Bank of New York Mellon Corporation $BNY Stock Acquired by Legacy Wealth Asset Management LLC

Posted by George Bondi on Oct 9th, 2026

Legacy Wealth Asset Management LLC boosted its holdings in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 85.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,710 shares of the bank’s stock after acquiring an additional 8,138 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Bank of New York Mellon were worth $2,561,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Bank of New York Mellon during the second quarter valued at approximately $8,321,111,000. Bank of America Corp DE bought a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $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 2nd quarter valued at $1,214,193,000. Wellington Management Group LLP purchased a new position in shares of Bank of New York Mellon in the second quarter valued at about $1,175,576,000. Finally, Amundi purchased a new position in Bank of New York Mellon in the 2nd quarter worth approximately $985,533,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Bank of New York Mellon News Summary

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

Positive Sentiment: BNY is expanding regulated digital-asset custody services across the European Union under the Markets in Crypto-Assets (MiCA) framework. The move broadens its institutional crypto offering and could create additional fee revenue as European demand for compliant custody grows. BNY Expands Digital Asset Custody in Europe BNY Expands Regulated Crypto Custody Across the European Union Under MiCA
Positive Sentiment: Wall Street expects earnings growth in BNY’s upcoming report, with Zacks highlighting conditions that could support an earnings beat. The outlook builds on the company’s latest quarter, when earnings and revenue exceeded estimates and revenue rose 13.3% year over year. BNY Reports Next Week: Wall Street Expects Earnings Growth
Positive Sentiment: Barclays reaffirmed its Buy rating, indicating continued confidence in BNY’s earnings and business prospects. Barclays Reaffirms Their Buy Rating
Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $160 price target, implying analysts see moderate upside but not an immediate catalyst for a stronger bullish view. TD Cowen Initiates Coverage
Neutral Sentiment: BNY sold 21.24 million shares of TLKM, apparently a portfolio transaction. The sale may affect holdings but does not indicate a change in BNY’s core operating outlook. BNY Sells 21.24 Million TLKM Shares
Negative Sentiment: Recent reports describe analysts trimming fair-value estimates or recalibrating price targets, contributing to valuation concerns ahead of results. BNY’s stock also recently declined despite a fund adding shares, suggesting continued short-term selling pressure. BNY Stock Gets Fair Value Trim BNY Mellon Stock Falls as Fund Adds Shares

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. TD Cowen began coverage on shares of Bank of New York Mellon in a report on Thursday. They set a “hold” rating and a $160.00 price target on the stock. Barclays lifted their target price on 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. Weiss Ratings downgraded shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Finally, Bank of America upped their target price on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average target price of $162.38.

Read Our Latest Analysis on Bank of New York Mellon

Bank of New York Mellon Stock Up 0.7%

NYSE:BNY opened at $143.68 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $156.62 and its two-hundred day moving average is $145.51. Bank of New York Mellon Corporation has a twelve month low of $103.11 and a twelve month high of $165.84. The company has a market cap of $97.49 billion, a PE ratio of 16.73, a P/E/G ratio of 1.11 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.30. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 EPS. Analysts anticipate that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

Insider Activity

In other Bank of New York Mellon news, VP Jose Minaya sold 3,520 shares of the company’s stock in a transaction 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 in the company, valued at approximately $26,309,642.96. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,840 shares of company stock worth $6,033,502. Corporate insiders own 0.17% of the company’s stock.

About Bank of New York Mellon

(Free Report)

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.