Bank of New York Mellon Corporation $BNY Stock: Mystic Asset Management Inc. Raises Position

Posted by Stanley Muller on Oct 15th, 2026

Mystic Asset Management Inc. grew its position in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 599.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,798 shares of the bank’s stock after purchasing an additional 20,395 shares during the period. Mystic Asset Management Inc.’s holdings in Bank of New York Mellon were worth $3,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BNY. Luken Investment Analytics LLC acquired a new position in Bank of New York Mellon in the second quarter worth approximately $27,000. EFG International AG bought a new position in Bank of New York Mellon during the second quarter valued at approximately $29,000. Burnham & Co LLC acquired a new stake in Bank of New York Mellon in the second quarter valued at approximately $29,000. Abound Financial LLC acquired a new stake in Bank of New York Mellon in the fourth quarter valued at approximately $25,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Bank of New York Mellon in the second quarter valued at approximately $32,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the completion of the sale, the vice president directly owned 176,824 shares in the company, valued at $26,309,642.96. This trade represents a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,840 shares of company stock worth $6,033,502 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Trending Headlines about Bank of New York Mellon

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

Positive Sentiment: Third-quarter earnings beat expectations. BNY reported quarterly revenue of $5.68 billion, up 11.7% year over year, while earnings per share reached $2.37 versus the $2.26 consensus estimate. Net income applicable to common shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
Positive Sentiment: Fee-based growth and scale supported the quarter. Fee revenue increased about 12%, net interest revenue remained solid, and custody and administration assets grew 10% to $63.4 trillion. These trends reinforce BNY’s asset-servicing franchise and helped drive the earnings beat. BNY Q3 Earnings Beat, Driven by Fee Revenue Growth, Solid NII
Positive Sentiment: Analyst sentiment improved. A Seeking Alpha analysis called the recent AI-related sell-off excessive and upgraded the stock, while other coverage cited multiple consecutive earnings beats. This may encourage investors to view the recent weakness as a valuation opportunity. Bank of New York Mellon: AI-Driven Sell-Off Is Overdone
Positive Sentiment: Shareholder returns remain supported. BNY declared a quarterly common dividend of $0.63 per share, payable November 9 to shareholders of record October 26. The company also announced dividends on several preferred-stock series. BNY Declares Dividends
Neutral Sentiment: Interest-rate conditions remain a focus. BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, suggesting the bank is operating in a manageable rate environment, though future yield movements could affect net interest revenue and market-sensitive businesses. US 10-year Treasury Yield Levels Not Unprecedented, BNY CEO Says
Positive Sentiment: Digital-market infrastructure continues to expand. BNY completed a tokenized U.S. Treasury triparty repo workflow with Citadel Securities, highlighting potential long-term growth in collateral management and institutional digital-asset services.

Analyst Ratings Changes

BNY has been the topic of several analyst reports. Erste Group Bank started coverage on shares of Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating on the stock. Wells Fargo & Company lifted their price objective on shares of 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. Citigroup decreased their price objective on shares of Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Keefe, Bruyette & Woods boosted their price target on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings lowered Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.38.

Get Our Latest Stock Report on Bank of New York Mellon

Bank of New York Mellon Stock Performance

BNY traded up $4.70 during trading on Thursday, hitting $142.34. The stock had a trading volume of 3,166,311 shares, compared to its average volume of 3,693,587. The firm has a market cap of $96.58 billion, a PE ratio of 16.57, 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 Corporation has a 12 month low of $103.11 and a 12 month high of $165.84. The company has a 50 day simple moving average of $155.31 and a 200-day simple moving average of $146.19.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. The company had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

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.