Bank of New York Mellon (NYSE:BK) Price Target Raised to $143.00

Bank of New York Mellon (NYSE:BK) had its price objective increased by Barclays from $120.00 to $143.00 in a report issued on Monday,Benzinga reports. The firm currently has an overweight rating on the bank’s stock.

A number of other equities research analysts have also recently issued reports on BK. Morgan Stanley boosted their target price on shares of Bank of New York Mellon from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. TD Cowen increased their target price on shares of Bank of New York Mellon from $130.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Evercore ISI increased their price target on Bank of New York Mellon from $91.00 to $110.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods lifted their price objective on Bank of New York Mellon from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, BMO Capital Markets started coverage on Bank of New York Mellon in a research report on Friday, October 3rd. They set an “outperform” rating and a $125.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.43.

Bank of New York Mellon Trading Down 0.7%

Shares of NYSE:BK opened at $120.42 on Monday. Bank of New York Mellon has a 12-month low of $70.46 and a 12-month high of $122.36. The business has a 50 day moving average of $113.20 and a 200-day moving average of $106.10. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.83. The stock has a market cap of $83.97 billion, a PE ratio of 17.38, a P/E/G ratio of 0.99 and a beta of 1.11.

Bank of New York Mellon (NYSE:BK) last released its quarterly earnings results on Friday, October 31st. The bank reported $1.91 earnings per share for the quarter. The business had revenue of $5.07 billion during the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%. As a group, equities research analysts forecast that Bank of New York Mellon will post 6.96 earnings per share for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Monday, October 27th were given a dividend of $0.53 per share. The ex-dividend date was Monday, October 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.8%. Bank of New York Mellon’s payout ratio is currently 30.59%.

Hedge Funds Weigh In On Bank of New York Mellon

Several large investors have recently bought and sold shares of BK. Vanguard Group Inc. increased its stake in shares of Bank of New York Mellon by 0.7% in the second quarter. Vanguard Group Inc. now owns 71,092,148 shares of the bank’s stock valued at $6,477,206,000 after buying an additional 517,081 shares during the period. Geode Capital Management LLC boosted its position in Bank of New York Mellon by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank’s stock worth $1,717,074,000 after buying an additional 785,478 shares during the period. Artisan Partners Limited Partnership grew its holdings in Bank of New York Mellon by 0.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 15,803,214 shares of the bank’s stock worth $1,439,831,000 after acquiring an additional 139,544 shares during the last quarter. Ameriprise Financial Inc. increased its position in Bank of New York Mellon by 18.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock valued at $1,454,116,000 after acquiring an additional 2,034,781 shares during the period. Finally, Norges Bank acquired a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $1,081,847,000. 85.31% of the stock is currently owned by institutional investors.

Key Stories Impacting Bank of New York Mellon

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

• Positive Sentiment: TD Cowen raised its price target to $145 and maintained a “buy” rating, signaling roughly 20% upside from current levels — a strong vote of confidence from a sell‑side shop. TD Cowen Raises Price Target
• Positive Sentiment: Truist upgraded BK from “hold” to “buy” and increased its target to $134 (from $119), reinforcing the recent analyst upgrade momentum. Truist Upgrade
• Positive Sentiment: Barclays and other outlets highlighted strong upside potential and the stock recently hit a new 52‑week high following analyst upgrades — this helps explain recent buying and higher valuations. Barclays Forecasts Strong Price Appreciation
• Neutral Sentiment: Zacks published previews saying BK has historically beaten estimates and currently looks set to beat again, making the upcoming earnings release a near‑term catalyst (binary risk/reward). Zacks Earnings Preview
• Neutral Sentiment: BK is scheduled to report earnings next week; Wall Street expects earnings growth — the report will likely be the decisive short‑term mover (could swing the stock either way). Earnings Schedule/Expectations
• Neutral Sentiment: BNY Mellon group (the firm’s custody/asset management entities) ceased to be a substantial holder in Australian miner Boss Energy — a disclosure about an external holding that is unlikely to meaningfully affect BK’s fundamentals. BNY Mellon Ceases to Be Substantial Holder in Boss Energy
• Negative Sentiment: After the run-up and analyst upgrades, today’s pullback looks like profit-taking/rotation risk; if upcoming earnings or guidance disappoint, downside could be amplified given the recent multiple expansion. Market/Price Action Context

Bank of New York Mellon Company Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.