Axecap Investments LLC increased its position in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,702 shares of the bank’s stock after buying an additional 6,731 shares during the period. Bank of New York Mellon comprises 3.5% of Axecap Investments LLC’s portfolio, making the stock its 4th largest holding. Axecap Investments LLC’s holdings in Bank of New York Mellon were worth $5,742,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of BNY. BlackRock Inc. acquired a new stake in Bank of New York Mellon during the second quarter worth approximately $8,321,111,000. Bank of America Corp DE acquired a new position in Bank of New York Mellon in the 2nd quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon in 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 during the 2nd quarter worth $1,175,576,000. Finally, Amundi purchased a new position in shares of Bank of New York Mellon during the 2nd quarter worth $985,533,000. Hedge funds and other 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: Strong third-quarter performance: Reports indicate that all three business segments delivered profit growth, while BNY raised its full-year guidance again. The results reinforce the bank’s earnings momentum and support the bullish case for the shares. Bank of New York Mellon Q3 2026 Earnings
- Positive Sentiment: Bear Stearns litigation win: A court backed BNY Mellon in a long-running foreclosure dispute involving Bear Stearns mortgage trusts. The decision could reduce legal uncertainty and potential financial exposure for the company. Court backs BNY Mellon in Bear Stearns trust foreclosure saga
- Positive Sentiment: Higher Morgan Stanley target: Morgan Stanley raised its price target for BNY to $152, signaling improved expectations for the company’s earnings or valuation. Morgan Stanley raises target for BNY Mellon stock
Wall Street Analyst Weigh In
Several research firms have recently issued reports on BNY. TD Cowen initiated coverage on Bank of New York Mellon in a report on Thursday, October 8th. They set a “hold” rating and a $160.00 price objective on the stock. Citigroup dropped their target price on Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday. New Street Research set a $182.00 target price on Bank of New York Mellon in a research note on Friday. Truist Financial reduced their target price on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Finally, Wells Fargo & Company raised their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.62.
Check Out Our Latest Analysis on Bank of New York Mellon
Bank of New York Mellon Stock Performance
NYSE:BNY opened at $143.96 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86. The company has a market cap of $97.68 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.03 and a beta of 1.06. Bank of New York Mellon Corporation has a fifty-two week low of $105.36 and a fifty-two week high of $165.84. The firm’s 50 day moving average is $154.04 and its two-hundred day moving average is $146.91.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company had revenue of $5.68 billion for the quarter. The company’s revenue was up 11.7% on a year-over-year basis. Analysts expect that Bank of New York Mellon Corporation will post 9.35 EPS for the current year.
Insider Buying and Selling at Bank of New York Mellon
In related news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president directly owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,840 shares of company stock worth $6,033,502 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.
Bank of New York Mellon Company 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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