Nvwm LLC raised its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 34,203.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,605 shares of the bank’s stock after purchasing an additional 9,577 shares during the quarter. Nvwm LLC’s holdings in Bank of New York Mellon were worth $1,389,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of BNY. BlackRock Inc. acquired a new stake in Bank of New York Mellon in the second quarter worth $8,321,111,000. Bank of America Corp DE acquired a new position in shares of Bank of New York Mellon in the 2nd quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bank of New York Mellon during the 2nd quarter worth $1,214,193,000. Wellington Management Group LLP acquired a new stake in Bank of New York Mellon during the 2nd quarter worth $1,175,576,000. Finally, Amundi bought 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 institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Truist Financial dropped their price target 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 lifted their price target on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Zacks Research cut shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. JPMorgan Chase & Co. increased their price objective on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, October 2nd. Finally, Weiss Ratings downgraded shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.38.
Read Our Latest Stock Report on BNY
Key Stories Impacting Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: Quarterly earnings beat expectations: BNY reported third-quarter net income attributable to shareholders of $1.61 billion, or $2.34 per share, compared with $1.34 billion, or $1.88 per share, a year earlier. Another reported figure showed adjusted EPS of $2.37 and revenue of $5.68 billion, supporting the view that profitability and operating performance remain strong. Bank of New York Mellon Logs Higher Profit, Sales BNY Q3 earnings beat, driven by fee revenue growth, solid NII
- Positive Sentiment: Fee revenue was a key growth driver: Fee revenue increased approximately 12%, while net interest income remained solid. The result marked BNY’s fourth consecutive quarterly earnings beat, reinforcing the investment case for its asset-servicing and financial-services businesses. BNY Mellon Q3 2026: Four Straight Beats as Fee Revenue Jumps 12%
- Positive Sentiment: Dividend maintained: BNY declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to eligible shareholders. The announcement supports income appeal and signals continued capital-return capacity. BNY Declares Dividends
- Positive Sentiment: Tokenization initiative advances: BNY completed a tokenized U.S. Treasury triparty-repo workflow with Citadel Securities in minutes, potentially strengthening its role in digital collateral and institutional market infrastructure. BNY Completes Tokenized U.S. Treasury Triparty Repo Workflow with Citadel Securities
- Neutral Sentiment: BNY’s chief executive said current 10-year Treasury yield levels are not unprecedented, offering context for interest-rate-sensitive investors but no clear near-term earnings catalyst. US 10-year Treasury yield levels not unprecedented, BNY CEO says
- Neutral Sentiment: Analyst sentiment remains constructive, with Wall Street carrying a “Moderate Buy” view and TD Cowen setting a $160 price target, although the stock’s reaction suggests results may already have been largely anticipated. BNY Stock Rated Moderate Buy
Bank of New York Mellon Stock Performance
Shares of Bank of New York Mellon stock opened at $137.67 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $93.41 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The stock’s 50-day moving average is $155.31 and its 200-day moving average is $146.19. Bank of New York Mellon Corporation has a one year low of $103.11 and a one year high of $165.84.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The business had revenue of $5.68 billion during the quarter. Equities analysts predict that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, 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 value of $523,740.80. Following the sale, the vice president directly owned 176,824 shares in the company, valued at $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was 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. In the last ninety days, insiders have sold 38,840 shares of company stock valued at $6,033,502. Insiders own 0.17% of the company’s stock.
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.
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