24,457 Shares in Bank of New York Mellon Corporation $BNY Acquired by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp. acquired 24,457 BNY shares worth approximately $3.54 million in the third quarter. Institutional investors collectively own 85.31% of the stock.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $162.38, although some firms have recently lowered targets or downgraded the shares to “Hold.”
• BNY recently exceeded quarterly earnings and revenue expectations, while the stock traded near $142.62—below its 50-day moving average but above its 12-month low.

Toth Financial Advisory Corp purchased a new position in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,457 shares of the bank's stock, valued at approximately $3,537,000.

A number of other hedge funds have also recently made changes to their positions in BNY. Focus Partners Advisor Solutions LLC bought a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $1,128,000. Northwestern Mutual Wealth Management Co. purchased a new position in Bank of New York Mellon during the second quarter valued at $13,234,000. Engineers Gate Manager LP bought a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at $1,264,000. Corient Private Wealth LP purchased a new stake in shares of Bank of New York Mellon in the 2nd quarter worth about $48,434,000. Finally, HB Wealth Management LLC purchased a new position in Bank of New York Mellon during the 2nd quarter valued at about $6,238,000. 85.31% of the stock is currently owned by institutional investors.

Key Headlines Impacting Bank of New York Mellon

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

• Positive Sentiment: Wall Street expects BNY to deliver year-over-year earnings growth next week, and Zacks says the company has factors that could support an earnings beat. Strong results could reinforce the stock’s long-term momentum. BNY Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Barclays reaffirmed its “buy” rating, indicating continued confidence in BNY’s earnings outlook and valuation. Barclays Reaffirms Its Buy Rating
• Neutral Sentiment: TD Cowen initiated coverage with a “hold” rating and a $160 price target. The target implies meaningful upside from recent trading levels, but the neutral rating suggests the firm sees a balanced risk-reward profile.
• Neutral Sentiment: Options-market activity has drawn attention ahead of earnings, but the available report does not establish whether traders are positioning for a sustained rally or increased volatility. Options Market Activity in BNY
• Negative Sentiment: Analysts have trimmed fair-value estimates and price targets, with coverage citing recalibrated expectations and a view that the stock may already reflect higher third-quarter earnings forecasts. This reduces the potential for further near-term gains. BNY Stock Gets Fair Value Trim
• Negative Sentiment: The stock has declined ahead of results despite a fund adding shares, suggesting broader profit-taking or caution may be outweighing that buying activity. BNY Mellon Stock Falls as Fund Adds Shares

Analyst Ratings Changes

A number of equities research analysts have weighed in on BNY shares. Weiss Ratings cut shares of Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a report on Thursday, August 13th. Bank of America lifted their price objective on Bank of New York Mellon from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Wells Fargo & Company increased their target price on Bank of New York Mellon from $152.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. Zacks Research downgraded Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Finally, Truist Financial lowered their price target on Bank of New York Mellon from $178.00 to $172.00 and set a "buy" rating for the company in a research report on Friday, September 25th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $162.38.

Insider Buying and Selling

In other news, VP Jose Minaya sold 3,520 shares of the firm's stock in a transaction on Monday, September 28th. The stock was 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 in the company, valued at $26,309,642.96. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 38,840 shares of company stock valued at $6,033,502. 0.17% of the stock is currently owned by insiders.

Bank of New York Mellon Stock Performance

NYSE:BNY traded down $0.10 during mid-day trading on Thursday, reaching $142.62. The company's stock had a trading volume of 1,352,503 shares, compared to its average volume of 3,674,140. Bank of New York Mellon Corporation has a 12-month low of $103.11 and a 12-month high of $165.84. The firm's fifty day moving average price is $156.87 and its two-hundred day moving average price is $145.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock has a market cap of $96.77 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the firm posted $1.93 EPS. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts forecast that Bank of New York Mellon Corporation will post 9.28 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.

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