Bank of New York Mellon Corporation $BNY Shares Purchased by McKinley Carter Wealth Services Inc.

Key Points

• McKinley Carter Wealth Services more than doubled its BNY stake in the third quarter, increasing holdings by 130.6% to 81,555 shares valued at approximately $11.8 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 growth outlook, citing stronger fee revenue, asset growth and artificial-intelligence initiatives.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $164.85 versus the recent share price near $143.25. However, insider selling and uncertainty surrounding AI-related costs remain potential risks.

McKinley Carter Wealth Services Inc. raised its holdings in Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 130.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,555 shares of the bank's stock after buying an additional 46,193 shares during the quarter. McKinley Carter Wealth Services Inc.'s holdings in Bank of New York Mellon were worth $11,795,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. boosted its position in shares of Bank of New York Mellon by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank's stock valued at $1,457,000 after acquiring an additional 77 shares in the last quarter. Cornerstone Financial Management LLC raised its position in Bank of New York Mellon by 11.4% in the second quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank's stock worth $113,000 after purchasing an additional 80 shares in the last quarter. Riversedge Advisors LLC raised its position in Bank of New York Mellon by 3.1% in the third quarter. Riversedge Advisors LLC now owns 3,035 shares of the bank's stock worth $439,000 after purchasing an additional 92 shares in the last quarter. Eastern Bank raised its position in Bank of New York Mellon by 12.4% in the third quarter. Eastern Bank now owns 1,043 shares of the bank's stock worth $151,000 after purchasing an additional 115 shares in the last quarter. Finally, Rockland Trust Co. lifted its stake in Bank of New York Mellon by 7.6% during the third quarter. Rockland Trust Co. now owns 2,542 shares of the bank's stock worth $368,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 85.31% of the company's stock.

More Bank of New York Mellon News

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

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock traded up $1.16 during mid-day trading on Friday, reaching $143.25. 6,080,091 shares of the stock were exchanged, compared to its average volume of 4,283,916. The company has a market cap of $97.20 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $154.70 and a 200 day simple moving average of $146.36. Bank of New York Mellon Corporation has a fifty-two week low of $103.11 and a fifty-two week high of $165.84.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.11. The firm had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. Bank of New York Mellon's quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts predict that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal year.

Insider Activity

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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction that occurred on 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 transaction, the vice president owned 176,824 shares of the company's stock, valued at $26,309,642.96. This trade represents a 1.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,840 shares of company stock worth $6,033,502 over the last ninety days. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

BNY has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Bank of New York Mellon from $159.00 to $161.00 and gave the company an "overweight" rating in a report on Friday, October 2nd. Argus upped their price objective on Bank of New York Mellon from $153.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Zacks Research cut Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Bank of America raised their target price on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Finally, New Street Research set a $182.00 price target on Bank of New York Mellon in a research note on Friday. One research 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's stock. According to data from MarketBeat.com, Bank of New York Mellon currently has an average rating of "Moderate Buy" and a consensus target price of $164.85.

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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