NorthCrest Asset Manangement LLC Purchases 10,765 Shares of Bank of New York Mellon Corporation $BNY

Key Points

• NorthCrest Asset Management increased its BNY holdings by 262.2% in the third quarter, purchasing 10,765 additional shares for a total position of 14,871 shares valued at approximately $2.15 million. Institutional investors collectively own 85.31% of the company.
• Analysts maintain a favorable outlook, with BNY holding a consensus “Moderate Buy” rating and an average price target of $162.38, although some firms recently downgraded their ratings to “Hold.”
• BNY recently surpassed quarterly earnings and revenue expectations, reporting $2.46 in EPS and $5.70 billion in revenue, while its tokenized U.S. Treasury repo transaction with Citadel Securities highlights its expansion into blockchain-enabled financial services.

NorthCrest Asset Manangement LLC lifted its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 262.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,871 shares of the bank's stock after buying an additional 10,765 shares during the period. NorthCrest Asset Manangement LLC's holdings in Bank of New York Mellon were worth $2,151,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BNY shares. Weiss Ratings lowered 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. JPMorgan Chase & Co. boosted their price target on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, October 2nd. Erste Group Bank initiated coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They set a "buy" rating on the stock. Bank of America upped their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Finally, Zacks Research cut shares of Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.38.

Bank of New York Mellon Price Performance

BNY stock opened at $137.67 on Thursday. Bank of New York Mellon Corporation has a one year low of $103.11 and a one year high of $165.84. The firm has a 50-day moving average of $155.31 and a two-hundred day moving average of $146.19. The firm has a market capitalization of $93.41 billion, a PE ratio of 16.03, a P/E/G ratio of 1.10 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 0.76.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last released its earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm posted $1.93 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts forecast that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

Bank of New York Mellon News Summary

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

• Positive Sentiment: BNY completed its first tokenized U.S. Treasury triparty repo workflow with Citadel Securities in minutes. The transaction highlights BNY’s ability to provide faster, blockchain-enabled collateral and financing infrastructure, potentially strengthening its position in digital asset servicing and institutional markets. BNY Completes First Tokenized Treasury Repo with Citadel Securities in Minutes
• Positive Sentiment: Analysts now rate BNY “Moderate Buy”, indicating that Wall Street’s overall view remains favorable. Bank of New York Mellon Corporation Stock Now Rated Moderate Buy
• Positive Sentiment: TD Cowen set a $160 price target, implying analysts see potential upside from recent trading levels. Erste Group Bank also raised its FY2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating; the estimate is close to the $9.28 consensus. TD Cowen Sets $160 Target Erste Group Bank EPS Estimate Update
• Neutral Sentiment: Reports highlighted that BNY faces an upcoming earnings test. The bank’s prior quarter was strong, with revenue up 13.3% year over year and EPS exceeding estimates, but investors will look for continued growth to support the valuation. BNY Mellon Faces Earnings Test
• Neutral Sentiment: Separate reports noted BNY Mellon’s after-hours trading level and its tokenized Treasury initiatives with Citadel Securities, but provided limited new information on near-term earnings or revenue. Citadel Securities and BNY Tokenized Treasury Initiatives

Insider Activity at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon 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 transaction, the vice president owned 176,824 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 38,840 shares of company stock valued at $6,033,502. 0.17% of the stock is owned by insiders.

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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