Bank of New York Mellon Corporation $BNY Stock: Mather Group LLC. Boosts Position

Key Points

• Mather Group LLC increased its BNY position by 340.5% in the third quarter, bringing its holdings to 41,222 shares valued at approximately $5.96 million. Institutional investors collectively own 85.31% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $162.38, despite differing individual targets and ratings.
• BNY reported quarterly EPS of $2.37, beating the $2.26 consensus estimate, while revenue rose 11.7% year over year to $5.68 billion. The company also declared a $0.63 quarterly dividend.

Mather Group LLC. raised its holdings in Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 340.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,222 shares of the bank's stock after purchasing an additional 31,864 shares during the period. Mather Group LLC.'s holdings in Bank of New York Mellon were worth $5,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BNY. Luken Investment Analytics LLC purchased a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $27,000. EFG International AG purchased a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $29,000. Burnham & Co LLC purchased a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $32,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Bank of New York Mellon during the 2nd quarter valued at $35,000. Institutional investors own 85.31% of the company's stock.

Analysts Set New Price Targets

BNY has been the topic of several recent research reports. Bank of America increased 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. Erste Group Bank started coverage on Bank of New York Mellon in a report on Wednesday, July 15th. They issued a "buy" rating for the company. 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 decreased 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 research note on Monday, October 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Bank of New York Mellon from $166.00 to $177.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. One research 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 MarketBeat, Bank of New York Mellon presently has an average rating of "Moderate Buy" and a consensus target price of $162.38.

Bank of New York Mellon Trading Up 3.4%

Shares of Bank of New York Mellon stock opened at $142.29 on Friday. The company's 50-day moving average price is $154.99 and its 200-day moving average price is $146.38. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. Bank of New York Mellon Corporation has a 12-month low of $103.11 and a 12-month high of $165.84. The company has a market cap of $96.54 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, beating the consensus estimate of $2.26 by $0.11. The company had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current fiscal year.

More 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.

Insider Activity at Bank of New York Mellon

In other Bank of New York Mellon news, VP Jose Minaya sold 3,520 shares of the firm's stock in a transaction on Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the completion of the transaction, the vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the firm's stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,840 shares of company stock worth $6,033,502 over the last quarter. Corporate insiders own 0.17% of the company's stock.

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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