Oppenheimer & Co. Inc. Buys 17,450 Shares of Bank of New York Mellon Corporation $BNY

Key Points

• Oppenheimer & Co. increased its BNY position by 50.5% in the third quarter, adding 17,450 shares to own 52,017 shares valued at approximately $7.5 million. Institutional investors collectively hold 85.31% of the company.
• BNY reported quarterly EPS of $2.37, beating estimates of $2.26, while revenue rose 11.7% year over year to $5.68 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $164.62.
• CEO Robin Vince and other insiders sold 57,040 shares worth roughly $8.5 million over the past 90 days, potentially weighing on sentiment despite BNY’s expanded digital-asset collaboration with Ripple.

Oppenheimer & Co. Inc. grew its position in shares of Bank of New York Mellon Corporation (NYSE:BNY - Free Report) by 50.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,017 shares of the bank's stock after buying an additional 17,450 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Bank of New York Mellon were worth $7,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

More Bank of New York Mellon News

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

• Positive Sentiment: BNY expanded its strategic collaboration with Ripple across digital-asset custody and tokenized trade finance. The agreement could strengthen BNY’s position in institutional digital assets and create longer-term growth opportunities in custody and transaction services. Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance
• Positive Sentiment: BNY CFO Dermot McDonogh discussed business growth and an AI strategy focused on avoiding excessive technology spending. Investors may view disciplined AI investment and cost control favorably, particularly as the bank seeks efficiency gains without overspending. BNY CFO on AI Strategy, Business Growth
• Neutral Sentiment: BNY announced that its CFO will speak at the BMO Financials Conference on November 9. The event could provide updated guidance on growth, capital allocation and digital assets, but the announcement itself does not change current fundamentals. BNY to Speak at the BMO Financials Conference
• Neutral Sentiment: BNY Mellon’s Dynamic Value Fund and Appreciation Fund released third-quarter commentaries. These publications may offer investor perspectives but do not represent a new corporate operating or financial development. BNY Mellon Dynamic Value Fund Q3 2026 Commentary BNY Mellon Appreciation Fund Q3 2026 Commentary
• Negative Sentiment: CEO Robin A. Vince sold a combined 50,000 BNY shares for approximately $7.39 million over October 26–27, reducing his direct holdings by roughly 8%. Although insider sales can be routine, the sizable transactions may weigh on sentiment because they signal reduced personal exposure by the chief executive. SEC Insider Ownership Filing

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Bank of New York Mellon from $159.00 to $161.00 and gave the company an "overweight" rating in a research note on Friday, October 2nd. Keefe, Bruyette & Woods restated an "outperform" rating on shares of Bank of New York Mellon in a report on Friday, October 16th. Argus upped their target price on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. TD Cowen began coverage on Bank of New York Mellon in a report on Thursday, October 8th. They issued a "hold" rating and a $160.00 price objective for the company. Finally, Royal Bank Of Canada boosted their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $164.62.

Insider Activity

In related news, CEO Robin Vince sold 40,620 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $147.81, for a total value of $6,004,042.20. Following the completion of the transaction, the chief executive officer directly owned 585,174 shares of the company's stock, valued at $86,494,568.94. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction 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. The trade was a 1.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,040 shares of company stock worth $8,486,827. Corporate insiders own 0.17% of the company's stock.

Bank of New York Mellon Trading Up 0.7%

Shares of NYSE:BNY opened at $148.56 on Thursday. The business's 50-day moving average is $151.99 and its 200 day moving average is $138.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. Bank of New York Mellon Corporation has a 1 year low of $105.42 and a 1 year high of $165.84. The firm has a market capitalization of $100.80 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.97 and a beta of 1.06.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.