Bank of New York Mellon Corporation $BNY Stake Raised by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 11,422.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 461,000 shares of the bank’s stock after acquiring an additional 456,999 shares during the quarter. International Assets Investment Management LLC’s holdings in Bank of New York Mellon were worth $66,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Bank of New York Mellon during the second quarter valued at approximately $8,321,111,000. Bank of America Corp DE purchased a new stake in shares of Bank of New York Mellon during the second quarter worth about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Bank of New York Mellon during the second quarter worth about $1,214,193,000. Wellington Management Group LLP acquired a new position in shares of Bank of New York Mellon in the second quarter worth about $1,175,576,000. Finally, Amundi acquired a new position in shares of Bank of New York Mellon in the second quarter worth about $985,533,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robin Vince sold 9,380 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $147.82, for a total transaction of $1,386,551.60. Following the sale, the chief executive officer owned 575,794 shares of the company’s stock, valued at approximately $85,113,869.08. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the transaction, the vice president owned 173,304 shares of the company’s stock, valued at approximately $25,616,064.24. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 60,560 shares of company stock worth $9,007,119. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

BNY has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Truist Financial decreased their price objective on shares of Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a report on Friday, October 16th. Zacks Research downgraded shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Erste Group Bank started coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. One investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.04.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: JPMorgan raised its price target for BNY from $161.00 to $166.50 and maintained an “overweight” rating. The new target implies approximately 13.2% upside from the referenced share price, potentially supporting investor confidence.
• Positive Sentiment: BNY’s latest quarterly results exceeded expectations: earnings per share reached $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. Analysts expect approximately $9.39 in full-year EPS.
• Positive Sentiment: The company’s expanded collaboration with Ripple in digital-asset custody and tokenized trade finance could create longer-term growth opportunities in institutional custody and transaction services. BNY and Ripple collaboration article
• Neutral Sentiment: BNY trades below the broader analyst consensus target of $164.62, with one Strong Buy, seven Buy and six Hold ratings. However, valuation commentary suggests the shares are close to fair value after a substantial 268% run, limiting the potential for further multiple expansion. BNY valuation analysis
• Neutral Sentiment: Institutional ownership remains high at approximately 85%, and several funds recently increased their positions. This provides a supportive ownership backdrop, though it is not necessarily a new catalyst for the shares.
• Negative Sentiment: CEO Robin Vince sold shares in multiple transactions, including 9,380 shares valued at approximately $1.39 million; reports also cite combined sales of 50,000 shares worth about $7.39 million over October 26–27. Vice President Jose Minaya separately sold 3,520 shares worth approximately $520,000. Although these transactions may be routine or scheduled, the reduction in insider holdings could weigh on sentiment. BNY insider selling report

Bank of New York Mellon Stock Performance

BNY stock opened at $147.02 on Friday. The stock’s fifty day moving average is $151.57 and its two-hundred day moving average is $139.28. The stock has a market capitalization of $99.75 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. Bank of New York Mellon Corporation has a 1 year low of $105.42 and a 1 year high of $165.84.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates 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. The firm’s revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.

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.