Bank of New York Mellon Corporation $BNY Shares Purchased by Mechanics Bank Trust Department

Key Points

• Mechanics Bank Trust Department increased its BNY holdings by 661.1% in the third quarter, reaching 10,845 shares valued at approximately $1.57 million. Institutional investors collectively own 85.31% of the company.
• BNY reported strong quarterly results, with EPS of $2.46 beating estimates of $2.16 and revenue rising 13.3% year over year to $5.70 billion. Analysts expect full-year EPS of approximately $9.27.
• The stock recently traded at $140.99, below its 50-day moving average, while analysts maintain a “Moderate Buy” consensus and an average price target of $162.38; tokenized Treasury and digital-asset custody initiatives provide potential growth opportunities, though expenses and insider selling remain concerns.

Mechanics Bank Trust Department grew its holdings in Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 661.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,845 shares of the bank's stock after purchasing an additional 9,420 shares during the period. Mechanics Bank Trust Department's holdings in Bank of New York Mellon were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BNY. Courier Capital LLC increased its stake in shares of Bank of New York Mellon by 51.2% during the 3rd quarter. Courier Capital LLC now owns 19,142 shares of the bank's stock worth $2,769,000 after purchasing an additional 6,481 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Bank of New York Mellon by 0.8% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank's stock worth $1,457,000 after acquiring an additional 77 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of Bank of New York Mellon by 262.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 14,871 shares of the bank's stock worth $2,151,000 after acquiring an additional 10,765 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Bank of New York Mellon by 40.8% in the 3rd quarter. Avior Wealth Management LLC now owns 8,793 shares of the bank's stock worth $1,272,000 after buying an additional 2,550 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA boosted its position in Bank of New York Mellon by 704.8% in the third quarter. Baldwin Wealth Partners LLC MA now owns 136,188 shares of the bank's stock valued at $19,697,000 after buying an additional 119,266 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Key Bank of New York Mellon News

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

• Positive Sentiment: Tokenized Treasury and repo capabilities: BNY completed a tokenized U.S. Treasury triparty-repo workflow with Citadel Securities. The development highlights BNY’s role in modernizing collateral management and could strengthen its institutional market infrastructure and custody franchise. BNY Completes Tokenized U.S. Treasury Triparty Repo Workflow with Citadel Securities
• Positive Sentiment: Digital-asset expansion: BNY is expanding its digital-asset custody platform to selected institutional clients in the European Union. The initiative could create future fee opportunities and reinforce the bank’s position as traditional financial institutions adopt tokenized assets. BNY Expands Digital Asset Custody Platform to Select Institutional Clients in EU
• Positive Sentiment: Analyst target and earnings estimates: TD Cowen set a $160 price target, implying meaningful upside from recent trading levels. Erste Group Bank also raised its fiscal 2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating, broadly in line with the $9.27 consensus estimate. TD Cowen sets USD 160.00 target for BNY Mellon stock
• Positive Sentiment: Q3 earnings expectations: Analysts expect higher fee income and net interest income, supported by asset growth and stronger client activity, to lift quarterly results. These trends could offset some pressure from rising expenses. Growth in Fee Income, Higher NII Likely to Support BNY's Q3 Earnings
• Neutral Sentiment: Key earnings test: BNY’s upcoming results will be judged against expectations for the quarter ended September 2026, with investors watching operating metrics beyond revenue and EPS. Wall Street's Insights Into Key Metrics Ahead of BNY Q3 Earnings
• Negative Sentiment: Expense and event risk: Higher operating expenses remain a concern, and the stock’s recent trading below its 50-day and 200-day moving averages suggests investors may be waiting for a clear earnings beat or stronger outlook before rebuilding positions.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, VP Jose Minaya sold 3,520 shares of the business's stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the transaction, the vice president directly owned 176,824 shares of the company's stock, valued at approximately $26,309,642.96. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total transaction of $4,937,268.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 38,840 shares of company stock valued at $6,033,502. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on BNY. Keefe, Bruyette & Woods increased their price objective on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. Weiss Ratings lowered Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a research report on Thursday, August 13th. Royal Bank Of Canada raised their price target on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 16th. Citigroup dropped their target price on 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. Finally, Bank of America lifted their price objective on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average price target of $162.38.

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock traded down $1.86 during midday trading on Tuesday, hitting $140.99. 4,542,587 shares of the company traded hands, compared to its average volume of 3,677,163. The stock has a market cap of $95.66 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. The firm's fifty 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 12 month low of $103.11 and a 12 month high of $165.84.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.35 billion. During the same period in the prior year, the company earned $1.93 EPS. Bank of New York Mellon's 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 9.27 earnings per share for the current 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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