Bank of New York Mellon Corporation $BNY Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Position

Key Points

• Virginia Retirement Systems reduced its BNY stake by 11.9% in the third quarter, selling 58,500 shares and retaining 432,309 shares worth approximately $62.5 million. Other institutional investors increased their positions, and institutions collectively own 85.31% of the stock.
• BNY reported stronger-than-expected quarterly results, with EPS of $2.37 versus the $2.26 consensus and revenue of $5.68 billion, up 11.7% year over year. Analysts expect about $9.39 in full-year EPS.
• Insiders have been net sellers, including CEO Robin Vince, who sold 40,620 shares, while Vice President Jose Minaya sold 3,520 shares; insiders sold 60,560 shares worth roughly $9.0 million over three months. Despite this, analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target near $165.

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 432,309 shares of the bank's stock after selling 58,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of Bank of New York Mellon worth $62,525,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC boosted its stake in shares of Bank of New York Mellon by 14.1% during the 3rd quarter. Parcion Private Wealth LLC now owns 3,910 shares of the bank's stock worth $566,000 after acquiring an additional 483 shares in the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of Bank of New York Mellon by 113.5% in the 3rd quarter. Soltis Investment Advisors LLC now owns 6,658 shares of the bank's stock worth $963,000 after acquiring an additional 3,539 shares during the period. Choreo LLC increased its stake in Bank of New York Mellon by 5.9% in the 3rd quarter. Choreo LLC now owns 50,138 shares of the bank's stock valued at $7,252,000 after purchasing an additional 2,804 shares in the last quarter. Interchange Capital Partners LLC increased its stake in Bank of New York Mellon by 13.0% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,578 shares of the bank's stock valued at $517,000 after purchasing an additional 411 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Bank of New York Mellon by 7.3% in the 3rd quarter. D.A. Davidson & CO. now owns 10,703 shares of the bank's stock valued at $1,548,000 after purchasing an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company's stock.

Insiders Place Their Bets

In related news, CEO Robin Vince sold 40,620 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $147.81, for a total transaction of $6,004,042.20. Following the transaction, the chief executive officer directly owned 585,174 shares in the company, valued at approximately $86,494,568.94. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the firm's stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the completion of the sale, the vice president directly owned 173,304 shares in the company, valued at approximately $25,616,064.24. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 60,560 shares of company stock worth $9,007,119. Corporate insiders own 0.17% of the company's stock.

Bank of New York Mellon Price Performance

NYSE:BNY opened at $147.02 on Friday. The firm has a market cap of $99.75 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The company's 50-day moving average is $151.57 and its two-hundred day moving average is $139.28. Bank of New York Mellon Corporation has a 12-month low of $105.42 and a 12-month high of $165.84.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last announced its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.11. The firm had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: JPMorgan raised its price target for BNY from $161.00 to $166.50 and maintained an “overweight” rating. The new target implies approximately 13.2% upside from the referenced share price, potentially supporting investor confidence.
• Positive Sentiment: BNY’s latest quarterly results exceeded expectations: earnings per share reached $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. Analysts expect approximately $9.39 in full-year EPS.
• Positive Sentiment: The company’s expanded collaboration with Ripple in digital-asset custody and tokenized trade finance could create longer-term growth opportunities in institutional custody and transaction services. BNY and Ripple collaboration article
• Neutral Sentiment: BNY trades below the broader analyst consensus target of $164.62, with one Strong Buy, seven Buy and six Hold ratings. However, valuation commentary suggests the shares are close to fair value after a substantial 268% run, limiting the potential for further multiple expansion. BNY valuation analysis
• Neutral Sentiment: Institutional ownership remains high at approximately 85%, and several funds recently increased their positions. This provides a supportive ownership backdrop, though it is not necessarily a new catalyst for the shares.
• Negative Sentiment: CEO Robin Vince sold shares in multiple transactions, including 9,380 shares valued at approximately $1.39 million; reports also cite combined sales of 50,000 shares worth about $7.39 million over October 26–27. Vice President Jose Minaya separately sold 3,520 shares worth approximately $520,000. Although these transactions may be routine or scheduled, the reduction in insider holdings could weigh on sentiment. BNY insider selling report

Analysts Set New Price Targets

Several brokerages recently issued reports on BNY. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Bank of New York Mellon in a report on Friday, October 16th. TD Cowen initiated coverage on Bank of New York Mellon in a report on Thursday, October 8th. They issued a "hold" rating and a $160.00 target price on the stock. Argus raised their price target on Bank of New York Mellon from $153.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings downgraded Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a research note on Thursday, August 13th. Finally, Barclays boosted 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. One investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.04.

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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