Smith Group Asset Management LLC cut its position in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 74.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,160 shares of the bank’s stock after selling 9,210 shares during the quarter. Smith Group Asset Management LLC’s holdings in Bank of New York Mellon were worth $457,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Luken Investment Analytics LLC bought a new stake in Bank of New York Mellon during the 2nd quarter valued at approximately $27,000. Balance Wealth Partners LLC acquired a new stake in Bank of New York Mellon in the 3rd quarter valued at approximately $28,000. EFG International AG acquired a new stake in Bank of New York Mellon in the 2nd quarter valued at approximately $29,000. Burnham & Co LLC bought a new position in Bank of New York Mellon in the 2nd quarter worth approximately $29,000. Finally, N.E.W. Advisory Services LLC bought a new position in Bank of New York Mellon in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 85.31% of the company’s stock.
Bank of New York Mellon Price Performance
Shares of NYSE:BNY opened at $149.33 on Friday. Bank of New York Mellon Corporation has a 1-year low of $105.42 and a 1-year high of $165.84. The firm has a market capitalization of $101.32 billion, a PE ratio of 16.50, a PEG ratio of 0.99 and a beta of 1.06. The business’s 50 day moving average is $151.78 and its 200-day moving average is $139.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86.
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 business had revenue of $5.68 billion for the quarter. The business’s revenue was up 11.7% compared to the same quarter last year. Sell-side analysts predict that Bank of New York Mellon Corporation will post 9.39 earnings per share for the current year.
Key Headlines Impacting Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: BNY expanded its strategic collaboration with Ripple across digital-asset custody and tokenized trade finance. The partnership could strengthen BNY’s position in institutional digital assets and create longer-term growth opportunities in custody and transaction services. Is Bank of New York Mellon Corporation Undervalued As Its Ripple Tie Up Expands?
- Positive Sentiment: Recent institutional filings showed significant buying, including International Assets Investment Management’s addition of roughly 457,000 shares and Summit Global Investments’ more than threefold increase in its position. Institutional investors own approximately 85% of BNY’s outstanding shares, providing a supportive ownership backdrop.
- Positive Sentiment: BNY’s latest quarterly results exceeded expectations, with earnings per share of $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. These results reinforce the company’s earnings momentum and profitability.
- Neutral Sentiment: A valuation analysis said BNY appears close to fair value after a 268% run, suggesting that much of the recent appreciation may already be reflected in the shares. The stock’s average analyst rating remains “Moderate Buy,” with an average price target of $164.62. BNY Stock Looks Close To Fair Value After A 268% Run
- Neutral Sentiment: BNY Mellon Global Stock Fund, Dynamic Value Fund and Appreciation Fund published third-quarter commentaries. These reports may offer portfolio perspectives but do not introduce a material change to BNY’s operating outlook. BNY Mellon Global Stock Fund Q3 2026 Commentary
- Negative Sentiment: CEO Robin Vince sold 50,000 shares for approximately $7.39 million across October 26–27, reducing his direct holdings by about 8%. Vice President Jose Minaya also sold 3,520 shares worth approximately $520,000. The sales may weigh on sentiment, although insider transactions can be scheduled or routine. Insider Selling at Bank of New York Mellon
Analyst Ratings Changes
BNY has been the subject of several research reports. New Street Research set a $182.00 price objective on Bank of New York Mellon in a research report on Friday, October 16th. Citigroup lowered their price objective on shares of Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Barclays upped their target price on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Argus increased their price target on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price target on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average target price of $164.62.
Read Our Latest Stock Report on BNY
Insiders Place Their Bets
In other news, CEO Robin Vince sold 40,620 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $147.81, for a total value of $6,004,042.20. Following the completion of the transaction, the chief executive officer owned 585,174 shares in the company, valued at approximately $86,494,568.94. This represents a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the transaction, the vice president directly owned 173,304 shares of the company’s stock, valued at $25,616,064.24. The trade was a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 60,560 shares of company stock valued at $9,007,119. 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.
Featured Articles
- Five stocks we like better than Bank of New York Mellon
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Bank of New York Mellon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of New York Mellon and related companies with MarketBeat.com's FREE daily email newsletter.
