the consensus estimate of $2.16 by $0.30. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. On average, research analysts expect that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

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.