Bank of New York Mellon Corporation $BNY Stock Holdings Increased by HBW Advisory Services LLC

Key Points

• Institutional investors increased their BNY holdings. HBW Advisory Services raised its position by 390.6% to 8,953 shares worth approximately $1.3 million, while several other funds also added shares; institutions collectively own 85.31% of the stock.
• BNY exceeded third-quarter earnings expectations. The bank reported EPS of $2.37 versus the $2.26 consensus, revenue of $5.68 billion, and 11.7% year-over-year revenue growth, supported by higher fee income, net interest income, and asset balances.
• Analysts remain generally positive, but the stock faces pressure. BNY has a “Moderate Buy” consensus rating and an average price target of $162.38, while shares recently traded at $142.29—below their 50-day moving average—and insiders have sold about $6.0 million in stock over the past 90 days.

HBW Advisory Services LLC increased its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 390.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,953 shares of the bank's stock after buying an additional 7,128 shares during the quarter. HBW Advisory Services LLC's holdings in Bank of New York Mellon were worth $1,295,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BNY. Fort Washington Investment Advisors Inc. OH increased its stake in Bank of New York Mellon by 71.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 15,424 shares of the bank's stock worth $2,231,000 after purchasing an additional 6,432 shares in the last quarter. Ashurst Perkins Coie Trust Co raised its holdings in Bank of New York Mellon by 9.8% during the 3rd quarter. Ashurst Perkins Coie Trust Co now owns 2,216 shares of the bank's stock worth $343,000 after buying an additional 197 shares during the period. Mather Group LLC. lifted its stake in Bank of New York Mellon by 340.5% in the third quarter. Mather Group LLC. now owns 41,222 shares of the bank's stock valued at $5,962,000 after buying an additional 31,864 shares in the last quarter. Hudock Inc. lifted its stake in Bank of New York Mellon by 66.9% in the third quarter. Hudock Inc. now owns 5,880 shares of the bank's stock valued at $850,000 after buying an additional 2,356 shares in the last quarter. Finally, First Pacific Financial lifted its stake in Bank of New York Mellon by 9.7% in the third quarter. First Pacific Financial now owns 62,104 shares of the bank's stock valued at $9,548,000 after buying an additional 5,494 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company's stock.

Bank of New York Mellon Price Performance

Shares of BNY opened at $142.29 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Bank of New York Mellon Corporation has a twelve month low of $103.11 and a twelve month high of $165.84. The stock has a market capitalization of $96.54 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.07 and a beta of 1.06. The company has a 50 day moving average of $154.99 and a 200-day moving average of $146.38.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.11. The business had revenue of $5.68 billion for the quarter. 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 was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal year.

Key Bank of New York Mellon News

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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. 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. 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. Wells Fargo & Company boosted their price objective on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. 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, JPMorgan Chase & Co. upped their target price on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the stock an "overweight" rating in a research note on Friday, October 2nd. One research 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 stock. According to MarketBeat.com, Bank of New York Mellon has a consensus rating of "Moderate Buy" and an average price target of $162.38.

Insiders Place Their Bets

In other Bank of New York Mellon news, VP Jose Minaya sold 3,520 shares of the business'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 sale, the vice president directly owned 176,824 shares of the company's stock, valued at $26,309,642.96. The trade was a 1.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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. In the last ninety days, insiders sold 38,840 shares of company stock valued at $6,033,502. 0.17% of the stock is owned by insiders.

About Bank of New York Mellon

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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