Bank of New York Mellon Corporation (NYSE:BNY – Free Report) – Erste Group Bank increased their FY2026 earnings per share estimates for Bank of New York Mellon in a research note issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the bank will post earnings of $9.35 per share for the year, up from their prior estimate of $9.26. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $9.37 per share. Erste Group Bank also issued estimates for Bank of New York Mellon’s FY2027 earnings at $10.42 EPS.
A number of other research firms also recently commented on BNY. Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. TD Cowen assumed coverage on shares of Bank of New York Mellon in a research note on Thursday, October 8th. They issued a “hold” rating and a $160.00 target price for the company. New Street Research set a $182.00 target price on shares of Bank of New York Mellon in a research report on Friday, October 16th. Weiss Ratings lowered 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, JPMorgan Chase & Co. raised their price target on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of New York Mellon presently has an average rating of “Moderate Buy” and an average price target of $164.62.
Read Our Latest Analysis on BNY
Bank of New York Mellon Stock Down 0.6%
Shares of Bank of New York Mellon stock opened at $145.00 on Friday. The firm has a market cap of $98.38 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.05 and a beta of 1.06. 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 has a 52-week low of $105.42 and a 52-week high of $165.84. The stock has a 50-day simple moving average of $153.35 and a 200-day simple moving average of $147.23.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last released its quarterly earnings data 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. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The firm had revenue of $5.68 billion during the quarter. Bank of New York Mellon’s revenue for the quarter was up 11.7% compared to the same quarter last year.
Insider Transactions at Bank of New York Mellon
In related news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $148.79, for a total transaction 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 represents 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 three months, insiders have sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Bank of New York Mellon during the 2nd quarter worth $8,321,111,000. Bank of America Corp DE acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at about $1,214,193,000. Wellington Management Group LLP acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at about $1,175,576,000. Finally, Amundi bought a new position in shares of Bank of New York Mellon in the second quarter worth about $985,533,000. Institutional investors own 85.31% of the company’s stock.
About Bank of New York Mellon
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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