Bank of New York Mellon (NYSE:BNY) Price Target Cut to $165.00 by Analysts at Truist Financial

Key Points

• Truist Financial lowered its price target for BNY from $172 to $165 while maintaining a “buy” rating, implying roughly 16% upside from the previous close.
• Analyst sentiment remains favorable overall, with a consensus “Moderate Buy” rating and an average price target of $161.85, despite some recent downgrades.
• BNY reported quarterly EPS of $2.37, beating the $2.26 consensus estimate, while revenue rose 11.7% year over year to $5.68 billion.

Bank of New York Mellon (NYSE:BNY - Get Free Report) had its price objective reduced by investment analysts at Truist Financial from $172.00 to $165.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. Truist Financial's price target would indicate a potential upside of 15.96% from the stock's previous close.

Several other research firms have also weighed in on BNY. Argus increased their target price on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Barclays boosted their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. 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. Erste Group Bank initiated coverage on shares of Bank of New York Mellon in a research note on Wednesday, July 15th. They issued a "buy" rating on the stock. Finally, Zacks Research cut shares of Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.85.

Bank of New York Mellon Price Performance

Shares of BNY stock opened at $142.29 on Friday. Bank of New York Mellon has a 12 month low of $103.11 and a 12 month high of $165.84. The firm has a market cap of $96.54 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $154.99 and a 200 day moving average price of $146.38.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last released 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 15.52% and a return on equity of 16.00%. The firm's revenue was up 11.7% on a year-over-year basis. Research analysts expect that Bank of New York Mellon will post 9.28 EPS for the current year.

Insider Buying and Selling at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the business's stock in a transaction 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 filing with the SEC, which is available through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the company's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $148.79, for a total transaction 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 disclosure for this sale is available in the SEC filing. Insiders sold 38,840 shares of company stock valued at $6,033,502 over the last three months. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Luken Investment Analytics LLC bought a new position in Bank of New York Mellon during the second quarter worth about $27,000. EFG International AG bought a new stake in Bank of New York Mellon in the second quarter valued at approximately $29,000. Burnham & Co LLC bought a new stake in Bank of New York Mellon in the second quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at approximately $32,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Bank of New York Mellon in the second quarter valued at about $35,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: Quarterly earnings exceeded expectations. BNY reported third-quarter revenue of approximately $5.68 billion, up 11.7% year over year, while adjusted EPS was reported at $2.34-$2.37 versus the $2.26 analyst consensus. Net income applicable to shareholders increased to $1.61 billion from $1.34 billion a year earlier. BNY Reports Third Quarter 2026 Results
• Positive Sentiment: Core revenue trends were favorable. Higher fee revenue, growth in net interest income and rising asset balances supported the earnings beat. Custody and administration assets reportedly reached $63.4 trillion, up 10% from the prior year, reinforcing BNY’s scale in asset servicing. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: BNY maintained shareholder distributions. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to shareholders of record October 26, along with dividends on several preferred-stock series. BNY Declares Dividends
• Neutral Sentiment: CEO Robin Vince said current 10-year Treasury yield levels are not unprecedented, suggesting the market environment remains manageable, although interest-rate trends will continue to affect net interest income and investment activity. US 10-year Treasury Yield Levels Not Unprecedented
• Positive Sentiment: BNY completed a tokenized Treasury repurchase transaction with Citadel Securities in minutes, highlighting potential progress in blockchain-based settlement and institutional-market infrastructure. BNY Completes First Tokenized Treasury Repo
• Negative Sentiment: AI spending remains a concern. BNY said it is embedding AI across the organization but did not disclose the associated costs. The lack of visibility into investment levels and potential returns may have contributed to the negative share-price reaction despite the earnings beat. BNY AI Spending Costs

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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