Bank of New York Mellon Corporation $BNY Stock Holdings Raised by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its BNY holdings by 88.7% in the third quarter, reaching 16,766 shares valued at approximately $2.43 million. Institutional investors collectively own 85.31% of the company.
• BNY reported quarterly EPS of $2.46, beating estimates of $2.16, while revenue rose 13.3% year over year to $5.70 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $162.38.
• Company insiders sold 38,840 shares worth roughly $6.03 million over the past three months, while BNY shares were recently trading at $142.61—below the analyst consensus target but below the 52-week high of $165.84.

Wedmont Private Capital raised its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 88.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,766 shares of the bank's stock after purchasing an additional 7,880 shares during the quarter. Wedmont Private Capital's holdings in Bank of New York Mellon were worth $2,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Bank of New York Mellon in the second quarter valued at approximately $8,321,111,000. Bank of America Corp DE purchased a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Bank of New York Mellon in the 2nd quarter worth approximately $1,214,193,000. Wellington Management Group LLP bought a new position in Bank of New York Mellon in the 2nd quarter worth approximately $1,175,576,000. Finally, Amundi purchased a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $985,533,000. Institutional investors own 85.31% of the company's stock.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president owned 176,824 shares of the company's stock, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 38,840 shares of company stock valued at $6,033,502 in the last three months. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BNY has been the topic of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods lifted their price target on Bank of New York Mellon from $166.00 to $177.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. Barclays lifted their price target on Bank of New York Mellon from $149.00 to $178.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Citigroup dropped their price objective 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, Royal Bank Of Canada raised their target price on 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Bank of New York Mellon presently has an average rating of "Moderate Buy" and a consensus price target of $162.38.

Bank of New York Mellon Stock Performance

NYSE BNY opened at $142.61 on Friday. Bank of New York Mellon Corporation has a 1 year low of $103.11 and a 1 year high of $165.84. 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 stock has a market capitalization of $96.76 billion, a PE ratio of 16.60, a P/E/G ratio of 1.12 and a beta of 1.06. The company's 50 day simple moving average is $156.34 and its two-hundred day simple moving average is $145.49.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last released 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. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 EPS. Analysts predict that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current fiscal year.

Key Headlines Impacting Bank of New York Mellon

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

• Positive Sentiment: BNY is expected to report year-over-year earnings growth in its upcoming quarterly results. Zacks highlighted the company’s strong history of earnings surprises and favorable conditions for another potential beat. Can BNY Keep the Earnings Surprise Streak Alive?
• Positive Sentiment: The bank is expanding regulated digital-asset custody services across the European Union under the Markets in Crypto-Assets framework. The move strengthens BNY’s position in institutional crypto infrastructure and could create additional long-term fee opportunities. BNY Expands Digital Asset Custody in Europe
• Positive Sentiment: TD Cowen initiated coverage with a “hold” rating and a $160 price target, implying meaningful potential appreciation from the level cited in the report. While not a bullish rating, the target suggests the shares may be undervalued after their recent weakness.
• Neutral Sentiment: Analyst commentary covering BNY and other financial companies offered additional perspective but did not signal a clear change in the company’s outlook. Analysts Offer Insights on Financial Companies
• Neutral Sentiment: BNY reportedly sold 21.24 million shares of Indonesia’s Telkom Indonesia, a portfolio transaction whose direct effect on BNY’s earnings and stock valuation is unclear. BNY Sells TLKM Shares
• Negative Sentiment: Analysts have trimmed BNY’s fair value estimates, indicating some recalibration of valuation expectations and potentially contributing to pressure on the shares. BNY Stock Gets Fair Value Trim

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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