Bank of New York Mellon Corporation $BNY Stock: Guyasuta Investment Advisors Inc. Increases Holdings

Key Points

• Institutional ownership increased: Guyasuta Investment Advisors raised its BNY stake by 70.4% in the third quarter to 33,971 shares valued at approximately $4.9 million. Other major investors also boosted holdings, and institutions now own 85.31% of the stock.
• BNY beat third-quarter earnings expectations: The bank reported EPS of $2.37 versus the $2.26 consensus and revenue of $5.68 billion, up 11.7% year over year, supported by higher fee revenue, net interest income and asset balances.
• Insiders sold shares while analysts remain moderately positive: Executives sold 38,840 shares worth about $6.0 million over three months, while Wall Street maintained a consensus “Moderate Buy” rating with an average price target of $162.38.

Guyasuta Investment Advisors Inc. increased its position in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 70.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,971 shares of the bank's stock after buying an additional 14,036 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Bank of New York Mellon were worth $4,913,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BNY. Murphy Middleton Hinkle & Parker Inc. increased its position in shares of Bank of New York Mellon by 231.9% during the 3rd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 7,958 shares of the bank's stock worth $1,151,000 after purchasing an additional 5,560 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Bank of New York Mellon by 5.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 39,350 shares of the bank's stock valued at $5,595,000 after buying an additional 1,919 shares during the period. Assenagon Asset Management S.A. lifted its position in Bank of New York Mellon by 1,305.8% in the third quarter. Assenagon Asset Management S.A. now owns 683,117 shares of the bank's stock valued at $98,799,000 after buying an additional 634,525 shares during the last quarter. Mystic Asset Management Inc. lifted its position in Bank of New York Mellon by 599.3% in the third quarter. Mystic Asset Management Inc. now owns 23,798 shares of the bank's stock valued at $3,442,000 after buying an additional 20,395 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its position in Bank of New York Mellon by 27.4% in the third quarter. Summit Financial Wealth Advisors LLC now owns 7,475 shares of the bank's stock valued at $1,081,000 after buying an additional 1,606 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the business's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jose Minaya sold 3,520 shares of the company'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 transaction of $523,740.80. Following the sale, the vice president owned 176,824 shares in the company, valued at $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. Over the last three months, insiders have sold 38,840 shares of company stock valued at $6,033,502. Corporate insiders own 0.17% of the company's stock.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: Quarterly earnings exceeded expectations. BNY reported third-quarter EPS of $2.37 versus the $2.26 consensus estimate, while revenue reached $5.68 billion, an 11.7% year-over-year increase. Net income attributable to shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based. Higher fee revenue, net interest income and asset balances supported the results, while custody and administration assets reportedly climbed 10% to $63.4 trillion. Rising expenses were a partial offset. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: BNY maintained its shareholder-return appeal. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to eligible shareholders, along with dividends on several preferred series. BNY Declares Dividends
• Positive Sentiment: Strategic and analyst support provided additional positives. BNY completed its first tokenized Treasury repo with Citadel Securities and was upgraded by at least one Seeking Alpha contributor; analysts elsewhere assigned a “Moderate Buy” view. BNY Completes First Tokenized Treasury Repo
• Neutral Sentiment: BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, offering reassurance about the interest-rate environment but no clear near-term earnings catalyst. US 10-year Treasury Yield Levels Not Unprecedented
• Neutral Sentiment: Azerbaijan’s central bank discussed expanding cooperation with BNY, but the report provided no financial terms or measurable earnings impact. Azerbaijan’s CBA Discusses Expanding Cooperation with BNY Mellon
• Negative Sentiment: Although the earnings beat was substantial, the shares fell, suggesting investors may have been taking profits or looking for stronger forward guidance and expense control. The stock remains below its 50-day moving average, indicating continued technical pressure.

Bank of New York Mellon Trading Up 3.4%

BNY opened at $142.29 on Friday. Bank of New York Mellon Corporation has a 12 month low of $103.11 and a 12 month high of $165.84. The stock has a market capitalization of $96.54 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72. The business has a fifty day moving average price of $154.99 and a 200 day moving average price of $146.38.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BNY has been the subject of several research analyst reports. TD Cowen assumed coverage on shares of Bank of New York Mellon in a research note on Thursday, October 8th. They set a "hold" rating and a $160.00 target price for the company. Royal Bank Of Canada boosted their price target on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the company a "sector perform" rating in a research note on Thursday, July 16th. Citigroup decreased their price objective 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. Weiss Ratings cut shares of Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a research report on Thursday, August 13th. Finally, Erste Group Bank assumed coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They set a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Bank of New York Mellon presently has a consensus rating of "Moderate Buy" and an average target price 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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