Bank of New York Mellon Corporation $BNY Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its BNY stake by 1,305.8% in the third quarter, acquiring 634,525 additional shares to hold 683,117 shares valued at approximately $98.8 million. Institutional investors collectively own 85.31% of the company.
• BNY exceeded third-quarter earnings expectations, reporting $2.37 in EPS versus the $2.26 consensus and $5.68 billion in revenue, up 11.7% year over year. Management also raised its 2026 growth outlook, citing fee growth, artificial intelligence adoption and strong securities-services momentum.
• Analyst sentiment remains moderately bullish, but risks persist. The stock has a consensus “Moderate Buy” rating with an average price target of $164.85, while undisclosed AI-related costs, rising expenses and recent insider selling could weigh on returns.

Assenagon Asset Management S.A. grew its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 1,305.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 683,117 shares of the bank's stock after purchasing an additional 634,525 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.10% of Bank of New York Mellon worth $98,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of BNY. Luken Investment Analytics LLC acquired a new position in Bank of New York Mellon in the second quarter valued at $27,000. Burnham & Co LLC purchased a new position in shares of Bank of New York Mellon during the second quarter worth about $29,000. EFG International AG purchased a new position in shares of Bank of New York Mellon during the second quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new position in Bank of New York Mellon in the 2nd quarter valued at about $32,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Bank of New York Mellon in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Bank of New York Mellon News Roundup

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. BNY reported quarterly earnings of approximately $2.37 per share, above the $2.26 analyst consensus, while revenue reached $5.68 billion, up 11.7% year over year. Net income and EPS rose sharply, supported by higher fee revenue, net interest income and expanding asset balances. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: Management raised its outlook. BNY increased its 2026 revenue-growth and operating-leverage expectations, citing strong operating momentum, adoption of artificial intelligence and growth across securities services. Assets under custody and administration reportedly reached $63.4 trillion, reinforcing the company’s scale advantage. BNY Q3 Earnings Call Highlights Raised Outlook and AI Push
• Positive Sentiment: Shareholder returns and strategic initiatives support sentiment. BNY declared a $0.63 quarterly common-stock dividend, and the company announced the VeriCORE initiative with SFA and Snapdocs to modernize asset-backed-securities market infrastructure. BNY Declares Dividends
• Neutral Sentiment: Truist remains bullish but reduced its price target. Truist maintained a “buy” rating while lowering its target from $172 to $165, suggesting continued upside but also a more cautious valuation outlook.
• Neutral Sentiment: CEO Robin Vince said a potential 5.25% 10-year Treasury yield would not be historically unusual. The comments may ease concerns about interest-rate conditions, but they do not materially change BNY’s earnings outlook. US 10-year Treasury Yield Levels Not Unprecedented
• Negative Sentiment: Expenses and AI investment remain risks. Although AI is being embedded throughout the business, BNY has not disclosed the associated costs. Rising expenses could limit the benefit of revenue growth and operating leverage. While Embedding AI Everywhere, BNY Won't Disclose Costs

Insider Activity at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the company's 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 trade represents a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,840 shares of company stock worth $6,033,502 over the last 90 days. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on BNY shares. Barclays upped their price objective 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. Royal Bank Of Canada boosted their target price on Bank of New York Mellon from $142.00 to $168.00 and gave the company a "sector perform" rating in a report on Thursday, July 16th. Weiss Ratings cut Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a research note on Thursday, August 13th. Citigroup decreased their price target on Bank of New York Mellon from $172.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, October 5th. Finally, New Street Research set a $182.00 price objective on shares of Bank of New York Mellon in a research note on Friday. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.85.

Bank of New York Mellon Trading Up 0.8%

NYSE:BNY opened at $143.25 on Friday. The business's 50-day moving average is $154.70 and its two-hundred day moving average is $146.36. The firm has a market capitalization of $97.20 billion, a PE ratio of 15.51, 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 debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company had revenue of $5.68 billion for the quarter. The company's quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts predict that Bank of New York Mellon Corporation will post 9.28 earnings per share 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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