Bank of New York Mellon Corporation $BNY Position Lifted by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its BNY position by 36.5% in the third quarter, bringing its holdings to 33,884 shares valued at approximately $4.9 million. Institutional investors collectively own 85.31% of the company.
• BNY reported a strong quarter, with EPS of $2.46 beating estimates by $0.30 and revenue rising 13.3% year over year to $5.70 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $162.38.
• The company is expanding its digital-market capabilities after completing its first tokenized U.S. Treasury triparty repo workflow with Citadel Securities, while insiders sold approximately $6.0 million in stock during the latest quarter.

First Citizens Bank & Trust Co. raised its position in Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 36.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,884 shares of the bank's stock after purchasing an additional 9,056 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Bank of New York Mellon were worth $4,901,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Focus Partners Advisor Solutions LLC acquired a new position in Bank of New York Mellon in the second quarter valued at approximately $1,128,000. Northwestern Mutual Wealth Management Co. purchased a new position in Bank of New York Mellon in the second quarter worth approximately $13,234,000. Engineers Gate Manager LP acquired a new stake in Bank of New York Mellon during the second quarter worth $1,264,000. Corient Private Wealth LP acquired a new stake in Bank of New York Mellon during the second quarter worth $48,434,000. Finally, HB Wealth Management LLC acquired a new stake in Bank of New York Mellon during the second quarter worth $6,238,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Bank of New York Mellon Stock Performance

Shares of BNY opened at $137.67 on Thursday. The company's 50 day simple moving average is $155.31 and its 200-day simple moving average is $146.19. The firm has a market cap of $93.41 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. Bank of New York Mellon Corporation has a 12-month low of $103.11 and a 12-month high of $165.84. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76.

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

Bank of New York Mellon News Roundup

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 in minutes. The transaction highlights BNY’s ability to provide faster, blockchain-enabled collateral and financing infrastructure, potentially strengthening its position in digital asset servicing and institutional markets. BNY Completes First Tokenized Treasury Repo with Citadel Securities in Minutes
• Positive Sentiment: Analysts now rate BNY “Moderate Buy”, indicating that Wall Street’s overall view remains favorable. Bank of New York Mellon Corporation Stock Now Rated Moderate Buy
• Positive Sentiment: TD Cowen set a $160 price target, implying analysts see potential upside from recent trading levels. Erste Group Bank also raised its FY2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating; the estimate is close to the $9.28 consensus. TD Cowen Sets $160 Target Erste Group Bank EPS Estimate Update
• Neutral Sentiment: Reports highlighted that BNY faces an upcoming earnings test. The bank’s prior quarter was strong, with revenue up 13.3% year over year and EPS exceeding estimates, but investors will look for continued growth to support the valuation. BNY Mellon Faces Earnings Test
• Neutral Sentiment: Separate reports noted BNY Mellon’s after-hours trading level and its tokenized Treasury initiatives with Citadel Securities, but provided limited new information on near-term earnings or revenue. Citadel Securities and BNY Tokenized Treasury Initiatives

Insider Activity

In other news, VP Jose Minaya sold 3,520 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,840 shares of company stock valued at $6,033,502 in the last quarter. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

BNY has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. Truist Financial reduced their price target on shares of Bank of New York Mellon from $178.00 to $172.00 and set a "buy" rating on the stock in a research note on Friday, September 25th. Zacks Research lowered shares of Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Argus increased their price objective on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Finally, Barclays increased their price objective on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $162.38.

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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