7,606 Bank of New York Mellon Corporation $BNY Shares Purchased by Adirondack Trust Co.

Key Points

• Adirondack Trust Co. increased its BNY position by 1,859.7% in the third quarter, acquiring 7,606 additional shares and bringing its holdings to 8,015 shares valued at approximately $1.16 million.
• Institutional investors own 85.31% of BNY, while several firms raised their positions during the quarter. Analysts maintain a “Moderate Buy” consensus with an average price target of $162.38.
• BNY shares recently fell to $135.80, below their 50-day and 200-day moving averages, despite the bank’s latest earnings beating estimates with $2.46 in EPS and $5.70 billion in revenue.

Adirondack Trust Co. increased its position in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 1,859.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,015 shares of the bank's stock after acquiring an additional 7,606 shares during the quarter. Adirondack Trust Co.'s holdings in Bank of New York Mellon were worth $1,159,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Citizens Bank & Trust Co. increased its position in shares of Bank of New York Mellon by 36.5% during the third quarter. First Citizens Bank & Trust Co. now owns 33,884 shares of the bank's stock worth $4,901,000 after purchasing an additional 9,056 shares in the last quarter. MFA Wealth Services lifted its holdings in shares of Bank of New York Mellon by 46.1% during the 3rd quarter. MFA Wealth Services now owns 6,476 shares of the bank's stock valued at $937,000 after purchasing an additional 2,042 shares during the last quarter. Signal Advisors Wealth LLC acquired a new stake in shares of Bank of New York Mellon in the 3rd quarter worth $491,000. Foster Group Inc. boosted its position in shares of Bank of New York Mellon by 69.2% in the 3rd quarter. Foster Group Inc. now owns 3,538 shares of the bank's stock worth $512,000 after purchasing an additional 1,447 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Bank of New York Mellon by 183.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,379 shares of the bank's stock worth $1,946,000 after purchasing an additional 8,006 shares in the last quarter. Institutional investors own 85.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BNY shares. Weiss Ratings downgraded Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a research note on Thursday, August 13th. Argus raised their price target on 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. JPMorgan Chase & Co. boosted their price target on Bank of New York Mellon from $159.00 to $161.00 and gave the stock an "overweight" rating in a research note on Friday, October 2nd. Erste Group Bank initiated coverage on Bank of New York Mellon in a research note on Wednesday, July 15th. They set a "buy" rating on the stock. Finally, TD Cowen started coverage on shares of Bank of New York Mellon in a report on Thursday, October 8th. They set a "hold" rating and a $160.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $162.38.

Insider Buying and Selling

In related news, VP Jose Minaya sold 3,520 shares of the 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 transaction, the vice president owned 176,824 shares in the company, valued at approximately $26,309,642.96. This represents a 1.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total transaction of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is owned by insiders.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: Tokenized Treasury repo milestone: BNY completed its first tokenized U.S. Treasury triparty repo workflow with Citadel Securities in minutes. The transaction highlights BNY’s ability to use distributed-ledger technology to improve the speed and efficiency of institutional financing markets. BNY Completes First Tokenized Treasury Repo with Citadel Securities in Minutes
• Positive Sentiment: Digital-asset expansion: BNY is expanding its digital-asset custody platform to selected institutional clients in the European Union, supporting its positioning as a provider of custody and servicing infrastructure for the growing institutional crypto market. BNY Expands Digital Asset Custody Platform to Select Institutional Clients in EU
• Positive Sentiment: Analyst support: Wall Street analysts now rate BNY “Moderate Buy,” while TD Cowen set a $160 price target. Erste Group also modestly raised its fiscal 2026 EPS estimate to $9.26 and maintained a Buy rating. BNY Stock Now Rated Moderate Buy TD Cowen Sets $160 Target
• Neutral Sentiment: Earnings ahead: Analysts expect third-quarter results to benefit from higher fee income, net interest income, asset growth and client activity. However, rising expenses could limit the earnings upside. BNY previously exceeded estimates with strong revenue and EPS growth, raising expectations for the next report. Growth in Fee Income and Higher NII Likely to Support BNY’s Q3 Earnings
• Negative Sentiment: Near-term uncertainty: Investors appear focused on the upcoming earnings test and the possibility that expense pressures or less favorable trading conditions could offset BNY’s fee-income and digital-growth initiatives.

Bank of New York Mellon Stock Performance

BNY traded down $5.23 on Wednesday, reaching $135.80. 3,373,683 shares of the stock were exchanged, compared to its average volume of 3,673,889. The company's 50-day moving average price is $155.74 and its 200 day moving average price is $146.04. 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 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 capitalization of $92.14 billion, a PE ratio of 15.81, a PEG ratio of 1.11 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.30. 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 $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the business earned $1.93 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal 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.

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