Baker Ellis Asset Management LLC Acquires 22,807 Shares of Bank of New York Mellon Corporation $BNY

Key Points

• Baker Ellis Asset Management increased its BNY stake by 422.4% in the third quarter, purchasing 22,807 shares to bring its holdings to 28,206 shares valued at approximately $4.08 million.
• Institutional ownership remains high at 85.31%, while analysts maintain a “Moderate Buy” consensus with an average price target of $162.38; recent targets include TD Cowen’s $160 and Keefe, Bruyette & Woods’ $177.
• BNY’s latest quarterly results exceeded expectations, with EPS of $2.46 versus a $2.16 estimate and revenue of $5.70 billion, but the stock recently fell 2.4% to $137.67 amid earnings-related scrutiny and insider selling.

Baker Ellis Asset Management LLC lifted its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 422.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,206 shares of the bank's stock after buying an additional 22,807 shares during the quarter. Baker Ellis Asset Management LLC's holdings in Bank of New York Mellon were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission.

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

Key Stories Impacting Bank of New York Mellon

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

• Positive Sentiment: BNY completed its first tokenized U.S. Treasury triparty repo workflow with Citadel Securities, reportedly settling the transaction in minutes. The initiative could improve collateral mobility and transaction efficiency while strengthening BNY’s position in institutional digital-asset infrastructure. BNY Completes First Tokenized Treasury Repo with Citadel Securities in Minutes
• Positive Sentiment: Wall Street analysts now collectively rate BNY “Moderate Buy,” indicating a generally favorable view of the stock’s earnings outlook and valuation. BNY Stock Now Rated Moderate Buy
• Positive Sentiment: TD Cowen set a $160 price target, suggesting potential upside from recent trading levels. Erste Group also raised its FY2026 EPS forecast to $9.26 from $9.24 and maintained a Buy rating, broadly in line with the $9.28 consensus estimate. TD Cowen Sets Price Target
• Neutral Sentiment: Reports highlighted separate efforts by Citadel Securities and BNY to advance tokenized U.S. Treasury markets, reinforcing the strategic importance of the partnership but offering limited near-term financial impact. Citadel and BNY Advance Tokenized Treasury Initiatives
• Negative Sentiment: BNY faces heightened scrutiny ahead of earnings as investors assess whether recent strong results—including prior-period revenue growth and an EPS beat—can be sustained. This near-term uncertainty may be weighing on the stock. BNY Faces Earnings Test

Analysts Set New Price Targets

Several brokerages have recently weighed in on BNY. Keefe, Bruyette & Woods upped their price objective on Bank of New York Mellon from $166.00 to $177.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. TD Cowen started coverage on shares of Bank of New York Mellon in a research report on Thursday, October 8th. They issued a "hold" rating and a $160.00 target price for the company. Zacks Research downgraded shares of Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Weiss Ratings cut 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. Finally, Citigroup lowered their price target on shares of Bank of New York Mellon from $172.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.38.

Insider Activity

In other news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon 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 legal filing with the SEC, which is available through this link. Also, 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 transaction of $523,740.80. Following the sale, the vice president owned 176,824 shares in the company, valued at approximately $26,309,642.96. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,840 shares of company stock valued at $6,033,502 over the last 90 days. Corporate insiders own 0.17% of the company's stock.

Bank of New York Mellon Trading Down 2.4%

BNY traded down $3.36 during mid-day trading on Wednesday, reaching $137.67. The stock had a trading volume of 7,565,210 shares, compared to its average volume of 3,696,894. The firm's fifty day simple moving average is $155.74 and its two-hundred day simple moving average is $146.04. The stock has a market capitalization of $93.41 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.11 and a beta of 1.06. Bank of New York Mellon Corporation has a 52 week low of $103.11 and a 52 week high of $165.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.30. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The company's revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.93 earnings per share. On average, equities analysts predict that Bank of New York Mellon Corporation will post 9.28 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.

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